Economy
Mapping The Biggest Companies By Market Cap in 60 Countries
View the full-size version of this infographic
The Biggest Companies By Market Cap in 60 Countries
Tech giants are increasingly making up more of the Fortune 500, but the world’s biggest companies by market cap aren’t so cut and dry.
Despite accounting for the largest market caps worldwide—with trillion-dollar companies like Apple and contenders including Tencent and Samsung—tech wealth is largely concentrated in just a handful of countries.
So what are the biggest companies in each country? We mapped the largest company by market cap across 60 countries in August 2021 using market data from CompaniesMarketCap, TradingView, and MarketScreener.
What are the Largest Companies in the World?
The world has 60+ stock exchanges, and each one has a top company. We looked at the largest local company, since many of the world’s largest firms trade on multiple exchanges, and converted market cap to USD.
Country | Company | Industry | Market Cap (August 2021) |
---|---|---|---|
USA | Apple | Technology | $2.5T |
Saudi Arabia | Saudi Aramco | Energy | $1.9T |
Taiwan | TSMC | Technology | $594.5B |
China | Tencent | Technology | $554.0B |
South Korea | Samsung | Technology | $429.7B |
France | LVMH | Consumer Cyclical | $414.3B |
Switzerland | Roche | Healthcare | $350.0B |
Netherlands | ASML | Technology | $322.6B |
Japan | Toyota | Consumer Cyclical | $251.6B |
Denmark | Novo Nordisk | Healthcare | $236.7B |
Ireland | Accenture | Technology | $208.2B |
India | Reliance Industries | Energy | $198.1B |
Australia | BHP Group | Materials | $191.7B |
Canada | Shopify | Technology | $185.7B |
UK | Astrazeneca | Healthcare | $182.0B |
Germany | SAP | Technology | $174.6B |
Singapore | SEA | Technology | $152.3B |
Hong Kong | AIA | Financials | $146.4B |
Belgium | Anheuser-Busch Inbev | Consumer Staples | $122.7B |
Spain | Inditex | Consumer Cyclical | $108.3B |
Brazil | VALE | Materials | $103.9B |
Russia | Sberbank | Financials | $96.7B |
Italy | Enel | Utilities | $93.7B |
Argentina | MercadoLibre | Consumer Cyclical | $89.5B |
Sweden | Atlas Copco | Industrials | $84.1B |
South Africa | Naspers | Technology | $74.1B |
Norway | Equinor | Energy | $67.9B |
UAE | Etisalat | Communication | $58.7B |
Mexico | Walmex | Consumer Staples | $58.1B |
Indonesia | Bank Cental Asia | Financials | $54.8B |
Kazakhstan | Kaspi.kz | Financials | $49.8B |
Qatar | QNB | Financials | $48.2B |
Finland | Nordea Bank | Financials | $48.0B |
Luxembourg | ArcelorMittal | Materials | $36.3B |
Austria | Verbund | Utilities | $33.7B |
Thailand | PTT PCL | Energy | $30.1B |
Colombia | Ecopetrol | Energy | $26.7B |
Malaysia | Maybank | Financials | $23.7B |
Philippines | SM Investments | Consumer Cyclical | $22.9B |
Kuwait | Kuwait Finance House | Financials | $21.9B |
Portugal | EDP Group | Utilities | $21.0B |
Vietnam | Vinhomes | Real Estate | $17.1B |
Israel | NICE | Technology | $16.9B |
Kenya | Safaricom | Communication | $16.0B |
Czech Republic | ÄŒEZ Group | Energy | $15.8B |
New Zealand | Xero | Technology | $15.8B |
Turkey | QNB Finansbank | Financials | $15.8B |
Hungary | OTP Bank | Financials | $15.6B |
Chile | Enel Americas | Utilities | $14.3B |
Morocco | Maroc Telecom | Communication | $13.6B |
Poland | PKO Bank Polski | Financials | $12.6B |
Cyprus | Polymetal | Materials | $10.0B |
Nigeria | Dangote Group | Materials | $10.0B |
Bahrain | Ahli United Bank | Financials | $8.6B |
Greece | OTE Group | Communication | $8.4B |
Peru | Credicorp | Financials | $8.0B |
Egypt | Commercial International Bank | Financials | $5.9B |
Iceland | Marel | Industrials | $5.8B |
Oman | Bank Muscat | Financials | $4.2B |
Panama | Copa Holdings | Industrials | $3.1B |
Many are former monopolies or massive conglomerates that have grown in the public space, such as South Africa’s Naspers and India’s Reliance Industries.
Others are local subsidiaries of foreign corporations, including Mexico’s Walmex, Chile’s Enel and Turkey’s QNB Finansbank.
But even more noticeable is the economic discrepancy. Apple and Saudi Aramco are worth trillions of dollars, while the smallest companies we tracked—including Panama’s Copa Group and Oman’s Bank Muscat—are worth less than $5 billion.
Finance and Tech Dominate The Biggest Companies By Market Cap
Across the board, the largest companies were able to accumulate wealth and value.
Some are newer to the top thanks to recent success. Canada’s Shopify has become one of the world’s largest e-commerce providers, and the UK’s AstraZeneca developed one of the world’s COVID-19 vaccines.
But the reality is most companies here are old guards that grew on existing resources, or in the case of banks, accumulated wealth.
Industry | Biggest Companies by Country |
---|---|
Financials | 16 |
Technology | 12 |
Energy | 6 |
Materials | 5 |
Communication | 4 |
Consumer Cyclical | 4 |
Utilities | 4 |
Healthcare | 3 |
Industrials | 3 |
Consumer Staples | 2 |
Real Estate | 1 |
Banks were the most commonly found at the top of each country’s stock market. Closely behind were oil and gas giants, mining companies, and former state-owned corporations that drove most of a country’s wealth generation.
But as more economies develop and catch up to Western economies (where tech is dominant), newer innovative companies will likely put up a fight for each country’s top company crown.
Markets
Confidence in the Global Economy, by Country
Will the global economy be stronger in 2024 than in 2023?
Confidence in the Global Economy, by Country
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.
Measuring consumer confidence in the economy is crucial for understanding both current economic strength, as well as how consumers may be expected to act in the future.
So how do people around the world feel about the global economy?
This visualization uses survey data collected from October 20 to November 3, 2023 by Ipsos. It was first highlighted as part of our 2024 Global Forecast Series.
Which Countries Feel Confident About the Economy in 2024?
Heading into 2024, an average of 50% of polled adults felt confident that the global economy would be stronger than in 2023. But breaking down responses by country shows a vast disparity between responses.
Here are the percentage of respondents who agreed with the following statement: “The global economy will be stronger in 2024 than it was in 2023.” We also note the change in percentage points (p.p.) compared with the same question a year prior.
Country | Agree | Change (Year-over-year) |
---|---|---|
🇮🇳 India | 85% | +12 p.p. |
🇮🇩 Indonesia | 82% | +14 p.p. |
🇨🇳 China | 82% | +4 p.p. |
🇵🇭 Philippines | 74% | N/A |
🇹🇭 Thailand | 68% | +4 p.p. |
🇲🇾 Malaysia | 62% | +8 p.p. |
🇲🇽 Mexico | 62% | +6 p.p. |
🇧🇷 Brazil | 60% | -13 p.p. |
🇸🇬 Singapore | 59% | +4 p.p. |
🇵🇱 Poland | 56% | +20 p.p. |
🇳🇿 New Zealand | 56% | N/A |
🇨🇴 Colombia | 54% | +5 p.p. |
🇨🇱 Chile | 51% | +8 p.p. |
🇵🇪 Peru | 51% | -3 p.p. |
🇦🇷 Argentina | 51% | +3 p.p. |
🇿🇦 South Africa | 49% | +2 p.p. |
🇦🇺 Australia | 48% | +7 p.p. |
🇭🇺 Hungary | 46% | +15 p.p. |
🇷🇴 Romania | 45% | +8 p.p. |
🇺🇸 United States | 45% | +3 p.p. |
🇪🇸 Spain | 44% | +8 p.p. |
🇳🇱 Netherlands | 44% | +12 p.p. |
🇹🇷 Türkiye | 43% | 0 p.p. |
🇬🇧 Great Britain | 43% | +11 p.p. |
🇨🇭 Switzerland | 43% | +8 p.p. |
🇮🇹 Italy | 40% | +8 p.p. |
🇩🇪 Germany | 40% | +3 p.p. |
🇨🇦 Canada | 39% | +2 p.p. |
🇸🇪 Sweden | 34% | +1 p.p. |
🇫🇷 France | 33% | +4 p.p. |
🇰🇷 South Korea | 33% | -5 p.p. |
🇵🇹 Portugal | 33% | N/A |
🇯🇵 Japan | 30% | 0 p.p. |
🌍 Global average | 50% | +4 p.p. |
At the top, India, Indonesia, and China stood as being the most confident about 2024’s economic prospects. 85% of Indian respondents agreed that the global economy will be stronger in 2024 than in 2023, while 82% of Chinese and Indonesian respondents felt the same.
Regional disparities also become evident, with Asian countries making up the top five most confident countries and seven out of the top nine. In fact, South Korea and Japan were the only Asian countries surveyed that were not feeling confident, with Japanese respondents being the least confident (30%) and South Koreans tied for the second-least confident (33%).
Countries in South America ranged from Brazil having a high of 60% of respondents agree with 2024 being stronger than 2023 to Chile having a “low” of 51%. North American countries were more split, with Mexico feeling more confident and Canada feeling less confident.
Lastly, Europe stood out as being the least confident in the global economy in 2024. Only Poland (56%) had more than 50% agree that this year would be better than the last, while major economies like Germany (40%) and France (33%) sat closer to the bottom of the table.
-
Money6 days ago
Visualizing All of the U.S. Currency in Circulation
-
Money2 weeks ago
Wealth Needed to Join the Top 1%, by Country
-
Stocks2 weeks ago
Ranked: South Korea’s Largest Companies by Market Capitalization
-
VC+2 weeks ago
What’s New on VC+ in March?
-
Markets2 weeks ago
Confidence in the Global Economy, by Country
-
Wealth1 week ago
Mapped: Where Do the Wealthiest People in the World Live?
-
Misc1 week ago
Ranked: Global Airlines with the Most Plane Crashes
-
Technology1 week ago
Visualizing iPhone 15 Production by Manufacturer in 2023