Trillion in the context of "Global GDP"

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⭐ Core Definition: Trillion

Trillion is a number with two distinct definitions:

  • 1,000,000,000,000, i.e. one million million, or 10 (ten to the twelfth power), as defined on the short scale. This is now the meaning in both American and British English.
  • 1,000,000,000,000,000,000, i.e. 10 (ten to the eighteenth power), as defined on the long scale. This is one million times larger than the short scale trillion. This is the historical meaning in English and the current use in many non-English-speaking countries where trillion and billion 10 (ten to the twelfth power) maintain their long scale definitions.
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In this Dossier

Trillion in the context of Global economic output

The gross world product (GWP), also known as gross world income (GWI), is the combined gross national income (previously, the "gross national product") of all the countries in the world. Because imports and exports balance exactly when considering the whole world, this also equals the total global gross domestic product (GDP). According to the World Bank, the 2013 nominal GWP was approximately 75.59 trillion United States dollars. In 2017, according to the CIA's World Factbook, the GWP was around $80.27 trillion in nominal terms and totaled approximately 127.8 trillion international dollars in terms of purchasing power parity (PPP). The per capita PPP GWP in 2017 was approximately 17,500 international dollars according to the World Factbook. According to the World Bank, the 2020 GWP in current dollars was approximately $84.705 trillion.

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Trillion in the context of Tourism

Tourism is travel for pleasure, and the commercial activity of providing and supporting such travel. UN Tourism defines tourism more generally, in terms which go "beyond the common perception of tourism as being limited to holiday activity only", as people "travelling to and staying in places outside their usual environment for not more than one consecutive year for leisure and not less than 24 hours, business and other purposes". Tourism can be domestic (within the traveller's own country) or international. International tourism has both incoming and outgoing implications on a country's balance of payments.

Between the second half of 2008 and the end of 2009, tourism numbers declined due to a severe economic slowdown (see Great Recession) and the outbreak of the 2009 H1N1 influenza virus. These numbers, however, recovered until the COVID-19 pandemic put an abrupt end to the growth. The United Nations World Tourism Organization has estimated that global international tourist arrivals might have decreased by 58% to 78% in 2020, leading to a potential loss of US$0.9–1.2 trillion in international tourism receipts.

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Trillion in the context of Large numbers

Large numbers are numbers far larger than those encountered in everyday life, such as simple counting or financial transactions. These quantities appear prominently in mathematics, cosmology, cryptography, and statistical mechanics. Googology studies the naming conventions and properties of these immense numbers.

Since the customary decimal format of large numbers can be lengthy, other systems have been devised that allows for shorter representation. For example, a billion is represented as 13 characters (1,000,000,000) in decimal format, but is only 3 characters (10) when expressed in exponential format. A trillion is 17 characters in decimal, but only 4 (10) in exponential. Values that vary dramatically can be represented and compared graphically via logarithmic scale.

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Trillion in the context of Abu Dhabi

Abu Dhabi is the capital city of the United Arab Emirates (UAE). The city is the seat of the Abu Dhabi Central Capital District, the capital city of the Emirate of Abu Dhabi, and the UAE's second-most populous city, after Dubai. The city is situated on a T-shaped island, extending into the Persian Gulf from the central-western coast of the UAE.

Abu Dhabi is located on an island in the Persian Gulf, off the Central West Coast. Most of the city and the Emirate reside on the mainland connected to the rest of the country. As of 2023, Abu Dhabi's urban area had an estimated population of 2.5 million, out of 3.8 million in the emirate of Abu Dhabi. The Abu Dhabi Investment Authority (ADIA), headquartered in the city, is estimated to manage approximately US$1 trillion in assets, making it the world's third-largest sovereign wealth fund after Norway's Government Pension Fund Global and China's CIC. Abu Dhabi itself has over a trillion US dollars' worth of assets under management in a combination of various sovereign wealth funds headquartered there.

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Trillion in the context of Guangdong

Guangdong is a coastal province in South China, on the north shore of the South China Sea with Guangzhou as the capital. With a population of 127.06 million (as of 2023) across a total area of about 179,800 km (69,400 sq mi), Guangdong is China's most populous province and its 15th-largest by area, as well as the third-most populous country subdivision in the world.

Guangdong's economy is the largest of any provincial-level division in China, with a GDP of CN¥14.16 trillion (US$2.0 trillion in GDP nominal) in 2024, contributing approximately 10.5 percent of mainland China's economic output. It has a diversified economy, and was known as the starting point of ancient China's Maritime Silk Road. It is home to the production facilities and offices of a wide-ranging set of Chinese and foreign corporations. Guangdong has benefited from its proximity to the financial hub of Hong Kong, which it borders to the south. Guangdong also hosts the largest import and export fair in China, the Canton Fair, in Guangzhou. The Pearl River Delta Economic Zone, a Chinese megalopolis, is a core for high tech, manufacturing and international trade. In this zone are two of the four top Chinese cities and the top two Chinese prefecture-level cities by GDP: Guangzhou and Shenzhen, the first special economic zone in the country. These two are among China's most populous and important cities, and have become two of the world's most populous megacities and leading financial centres in the Asia–Pacific region.

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Trillion in the context of HSBC

HSBC Holdings plc (Chinese: 滙豐; lit. 'focus of wealth') is a British universal bank and financial services group headquartered in London, England, with historical and business links to East Asia and a multinational footprint. It is the largest Europe-based bank by total assets, ahead of BNP Paribas, with US$3.098 trillion as of September 2024. This also puts it as the 7th largest bank in the world by total assets behind Bank of America, and the 3rd largest non-state owned bank in the world.

In 2021, HSBC had $10.8 trillion in assets under custody (AUC) and $4.9 trillion in assets under administration (AUA).

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