5 ms·
Feel obliged to point out this is misleading / not especially relevant: GDP is the value of the annual output of a country, while market capitalization is the (
by boyd 3y ago
Feel obliged to point out this is misleading / not especially relevant: GDP is the value of the annual output of a country, while market capitalization is the (discounted) value of all future cash flows of a company. LVMH is ~0.5T market cap French company, but it’s nowhere near 1/6th of French economic output.
This is a lot like the recent “Novo Nordisk’s market cap is greater than the GDP of Denmark!” comparisons — true, but they’re not like numbers (and indeed, much of Novo Nordisk’s revenue is captured in Danish GDP).
- alberth 3y agoHere's another comparison: # of Amazon employees: 1.7M # of working people in France: 30M https://en.wikipedia.org/wiki/Amazon_(company) https://en.wikipedia.org/wiki/Amazon_(company) https://tradingeconomics.com/france/employment-rate https://tradingeconomics.com/france/employment-rate