How many million make up a billion in OZ?

Answer 1

Do you mean in Australia? I think Australia uses 1 billion = 1 million million.

The system used in many countries (like Great Britain, France, and Germany) is different than the U.S. In these countries, a billion (bi meaning two) has twice as many zeros as a million, and a trillion (tri meaning three) has three times as many zeros as a million, etc.

In the U.S.
1 billion = 1 thousand million (1,000,000,000)

In other countries:
1 billion = 1 million million (1,000,000,000,000)

Answer 2

What Puzzling says is certainly what I was taught in school - that 1 billion = 1 million million.

In practice though, almost every time $1 billion is mentioned in the newspapers or on TV it refers to $1,000 million. There are still a few old-fashioned souls like me around, but I would say most Australians understand a billion to be a thousand million, as in the US.

Answer 3

The British billion was discarded around the time of the introduction of Metric measures in Australia in the early 1970's and the accepted billion now is 1 000 000 000.

The old billion is now a trillion (the old trillion was 1 billion billion)

Answer 4

Oz=1000000000000

Answer 5

In the US 1bn is 1000 mn. In the rest of the world it used to be 1mn mn. But now the whole world gives it the US interpretation.

Nevertheless, careful scientists now avoid the word bn (with the possibility of misunderstanding) and say 1000 mn