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A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money.
It should be remembered that "billion" does not mean in American use (which follows the French) what it means in British. For to us it means the second power of a million, i.e. a million millions (1,000,000,000,000); for Americans it means a thousand multiplied by itself twice, or a thousand millions (1,000,000,000), what we call a milliard.
Its annual turnover is in the region of 2 billion rupees (approximately 36 or 37 million US dollars), for a profit of about 80 million rupees (1.5 million dollars). [30] It has been profitable every year since 1820, but the alkaloid production currently makes a loss, while the opium production makes a profit.
The United States had the highest number of millionaires (5.5 million) of any country, whilst New York is the wealthiest city with 349,500 millionaires. [7] In countries that use the short scale number naming system, a billionaire is someone who has at least a thousand times a million dollars, euros or pounds.
These are lists of Indian states and union territories by their nominal gross state domestic product (GSDP). GSDP is the sum of all value added by industries within each state or union territory and serves as a counterpart to the national gross domestic product (GDP). [1]
US dollar-Pakistani rupee exchange rate. Between 1948 and July 1955, the Pakistani rupee was effectively pegged to the U.S. dollar at approximately Rs.3/31 per U.S. dollar. Afterwards, this was changed to approximately Rs.4/76 per U.S. dollar, a devaluation of 30%, to match the Indian rupee's value. [29]
During this period, Pakistan faced a worsening trade balance, with deficits increasing from −831 million Rupees in 1950/51 to −1043 million Rupees in 1959/60. Economically, agriculture grew at an annual rate of 1.6%, while manufacturing expanded impressively at 7.7% per annum during the 1950s.
The 2022 season of the IPL offered total prize money of ₹ 46.5 crore (equivalent to ₹ 49 crore or US$5.7 million in 2023), with the winning team netting ₹ 20 crore (equivalent to ₹ 21 crore or US$2.4 million in 2023) and the second-placed team ₹ 13 crore (equivalent to ₹ 14 crore or US$1.6 million in 2023).