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The Trillion dollar club is an unofficial classification of the world's major economies with a gross domestic product (nominal GDP) of more than US$1 trillion per year. [ 1 ] [ 2 ] As of 2023, it included 19 countries.
[3] [4] According to a 2024 Oxfam report, the world's top 1% of earners own more combined wealth "than 95% of humanity". [5] As of October 2024, seventeen people have reached the status of USD centibillionaires, meaning that each has had a net worth of at least $100 billion.
In the following table, for each country/territory, IMF figures shows government's revenue, expenditure, and net lending (+)/ borrowing (-) as percentage of GDP and in current USD, calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms. [3]
Billion is a word for a large number, and it has two distinct definitions: 1,000,000,000 , i.e. one thousand million , or 10 9 (ten to the ninth power ), as defined on the short scale . This is now the most common sense of the word in all varieties of English; it has long been established in American English and has since become common in ...
Visualization of 1 trillion (short scale) A Rubik's cube, which has about 43 trillion (long scale) possible positions. Trillion is a number with two distinct definitions: 1,000,000,000,000, i.e. one million million, or 10 12 (ten to the twelfth power), as defined on the short scale. This is now the meaning in both American and British English.
Forecasters at the National Retail Federation predict that holiday retail sales in November and December of this year will grow between 2.5% and 3.5%, setting a record between $979.5 billion and ...
The combined net worth of the list was $3.6 trillion, up 50 percent from 2009's $2.4 trillion, while the average net worth was $3.5 billion. [ 9 ] The 2010 list featured 164 re-entries and 97 true newcomers. [ 9 ]
British mobile phone company O2 has unveiled an “AI granny” called Daisy who is helping combat fraud by wasting scammers’ time with long phone calls.