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Mapping The Biggest Companies By Market Cap in 60 Countries

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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.

CountryCompanyIndustryMarket Cap (August 2021)
USAAppleTechnology$2.5T
Saudi ArabiaSaudi AramcoEnergy$1.9T
TaiwanTSMCTechnology$594.5B
ChinaTencentTechnology$554.0B
South KoreaSamsungTechnology$429.7B
FranceLVMHConsumer Cyclical$414.3B
SwitzerlandRocheHealthcare$350.0B
NetherlandsASMLTechnology$322.6B
JapanToyotaConsumer Cyclical$251.6B
DenmarkNovo NordiskHealthcare$236.7B
IrelandAccentureTechnology$208.2B
IndiaReliance IndustriesEnergy$198.1B
AustraliaBHP GroupMaterials$191.7B
CanadaShopifyTechnology$185.7B
UKAstrazenecaHealthcare$182.0B
GermanySAPTechnology$174.6B
SingaporeSEATechnology$152.3B
Hong KongAIAFinancials$146.4B
BelgiumAnheuser-Busch InbevConsumer Staples$122.7B
SpainInditexConsumer Cyclical$108.3B
BrazilVALEMaterials$103.9B
RussiaSberbankFinancials$96.7B
ItalyEnelUtilities$93.7B
ArgentinaMercadoLibreConsumer Cyclical$89.5B
SwedenAtlas CopcoIndustrials$84.1B
South AfricaNaspersTechnology$74.1B
NorwayEquinorEnergy$67.9B
UAEEtisalatCommunication$58.7B
MexicoWalmexConsumer Staples$58.1B
IndonesiaBank Cental AsiaFinancials$54.8B
KazakhstanKaspi.kzFinancials$49.8B
QatarQNBFinancials$48.2B
FinlandNordea BankFinancials$48.0B
LuxembourgArcelorMittalMaterials$36.3B
AustriaVerbundUtilities$33.7B
ThailandPTT PCLEnergy$30.1B
ColombiaEcopetrolEnergy$26.7B
MalaysiaMaybankFinancials$23.7B
PhilippinesSM InvestmentsConsumer Cyclical$22.9B
KuwaitKuwait Finance HouseFinancials$21.9B
PortugalEDP GroupUtilities$21.0B
VietnamVinhomesReal Estate$17.1B
IsraelNICETechnology$16.9B
KenyaSafaricomCommunication$16.0B
Czech RepublicÄŒEZ GroupEnergy$15.8B
New ZealandXeroTechnology$15.8B
TurkeyQNB FinansbankFinancials$15.8B
HungaryOTP BankFinancials$15.6B
ChileEnel AmericasUtilities$14.3B
MoroccoMaroc TelecomCommunication$13.6B
PolandPKO Bank PolskiFinancials$12.6B
CyprusPolymetalMaterials$10.0B
NigeriaDangote GroupMaterials$10.0B
BahrainAhli United BankFinancials$8.6B
GreeceOTE GroupCommunication$8.4B
PeruCredicorpFinancials$8.0B
EgyptCommercial International BankFinancials$5.9B
IcelandMarelIndustrials$5.8B
OmanBank MuscatFinancials$4.2B
PanamaCopa HoldingsIndustrials$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.

IndustryBiggest Companies by Country
Financials16
Technology12
Energy6
Materials5
Communication4
Consumer Cyclical4
Utilities4
Healthcare3
Industrials3
Consumer Staples2
Real Estate1

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.

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Maps

Mapped: Indian States with Cities Over 1 Million People

Ten Indian states—most of them from the northeast region of the country—don’t have a single city with 1 million residents.

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A cropped map of Indian states and the number of 1 million+ cities in them.

Mapped: Indian States with Cities Over 1 Million People

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.

Slightly more than one-third of the 1.4 billion Indian population lives in an urban area. So where are the country’s most populous cities, and how are they spread across the country’s 28 states and eight union territories?

This map shows the number of Indian urban agglomerations (cities) with more than a million residents in each jurisdiction. Data for this graphic is sourced from 2024 urban agglomeration estimates in the UN World Urbanization Prospects.

Ranked: Indian States by Cities with 1M Residents

India’s Uttar Pradesh state has 10 cities with a population size of 1 million or more. It is also India’s most populous state, home to 240 million people. This makes it comparable to the size of Pakistan, the fifth most populous country in the world.

Indian StateCities with 1M Residents (2024)City Names
Uttar Pradesh10Lucknow, Kanpur, Agra, Meerut,
Varanasi, Prayagraj,
Bareilly, Aligarh,
Moradabad, Saharanpur
Kerala7Kozhikode,
Malappuram,
Thrissur, Kochi,
Thiruvananthapura,
Kannur, Kollam
Maharashtra6Mumbai, Pune,
Nagpur, Nashik,
Aurangabad, Solapur
Tamil Nadu6Chennai, Coimbatore,
Madurai, Tiruppur,
Tiruchirappalli, Salem
Gujarat4Ahmedabad, Surat,
Vadodara, Rajkot
Madhya Pradesh4Indore, Bhopal,
Jabalpur, Gwalior
Jharkhand3Jamshedpur, Ranchi,
Dhanbad
Karnataka3Bengaluru, Mysore,
Hubli-Dharwad
Punjab3Ludhiana, Amritsar,
Jalandhar
Rajasthan3Jaipur, Jodhpur, Kota
West Bengal3Kolkata, Asansol, Siliguri
Andhra Pradesh2Visakhapatnam,
Vijayawada
Chhattisgarh2Raipur, Durg-Bhilainagar
Telangana2Hyderabad, Warangal
Assam1Guwahati
Bihar1Patna
Odisha1Bhubaneswar
Uttarakhand1Dehradun
Chandigarh*1Chandigargh
Delhi*1New Delhi
Jammu & Kashmir*1Srinagar

*Union Territories. Figures rounded. Some city names may have changed since this data was published.

Further south, Kerala (7), Maharashtra (6), and Tamil Nadu (6) also have more than five cities with a million or more people.

Meanwhile, some cities, including India’s national capital, New Delhi, are either in or are themselves union territories—areas directly administered by the central government.

Ten Indian states—most of them from the country’s northeast region—don’t have a single city with 1 million residents.

All together, India has 65 cities with more than one million inhabitants. For comparison, China has 105, and the U.S. has nine.

RankCityState/Union Territory2024 Population
Estimates
1New DelhiDelhi*34M
2MumbaiMaharashtra22M
3KolkataWest Bengal16M
4BengaluruKarnataka14M
5ChennaiTamil Nadu12M
6HyderabadTelangana11M
7AhmadabadGujarat9M
8SuratGujarat8M
9PuneMaharashtra7M
10JaipurRajasthan4M
11KozhikodeKerala4M
12MalappuramKerala4M
13LucknowUttar Pradesh4M
14ThrissurKerala4M
15KochiKerala4M
16IndoreMadhya Pradesh3M
17KanpurUttar Pradesh3M
18NagpurMaharashtra3M
19CoimbatoreTamil Nadu3M
20ThiruvananthapuramKerala3M
21PatnaBihar3M
22BhopalMadhya Pradesh3M
23AgraUttar Pradesh3M
24KannurKerala2M
25VisakhapatnamAndhra Pradesh2M
26VadodaraGujarat2M
27NashikMaharashtra2M
28VijayawadaAndhra Pradesh2M
29KollamKerala2M
30RajkotGujarat2M
31LudhianaPunjab2M
32MaduraiTamil Nadu2M
33RaipurChhattisgarh2M
34MeerutUttar Pradesh2M
35VaranasiUttar Pradesh2M
36SrinagarJammu & Kashmir*2M
37TiruppurTamil Nadu2M
38JamshedpurJharkhand2M
39AurangabadMaharashtra2M
40JodhpurRajasthan2M
41RanchiJharkhand2M
42KotaRajasthan2M
43JabalpurMadhya Pradesh2M
44AsansolWest Bengal2M
45GwaliorMadhya Pradesh2M
46AllahabadUttar Pradesh2M
47AmritsarPunjab1M
48DhanbadJharkhand1M
49BareillyUttar Pradesh1M
50AligarhUttar Pradesh1M
51MoradabadUttar Pradesh1M
52MysoreKarnataka1M
53Durg-BhilainagarChhattisgarh1M
54BhubaneswarOdisha1M
55TiruchirappalliTamil Nadu1M
56ChandigarhChandigarh*1M
57SaharanpurUttar Pradesh1M
58Hubli-DharwadKarnataka1M
59GuwahatiAssam1M
60SalemTamil Nadu1M
61SiliguriWest Bengal1M
62JalandharPunjab1M
63SolapurMaharashtra1M
64WarangalTelangana1M
65DehradunUttarakhand1M

*Union Territories. Figures rounded. Some city names may have changed since this data was published.

Interestingly, three of the five most populous Indian cities (Mumbai, Kolkata, and Chennai) were villages that became key British trading outposts. As a result all three cities have a fort within their city limits which acted as protection against competing colonial interests at the time.

Finally, Uttar Pradesh—which leads the states by number of cities with 1M people—doesn’t have a single metropolis within the top 10.

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