Markets
Mapping The Biggest Companies By Market Cap in 60 Countries
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
Ranked: The World’s Top Diamond Mining Countries, by Carats and Value
Who are the leaders in rough diamond production and how much is their diamond output worth?

Ranked: World Diamond Mining By Country, Carat, and Value
Only 22 countries in the world engage in rough diamond production—also known as uncut, raw or natural diamonds—mining for them from deposits within their territories.
This chart, by Sam Parker illustrates the leaders in rough diamond production by weight and value. It uses data from Kimberly Process (an international certification organization) along with estimates by Dr. Ashok Damarupurshad, a precious metals and diamond specialist in South Africa.
Rough Diamond Production, By Weight
Russia takes the top spot as the world’s largest rough diamond producer, mining close to 42 million carats in 2022, well ahead of its peers.
Russia’s large lead over second-place Botswana (24.8 million carats) and third-ranked Canada (16.2 million carats) indicates that the country’s diamond production is circumventing sanctions due to the difficulties in tracing a diamond’s origin.
Here’s a quick breakdown of rough diamond production in the world.
Rank | Country | Rough Diamond Production (Carats) |
---|---|---|
1 | 🇷🇺 Russia | 41,923,910 |
2 | 🇧🇼 Botswana | 24,752,967 |
3 | 🇨🇦 Canada | 16,249,218 |
4 | 🇨🇩 DRC | 9,908,998 |
5 | 🇿🇦 South Africa | 9,660,233 |
6 | 🇦🇴 Angola | 8,763,309 |
7 | 🇿🇼 Zimbabwe | 4,461,450 |
8 | 🇳🇦 Namibia | 2,054,227 |
9 | 🇱🇸 Lesotho | 727,737 |
10 | 🇸🇱 Sierra Leone | 688,970 |
11 | 🇹🇿 Tanzania | 375,533 |
12 | 🇧🇷 Brazil | 158,420 |
13 | 🇬🇳 Guinea | 128,771 |
14 | 🇨🇫 Central African Republic | 118,044 |
15 | 🇬🇾 Guyana | 83,382 |
16 | 🇬🇭 Ghana | 82,500 |
17 | 🇱🇷 Liberia | 52,165 |
18 | 🇨🇮 Cote D'Ivoire | 3,904 |
19 | 🇨🇬 Republic of Congo | 3,534 |
20 | 🇨🇲 Cameroon | 2,431 |
21 | 🇻🇪 Venezuela | 1,665 |
22 | 🇲🇱 Mali | 92 |
Total | 120,201,460 |
Note: South Africa’s figures are estimated.
As with most other resources, (oil, gold, uranium), rough diamond production is distributed unequally. The top 10 rough diamond producing countries by weight account for 99.2% of all rough diamonds mined in 2022.
Diamond Mining, by Country
However, higher carat mined doesn’t necessarily mean better value for the diamond. Other factors like the cut, color, and clarity also influence a diamond’s value.
Here’s a quick breakdown of diamond production by value (USD) in 2022.
Rank | Country | Rough Diamond Value (USD) |
---|---|---|
1 | 🇧🇼 Botswana | $4,975M |
2 | 🇷🇺 Russia | $3,553M |
3 | 🇦🇴 Angola | $1,965M |
4 | 🇨🇦 Canada | $1,877M |
5 | 🇿🇦 South Africa | $1,538M |
6 | 🇳🇦 Namibia | $1,234M |
7 | 🇿🇼 Zimbabwe | $424M |
8 | 🇱🇸 Lesotho | $314M |
9 | 🇸🇱 Sierra Leone | $143M |
10 | 🇹🇿 Tanzania | $110M |
11 | 🇨🇩 DRC | $65M |
12 | 🇧🇷 Brazil | $30M |
13 | 🇱🇷 Liberia | $18M |
14 | 🇨🇫 Central African Republic | $15M |
15 | 🇬🇾 Guyana | $14M |
16 | 🇬🇳 Guinea | $6M |
17 | 🇬🇭 Ghana | $3M |
18 | 🇨🇲 Cameroon | $0.25M |
19 | 🇨🇬 Republic of Congo | $0.20M |
20 | 🇨🇮 Cote D'Ivoire | $0.16M |
21 | 🇻🇪 Venezuela | $0.10M |
22 | 🇲🇱 Mali | $0.06M |
Total | $16,290M |
Note: South Africa’s figures are estimated. Furthermore, numbers have been rounded and may not sum to the total.
Thus, even though Botswana only produced 59% of Russia’s diamond weight in 2022, it had a trade value of nearly $5 billion, approximately 1.5 times higher than Russia’s for the same year.
Another example is Angola, which is ranked 6th in diamond production, but 3rd in diamond value.
Both countries (as well as South Africa, Canada, and Namibia) produce gem-quality rough diamonds versus countries like Russia and the DRC whose diamonds are produced mainly for industrial use.
Which Regions Produce the Most Diamonds in 2022?
Unsurprisingly, Africa is the largest rough diamond producing region, accounting for 51% of output by weight, and 66% by value.
Rank | Region | Share of Rough Diamond Production (%) | Share of Rough Diamond Value (%) |
---|---|---|---|
1 | Africa | 51.4% | 66.4% |
2 | Europe | 34.9% | 32.9% |
3 | North America | 13.5% | 52.8% |
4 | South America | 0.2% | 2.4% |
However diamond mining in Africa is a relatively recent phenomenon, fewer than 200 years old. Diamonds had been discovered—and prized—as far back as 2,000 years ago in India, later on spreading west to Egyptian pharaohs and the Roman Empire.
By the start of the 20th century, diamond production on a large scale took off: first in South Africa, and decades later in other African countries. In fact between 1889–1959, Africa produced 98% of the world’s diamonds.
And in the latter half of the 20th century, the term blood diamond evolved from diamonds mined in African conflict zones used to finance insurgency or crime.
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