The Nobel Prize Amounts

On 27 November 1895, a year before his death, Alfred Nobel signed the famous will which would implement some of the goals to which he had devoted so much of his life. Nobel stipulated in his will that most of his estate, more than SEK 31 million (today approximately SEK 1,500 million) should be converted into a fund and invested in "safe securities."

The income from the investments was to be "distributed annually in the form of prizes to those who during the preceding year have conferred the greatest benefit on mankind.

The list below shows the Nobel Prize amount in Swedish kronor (SEK) through the years.
The Nobel Prize amount for 2007 is set at Swedish kronor (SEK) 10 million per full Nobel Prize.

Below the list is a diagram comparing the nominal Nobel Prize amount since 1901 with its real value in 2007 terms.

Year Comments Amount
1901  150,782
1902
141,847
1903
141,358
1904
140,859
1905
138,089
1906
138,536
1907
138,796
1908
139,800
1909
139,800
1910
140,703
1911
140,695
1912
140,476
1913
143,010
1914
146,900
1915
149,223
1916
131,793
1917
133,823
1918
138,198
1919
133,127
1920
134,100
1921
121,573
1922
122,483
1923 Smallest amount
114,935
1924
116,719
1925
118,165
1926
116,960
1927
126,501
1928
156,939
1929
172,760
1930
172,947
1931
173,206
1932
171,753
1933
170,332
1934
162,608
1935
159,917
1936
159,850
1937
158,463
1938
155,007
1939
148,822
1940
138,570
1941
131,496
1942
131,891
1943
123,691
1944
121,841
1945  
121,333
1946  The Foundation is granted tax exemption
121,524
1947  
146,115
1948  
159,773
1949  
156,290
1950  
164,304
1951  
167,612
1952  
171,135
1953 The Foundation's investment rules are changed
175,293
1954  
181,647
1955  
190,214
1956
200,123
1957  
208,629
1958
214,559
1959
220,678
1960
225,987
1961
250,233
1962
257,220
1963
265,000
1964
273,000
1965
282,000
1966
300,000
1967
320,000
1968
350,000
1969 The Prize in Economics is added
375,000
1970  
400,000
1971
450,000
1972
480,000
1973
510,000
1974
550,000
1975
630,000
1976
681,000
1977
700,000
1978
725,000
1979
800,000
1980  
880,000
1981
1,000,000
1982
1,150,000
1983
1,500,000
1984
1,650,000
1985
1,800,000
1986
2,000,000
1987
2,175,000
1988
2,500,000
1989  
3,000,000
1990   4,000,000
1991   6,000,000
1992   6,500,000
1993  
6,700,000
1994   7,000,000
1995   7,200,000
1996   7,400,000
1997   7,500,000
1998   7,600,000
1999   7,900,000
2000   9,000,000
2001   10,000,000
2002   10,000,000
2003   10,000,000
2004   10,000,000
2005   10,000,000
2006   10,000,000
2007   10,000,000

 

Diagram

 

Copyright © The Nobel Foundation 2007