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, '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>).
    
    
This historical usage never became well-established in finance, and is now - for practical purposes - defunct.
This historical usage never became well-established in finance, and is now - for most practical purposes - defunct.




== See also ==
== See also ==
* [[Crore]]
* [[Lakh]]
* [[Milliard]]
*[[Quadrillion]]
* [[Trillion]]
* [[Trillion]]
[[Category:Accounting,_tax_and_regulation]]

Latest revision as of 17:55, 14 March 2024

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.


See also