Apple’s record value is bigger than all but 19 countries’ GDP

This table proves it

It’s easy to get lost in all the talk of billions and trillions and millions in the news these days.

Unless you happen to own a billion dollars, or are very, very good at visualising quantities on a gigantic scale (this one goes out to all you astrophysicists), it’s easy to be blasé about a number like, say, $710.7bn.

Which happens to be the record-smashing valuation (by market capitalisation) that Apple has just hit, making it the first company in history to surpass the $700bn barrier.

That’s thanks to Apple’s share price rising 1% to around $120 in early trading.

The share price peak follows the news from the end of January that Apple posted the largest quarterly profit in history: some $18bn for the three-month period.

But let’s not gloss over this, because $710.7bn is a lot.

A LOT.

It is, in fact, larger than the annual gross domestic products of every country on earth, bar 19 of them (based on GDP in US dollars, according to International Monetary Fund data for 2014).

Apple’s $710.7bn market cap (i.e. the current market value of its outstanding shares) is just behind the annual GDPs of Indonesia, the Netherlands, Turkey and Saudi Arabia.

Apple comes in higher than the GDPs of Argentina, Sweden, Poland, Belgium and Norway, as you can see in the table below.

How Apple’s market cap compares with countries’ GDP

Here’s the list of the 32 countries with the highest GDP for 2014, in descending order of size, and including Apple’s market cap.

Data source: International Monetary Fund GDP data for 2014

CountryUS $bn 
United States17,416,253
China10,355,350
Japan4,769,804
Germany3,820,464
France2,902,330
United Kingdom2,847,604
Brazil2,244,131
Italy2,129,276
Russia2,057,301
India2,047,811
Canada1,793,797
Australia1,482,539
Korea1,449,494
Spain1,400,483
Mexico1,295,860
Netherlands880,394
Indonesia856,066
Turkey813,316
Saudi Arabia777,870

Apple’s market cap

710,700

Switzerland679,028
Nigeria594,257
Sweden559,113
Poland552,230
Argentina536,155
Belgium527,810
Norway511,602
Taiwan Province of China505,452
Austria436,069
United Arab Emirates416,444
Islamic Republic of Iran402,700
Colombia400,117
Thailand380,491

 

 

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Readers' comments (2)

  • Anonymous

    The headline is misleading.
    I thought for a moment that Apple's iTunes were selling more records that the GDP of all but 19 countries!
    Bo, this was their market value reaching a record figure, not number for heavens sake!

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  • Anonymous



    Quite - this is not a like-for-like comparison. It's like comparing one person's net worth with another person's salary.

    However, it does give some measure of the scale of reckless profiteering that the Apple Corporation has done.

    Think about that next time you consider an iPhone. Also think about the illegal tin mines staffed by children and the human rights abuses in the factories of Apple's suppliers.

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