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Friday, December 13, 2024

Apple's Market Cap Is More Than The GDP Of 43 Out Of World's 50 Biggest Economies

Despite having big competitors such as Google, Microsoft, Saudi Aramco and many more, in terms of market cap, Apple to date is the first and the only company to hit the $3 trillion market capitalization.

The Tim Cook-led tech giant has achieved this feat not once but twice. After hitting that mark in January last year, Apple again hit the $3 trillion mark this year in June

And that’s not all. If you look at the biggest economies of the world, it turns out that Apple’s market cap is much higher than the majority of the world’s 50 biggest economies.

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Comparing Apple’s Market Cap To GDP Of World’s 50 Biggest Economies

Apple
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Apple currently has a market cap of $2.72 trillion. Looking at the GDPs of the world’s 50 biggest economies, it turns out that only seven countries have a GDP higher than Apple’s current market cap. Currently priced at $173.75, Apple’s shares are up more than 38% this year to date.

Country

Nominal GDP

(2022)

1

United States of America

$25.463 trillion

2

China

$17.963 trillion

3

Japan

$4.231 trillion

4

Germany

$4.072 trillion

5

India

$3.385 trillion

6

United Kingdom

$3.071 trillion

7

France

$2.783 trillion

8

Russia

$2.240 trillion

9

Canada

$2.140 trillion

10

Italy

$2.010 trillion

11

Brazil

$1.920 trillion

12

Australia

$1.675 trillion

13

South Korea

$1.665 trillion

14

Mexico

$1.414 trillion

15

Spain

$1.398 trillion

16

Indonesia

$1.319 trillion

17

Saudi Arabia

$1.108 trillion

18

Netherlands

$991 billion

19

Turkey

$906 billion

20

Switzerland

$808 billion

21

Poland

$688 billion

22

Argentina

$633 billion

23

Sweden

$586 billion

24

Norway

$579 billion

25

Belgium

$579 billion

26

Ireland

$529 billion

27

Israel

$522 billion

28

United Arab Emirates

$508 billion

29

Thailand

$495 billion

30

Nigeria

$477 billion

31

Egypt

$477 billion

32

Austria

$471 billion

33

Singapore

$467 billion

34

Bangladesh

$460 billion

35

Vietnam

$409 billion

36

Malaysia

$406 billion

37

South Africa

$406 billion

38

Philippines

$404 billion

39

Denmark

$395 billion

40

Iran

$389 billion

41

Pakistan

$377 billion

42

Hong Kong

$360 billion

43

Colombia

$344 billion

44

Romania

$301 billion

45

Chile

$301 billion

46

Czech Republic (Czechia)   

$291 billion

47

Finland

$281 billion

48

Iraq

$264 billion

49

Portugal

$252 billion

50

New Zealand

$247 billion

Source: worldbank data

Also Read: Not Apple Or Tesla, This Chinese Company Was World’s First To Hit $1 Trillion Market Cap

apple-market-cap
web screengrab

Other Companies Near Apple’s Market Cap

These are the 10 biggest companies in the world, as per their current market cap:

1 Apple 

$2.72 Trillion

2 Microsoft 

Satya Nadella
getty

$2.39 Trillion

3 Saudi Aramco 

$2.2 Trillion

4 Alphabet 

$1.7 Trillion

5 Amazon

amazon-shares-jeff-bezos-6486d71befa1c
bloomberg

$1.34 Trillion

6 NVIDIA 

$1.11 Trillion

7 Tesla 

How World
getty

$788.38 Billion

8 Meta Platforms 

$789.50 Billion

9 Berkshire Hathaway 

What Lesson Warren Buffett Learnt From Buying His First Stock At The Age of 11
getty

$759.46 Billion

10 Eli Lilly 

$511 Billion

Also Read: How A Lost iPhone Led To Warren Buffett Investing Billions In Apple

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