Analysts compared the GDP of the G20 countries with the capitalization of their largest companies and concluded that the majority of GDP corresponds to companies in South Korea and Argentina, and in Saudi Arabia the capitalization of a key corporation It even exceeded the country’s GDP by 1.7 times: we are talking about the oil and gas industry of the Saudi Aramco company.
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Its capitalization at the beginning of the week amounted to 1,933 trillion dollars, RIA Novosti reports. Far behind in the ranking are the South Korean technology leader Samsung (379.9 billion dollars and 22% of the country’s GDP) and the Argentine commercial giant MercadoLibre (82.7 billion dollars and 14% of the country’s GDP).
It is followed by the French Moët Hennessy Louis Vuitton ($419.4 billion and 13% of the GDP), the American Microsoft ($3,022 billion and 11% of the GDP) and the technology giant Naspers of South Africa ($36.2 billion and 10% of the GDP).
From 6% to 8% of the national GDP are the capitalizations of the Australian group BHP, the Japanese Toyota, the British AstraZeneca, the Canadian Royal Bank of Canada and the Indian Reliance Industries, and the largest companies in other G20 countries do not exceed 5% % of national GDP. GDP of their countries.
On the other hand, analysts point to the Danish pharmaceutical giant Novo Nordisk, since its capitalization also exceeds the country’s GDP ($567.56 billion and 1.4 times more than GDP), but Denmark is not included in the generally accepted G20 .
Author:
Ekaterina Alipova
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
