It’s no secret that tech giants have exploded in value over the last few years, but, as Visual Capitalist’s Omri Wallach notes, the scale can be hard to comprehend.
Through wide-scaling market penetration, smart diversification, and the transformation of products into services, Apple, Microsoft, Amazon, and Google have reached market capitalizations well above $1.5 trillion.
To help us better understand these staggering numbers, a recent study at Mackeeper took the market capitalization of multiple tech giants and compared them with the annual Gross Domestic Product (GDP) of countries.
Editor’s note: While these numbers are interesting to compare, it’s worth noting that they represent different things. Market cap is the total value of shares outstanding in a publicly-traded company and gives an indication of total valuation, and GDP measures the value of all goods and services produced by a country in an entire year.
Companies vs. Countries: Tech Giants
If Apple’s market capitalization was equal to a country’s annual GDP, it might just be in the G7.
At a market cap of more than $2.1 trillion, Apple’s market capitalization is larger than 96% of country GDPs, a list that includes Italy, Brazil, Canada, and Russia.
In fact, only seven countries in the world have a higher GDP than Apple’s market cap.
Further back is Microsoft, which would be the 10th richest country in the world if market cap was equivalent to GDP.
With a market cap of more than $1.9 trillion, Microsoft’s value is larger than the GDP of global powerhouses Brazil, Canada, Russia, and South Korea.
Though all of the tech giants fared well during the COVID-19 pandemic, perhaps none have stood to benefit as much as Amazon.
With online retail and web services both in high demand, Amazon’s market cap has grown to $1.7 trillion, larger than 92% of country GDPs.
Other Companies “Bigger” Than Countries
Tech giants aren’t the only companies that would give countries a run for their money.
Market cap data as of June 13, 2021
Saudi Arabia’s state-owned corporation Saudi Aramco also makes the list,