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Trillion in sentence

2031 examples of Trillion in a sentence

In mature markets, infrastructure investment is projected to reach $4 trillion by 2017.
The New Climate Economy report, launched by the United Nations in September, estimates that the investment required over the next 15 years will total $14 trillion.
But the incremental capital costs relative to a high-carbon economy are a smaller $4 trillion, less than a third of 1% of global GDP over that period.
In 2007, global capital flows reached a record high of $12.4 trillion, or 21% of the global economy.
By 2016 the annual total had plummeted to $4.3 trillion, or 6% of the global economy – a lower share than in 1980.
Compared to US manufacturing value added of $2.1 trillion, Mexico’s $50 billion is a paltry sum.
Doubling average household income by 2020 – the target set at the Chinese Communist Party’s 18th Congress in November – is likely to release 64 trillion renminbi ($10.3 trillion) in purchasing power, with China’s huge internal market gradually becoming a new long-term driver of domestic and international growth.
With 90 trillion renminbi in banking assets and $3.2 trillion in foreign-exchange reserves, China is now playing a significant role in global finance.
The GDP derived from the ocean amounts to $2.5 trillion, or 5% of the world’s total GDP.
The 70% drop in the price of a barrel of crude represents a colossal transfer of $3 trillion in annual income from oil producers to oil consumers.
In an era in which stock and housing prices are soaring, the central banks of Japan and China are holding almost two trillion dollars worth of low-interest bonds.
My latest estimates are $3.6 trillion in losses for loans and securities issued by US institutions, and $1 trillion for the rest of the world.
It is said that the International Monetary Fund, which earlier this year revised upward its estimate of bank losses, from $1 trillion to $2.2 trillion, will announce a new estimate of $3.1 trillion for US assets and $0.9 trillion for foreign assets, figures very close to my own.
And it is not just short-term policy rates that are now negative in nominal terms: about $3 trillion of assets in Europe and Japan, at maturities as long as ten years (in the case of Swiss government bonds), now have negative interest rates.
During the 2000-2017 period, the US amassed $9.1 trillion in cumulative current-account deficits.
That is larger than the $8.9 trillion of cumulative surpluses run collectively by the three largest surplus economies – Germany, China, and Japan – over the same period.
Despite privatization, there are roughly 119,000 state-owned enterprises today, with a book value of about $4 trillion.
State-owned land is valued at more than $7 trillion.
The anticipated increase in the fiscal deficit is striking: the central plan discussed by Bush’s Council of Economic Advisers would – according to the Council’s own estimates – increase America’s fiscal deficit by $2 trillion over the next decade.
As Summers well knows, I published a widely cited commentary in The New York Times on November 29, 2008, entitled “A $1 Trillion Answer.”
The direct market impact of this pollution in terms of lower worker productivity, higher health spending, and lower crop yields, could exceed 1% of GDP, or $2.6 trillion, annually by 2060.
By that measure, the global cost of premature deaths caused by outdoor air pollution would reach a staggering $18-25 trillion a year by 2060.
The world’s two largest development banks – the Brazilian Development Bank and the China Development Bank – together manage about $1.5 trillion in assets.
Sovereign wealth funds – the assets of which have swelled from just over $3 trillion in 2007 to more than $7 trillion today – also have a significant influence on global asset markets.
Likewise, monetary authorities have been playing an increasingly active role, with the major central banks’ balance sheets having expanded from about $5.5 trillion in 2005 to $13.9 trillion earlier this year.
But such figures, though large, pale in comparison with the $305 trillion worth of financial assets held by commercial banks, institutional investors, and other private financial institutions and individuals.
In developing countries alone, pension funds, insurance companies, and mutual funds hold assets worth more than $6 trillion, and these assets are growing at an annual rate of 15%.
And the subsequent decision by the European Central Bank to purchase more than €1 trillion ($1.14 trillion) in eurozone governments’ bonds, though correct and necessary, has dimmed confidence further.
According to a recent report on the aftermath of the 2008 crisis, prepared by Better Markets, an advocacy group that pushes for stronger financial reforms, the cost to the US economy of the financial crisis – caused by financial institutions’ reckless risk-taking – amounts to at least $12.8 trillion.
This gives China the unprecedented – for a large trading country – ability to accumulate foreign-exchange reserves (now approaching $3 trillion).
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