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Trillion in sentence

2031 examples of Trillion in a sentence

While SWFs account for only about $100 billion worth of FDI, the 49 largest non-financial SOEs control roughly $1.8 trillion in foreign assets.
Of these, the 29 that are headquartered in emerging markets control total foreign assets worth $400 billion, compared to roughly $1.4 trillion for the 20 headquartered in developed countries.
The estimated $2.6 trillion that they earn annually exceeds the GDP of the United Kingdom, the world’s sixth-largest economy.
The answer is easy: relative to gross national income of almost $19 trillion, ODA spending by the US amounted to just 0.18% of GNI – roughly a quarter of the global target of 0.7% of GDP.
While the US accounts for only 4.5% of the world’s population, its consumers spend $10.3 trillion annually – by far the most in the world.
A Crisis in Full FlightMUNICH – For a while, it looked as if the European Central Bank’s €1 trillion credit program to pump liquidity into Europe’s banking system had calmed global financial markets.
Struggling with a crisis that is shaking the foundations of capitalism and the American way of life, and laden with a $10 trillion national debt and a $1 trillion budget deficit, the United States is bound to opt for a realistic foreign policy, one that departs from the haughty disregard for history, tradition, and religion that characterized the Bush administration.
Europe’s banking system already has more than €1 trillion in capital.
Yet the GBA contributes $1.5 trillion to China’s GDP – a total of 12% – and accounts for 37% of the country’s total exports.
This includes more than 100 of the world’s largest companies, with total annual revenues of some $7 trillion.
The natural instinct of many is still, as in the past, to look at the American economy, towering over the rest of the world with its $14 trillion GDP, as the engine of global recovery.
The most worrisome sign, though, is America’s rising public debt – now at 95% of GDP and, even according to the official General Accounting Office’s conservative estimate, set to soar to $18.4 trillion by 2018.
Research commissioned by my think tank, Copenhagen Consensus, finds that completing the Doha Round of global free-trade talks – a prospect that still seemed possible just a few years ago, but is now almost unimaginable – would reduce the number of people living in poverty by 145 million in 15 years and make the world $11 trillion richer.
Even if one-fifth of these benefits were eroded by the costs of redistribution, this would still amount to $9 trillion in benefits to humanity.
But ignoring $9 trillion of benefits because of damages worth $2 trillion makes no sense at all.
Even if it replaced all of the means-tested programs for the poor other than the health programs, its net cost would exceed $1.5 trillion a year, or more than 9% of GDP.
Emerging and developing economies now lend nearly $7.5 trillion to the US Treasury – resources that could be used to fund badly needed infrastructure projects.
A report released in August by the Global Commission on the Economy and Climate, of which I am a member, found that if the world moved toward a low-carbon economy – for example, by phasing out fossil-fuel subsidies, halting deforestation, and putting more electric vehicles on the road – $26 trillion could be added to the global economy by 2030.
Adding insult to injury, the $1.1 trillion appropriations bill for federal-government operations agreed last month by the US Congress does not include any money to recapitalize the IMF, the main instrument of international monetary cooperation.
In the two decades that followed, America’s debt usually was around $3 trillion, rising or falling with the exchange rate of the dollar.
Public debt includes not only the federal government’s current $13.2 trillion, but another $3 trillion owed by America’s states, counties, and cities.
In addition, there is the $3.9 trillion in debt owed by America’s government-backed housing-finance agencies (Fannie Mae, Freddie Mac, and others), which currently underwrite more than 90% of all US mortgages.
Foreigners currently own about 30% of all US Treasury securities, with the latest official data putting Chinese ownership at $1.15 trillion in June 2017 – fully 19% of total foreign holdings and slightly higher than Japan’s $1.09 trillion.
The annual growth rate of China’s $7.5 trillion economy decelerated to 7.6% in the second quarter, from 8.1% in January-March – hardly a cause for panic.
And it would cost $1 trillion a year or more – an incredibly expensive way to make no meaningful difference to a potential increase in flooding and droughts at the end of the century.
Our priorities seem skewed when climate policies promising a miniscule temperature impact will cost $1 trillion a year, while the World Food Program’s budget is 169 times lower, at $5.9 billion.
This would be worth nearly $3 trillion in social good, implying an enormous return of $34 for every dollar spent.
In the eurozone, mutualization was realized through generous ESM bailouts and some €1 trillion ($1.27 trillion) worth of TARGET2 credit from national printing presses for the crisis-stricken countries.
But that privilege can erode the country’s fiscal discipline, as it has in recent years, resulting in high federal deficits ($833 billion, or 4.2% of GDP, in2018) and growing federal debt ($21 trillion, or 104% of GDP, as of March).
That is our roughly $80 trillion of annual global income today.
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