These Fortune 500 companies are bigger than most national economies—here’s where they’d rank as countries
The Fortune 500, now in its 72nd year, tracks the biggest U.S. companies by revenue. Each year, companies are ranked by how much they’ve made (or lost) and by how their market caps and bottom lines rank within their cohorts. Some of the largest F500 companies have revenues that dwarf the GDPs of most of the world’s economies. Take, for example, Nvidia, which would be considered the world’s fourth-largest economy were it a country. Nvidia is worth more than Japan. Apple exceeds India. Amazon’s market value tops Brazil’s entire annual economic output. A Fortune analysis of Fortune 500 market capitalizations (using data from the end of March) against World Bank GDP data finds that nine U.S. companies now carry market values larger than all but a handful of the world’s national economies—and a tenth is close behind. The comparison uses market capitalization—the total value of a company’s outstanding shares—set against 2024 GDP figures in current U.S. dollars from the World Bank. The two metrics measure different things: GDP reflects the annual value of goods and services a country produces, while market cap reflects what investors collectively believe a company is worth. But placed side by side, the numbers illuminate just how concentrated corporate value has become at the top of the American market. Here is where each company would rank if it were a country: United States (GDP): $28,750,956M China (GDP): $18,743,803M Germany (GDP): $4,685,593M Nvidia (market cap): $4,237,920M Japan (GDP): $4,027,598M Apple (market cap): $3,725,927M India (GDP): $3,909,892M Alphabet (market cap): $3,478,613M United Kingdom (GDP): $3,686,033M France (GDP): $3,160,443M Microsoft (market cap): $2,748,745M Italy (GDP): $2,380,825M Canada (GDP): $2,243,637M Amazon (market cap): $2,235,762M Brazil (GDP): $2,185,822M Russia (GDP): $2,173,836M South Korea (GDP): $1,875,388M Mexico (GDP): $1,856,366M Australia (GDP): $1,757,022M Spain (GDP): $1,725,672M