Connect with us

Automotive

Interactive: Comparing Carmaker Revenue vs. Country GDP

Published

on

Comparing Carmaker Revenue vs. Country GDP

As of July 2022, the global car and manufacturing market was worth about $2.9 trillion.

What companies are currently dominating this massive industry, and how much revenue do they generate on a yearly basis compared to the economic output of countries?

To help put things into perspective, this graphic by Vanarama looks at the revenue of the world’s top carmakers, and compares each company’s revenue to the gross domestic product (GDP) of 196 countries worldwide.

The World’s Largest Carmakers by Revenue

Based on data from CompaniesMarketCap.com, here’s a look at some of the biggest carmakers in the world, and how much revenue they brought in from Q1 2021 to Q1 2022:

RankCarmakerRevenue (Q1 2021 to Q1 2022)Country of origin
1Volkswagen$291 billion🇩🇪 Germany
2Toyota$276 billion🇯🇵 Japan
3Mercedes-Benz$176 billion🇩🇪 Germany
4Ford$136 billion🇺🇸 United States
5BMW$129 billion🇩🇪 Germany
6Honda$127 billion🇯🇵 Japan
7General Motors$127 billion🇺🇸 United States
8SAIC Motor$122 billion🇨🇳 China
9Hyundai$101 billion🇰🇷 South Korea
10Stellantis$101 billion🇳🇱 Netherlands
11Nissan$77 billion🇯🇵 Japan
12Kia$60 billion🇰🇷 South Korea
13Tesla$53 billion🇺🇸 United States
14Renault$52 billion🇫🇷 France
15BYD$33 billion🇨🇳 China
16Suzuki Motor$31 billion🇯🇵 Japan
17Volvo Car$31 billion🇸🇪Sweden
18Mazda$27 billion🇯🇵 Japan
19Subaru$24 billion🇯🇵 Japan
20Isuzu$21 billion🇯🇵 Japan

In first place was German car manufacturer Volkswagen, which generated about $291 billion in revenue between Q1 2022 and Q1 2022—that’s more spending power than 76% of the countries included in the dataset.

In 2021, Volkswagen’s best-selling vehicles were the Tiguan, a mid-size SUV, and the Polo, a compact hatchback. In addition to the Volkswagen brand, the company itself owns a handful of luxury car brands including Audi, Bentley, and Porsche.

Toyota came in second place, with a total of $276 billion in revenue from Q1 2021 to Q1 2022. While the Japanese manufacturer is popular in its country of origin, America is actually its largest market—in 2021, more than 2.3 million Toyota vehicles were sold in the United States, nearly double the amount sold in Japan.

How Important are These Brands to Their Countries’ GDPs?

As this graphic illustrates, these car manufacturers generate billions in revenue each year. Their financial power is so significant, they’ve become big parts of their home countries’ national economies.

But just how important are these brands to their countries of origin? Here’s a look at 20 different carmakers, as a percentage of their country of origin’s GDP:

One carmaker is nearly in the double digits—the revenue from Dutch automobile manufacturer Stellantis is equivalent to approximately 9.95% of the Netherland’s GDP.

Founded in 2021, Stellantis is comprised of 16 different international car brands, including well-known Europeans brands like Vauxhall and Citroen, as well as some American manufacturers like Dodge and Chrysler.

Other countries also have a large combined output from automakers, including Japan (11.91%) and Germany (13.97%).

But it’s important to note that each company’s revenue is not wholly contained in their home country’s GDP. Many major automakers have international subsidiaries for localized production, with revenue falling under those countries’ GDPs.

green check mark icon

This article was published as a part of Visual Capitalist's Creator Program, which features data-driven visuals from some of our favorite Creators around the world.

Click for Comments

Automotive

How People Get Around in America, Europe, and Asia

Examining how people get around using cars, public transit, and walking or biking, and the regional differences in usage.

Published

on

A chart with the popularity of different transportation types in the Americas, Europe, and Asia, calculated by modal share.

How People Get Around in America, Europe, and Asia

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

This chart highlights the popularity of different transportation types in the Americas, Europe, and Asia, calculated by modal share.

Data for this article and visualization is sourced from ‘The ABC of Mobility’, a research paper by Rafael Prieto-Curiel (Complexity Science Hub) and Juan P. Ospina (EAFIT University), accessed through ScienceDirect.

The authors gathered their modal share data through travel surveys, which focused on the primary mode of transportation a person employs for each weekday trip. Information from 800 cities across 61 countries was collected for this study.

North American Car Culture Contrasts with the Rest of the World

In the U.S. and Canada, people heavily rely on cars to get around, no matter the size of the city. There are a few exceptions of course, such as New York, Toronto, and smaller college towns across the United States.

Region🚗 Cars🚌 Public Transport🚶 Walking/Biking
North America*92%5%4%
Central America23%42%35%
South America29%40%31%
Northern Europe48%29%24%
Western Europe43%24%34%
Southern Europe50%24%25%
Eastern Europe35%40%25%
Southeastern Asia44%43%13%
Western Asia43%28%29%
Southern Asia22%39%39%
Eastern Asia19%46%35%
World51%26%22%

Note: *Excluding Mexico. Percentages are rounded.

As a result, North America’s share of public transport and active mobility (walking and biking) is the lowest amongst all surveyed regions by a significant amount.

On the other hand, public transport reigns supreme in South and Central America as well as Southern and Eastern Asia. It ties with cars in Southeastern Asia, and is eclipsed by cars in Western Asia.

As outlined in the paper, Europe sees more city-level differences in transport popularity.

For example, Utrecht, Netherlands prefers walking and biking. People in Paris and London like using their extensive transit systems. And in Manchester and Rome, roughly two out of three journeys are by car.

Continue Reading
Visualizing Asia's Water Dilemma

Subscribe

Popular