Billion: Difference between revisions
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One thousand million (1,000,000,000 or 10<sup>9</sup>). | One thousand million (1,000,000,000 or 10<sup>9</sup>). | ||
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Historically in the UK and some other countries, 'billion' used to refer mathematically to 1,000,000,000,000 (or 10<sup>12</sup>). | Historically in the UK and some other countries, 'billion' used to refer mathematically to 1,000,000,000,000 (or 10<sup>12</sup>). | ||
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== See also == | == See also == | ||
* [[Trillion]] | * [[Trillion]] | ||
Revision as of 13:41, 7 June 2013
1.
One thousand million (1,000,000,000 or 109).
For example EUR 100 billion = EUR 100,000,000,000. Often abbreviated to 'bn' or 'Bn'. For example EUR 100bn.
2.
Historically in the UK and some other countries, 'billion' used to refer mathematically to 1,000,000,000,000 (or 1012).
This historical usage never became well-established in finance, and is now - for practical purposes - defunct.
