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That figure seems way too low, what are your sources on it?
by rocho 6y ago
That figure seems way too low, what are your sources on it?
- HPsquared 6y agoWorld GDP is $80 trillion per year.
- rakoo 6y agoWorld GDP was ~$90B last year (https://databank.worldbank.org/data/download/GDP.pdf https://databank.worldbank.org/data/download/GDP.pdf), which averages to ~$150M/minute
- vultour 6y agoThat's trillion not billion
- jrh206 6y agohttps://en.wikipedia.org/wiki/Billion https://en.wikipedia.org/wiki/Billion A billion is a number with two distinct definitions: - 1,000,000,000, i.e. one thousand million, or 10^9, as defined on the short scale. This is now the meaning in both British and American English. - 1,000,000,000,000, i.e. one million million, or 10^12, as defined on the long scale. This is one thousand times larger than the short scale billion, and equivalent to the short scale trillion. This is the historical meaning in English and the current use in many non-English-speaking countries where billion and trillion 10^18 maintain their long scale definitions. Nevertheless almost everyone uses 1B = 10^9 for technical discussions
- ikt 6y agoThis is a financial discussion though so: https://www.worldometers.info/gdp/gdp-by-country/ https://www.worldometers.info/gdp/gdp-by-country/ World's GDP is $80,934,771,028,340 (nominal, 2017). https://www.wolframalpha.com/input/?i=%2480%2C934%2C771%2C028%2C340 https://www.wolframalpha.com/input/?i=%2480%2C934%2C771%2C02... $80.93477102834 trillion Nobody would argue world GDP is anything billion, that's crazy.
- selectodude 6y agohttps://fr.wikipedia.org/wiki/Liste_des_pays_par_PIB_nominal https://fr.wikipedia.org/wiki/Liste_des_pays_par_PIB_nominal In France, they use milliard and billion.
- rakoo 6y agoSorry, language mistake. The result is the same: GDP is ~$150M/minute
- kerng 6y agoThat depends where in the world you are!
- ascar 6y agoSimple math says: World GDP (via Google) $80,934,771,028,340 Minutes per year 365 * 24 * 60 = 525,600 Divide and you get 153,985,485