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>). | ||
For example | For example: | ||
EUR 456 billion = EUR 456,000,000,000. | EUR 456 billion = EUR 456,000,000,000. | ||
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2. | 2. | ||
Historically in the UK and some other countries | Historically - in the UK and some other countries - 'billion' used to refer mathematically to 1,000,000,000,000 (or 10<sup>12</sup>). | ||
This historical usage never became well-established in finance, and is now - for most practical purposes - defunct. | This historical usage never became well-established in finance, and is now - for most practical purposes - defunct. | ||
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== See also == | == See also == | ||
* [[Milliard]] | * [[Milliard]] | ||
*[[Quadrillion]] | *[[Quadrillion]] | ||
* [[Trillion]] | |||
Revision as of 20:41, 3 February 2018
1.
One thousand million (1,000,000,000 or 109).
For example:
EUR 456 billion = EUR 456,000,000,000.
Often abbreviated to 'bn' or 'Bn'. For example EUR 456bn.
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 most practical purposes - defunct.
