Friday, April 3, 2009

G20: How many coffees will $1.1 trillion get you?

And so the G20 has come and gone, and much to my surprise, they actually came to an agreement on what should be done. The result of the media-circus-cum-summit was the announcement of a series of measures that will cost in the region of $1.1 trillion dollars (approximately £681bn).

But that to me is just a number. So here is my way of putting this immense sum of money into perspective.

$1.1 trillion dollars (approx. £681bn) would enable the bailout of the disgraced AIG insurance company no less than 12 times, but in the real world would buy you:

853 Wembley Stadiums (£798m)
26,000 Wayne Rooney’s (Man. Utd paid £25.6m in 2004)
681,000 Aston Martin One-77 (world’s first £1m car)
400,000,000 Tata Nano’s (world’s cheapest car: $2,500)
11,350,000,000 youth return trips on the Eurostar (£60)

But this still doesn’t reflect real everyday purchases, so how many espressos (€1) will that get you? The answer:

756,666,666,667. That is 3 espressos a day for every Frenchman for an incredible (and caffeine-induced) 11.5 years!

Wow.

That is a lot of money, but will it be well spent? I guess only time will tell…

Calculated using the exchange rates: $1 = £1.46 and €1 = £0.90 (correct at time of writing)