RS Components has analysed 2019 market capitalisation data across hundreds of companies to reveal the biggest business in every country, with findings pointing that car maker Automobile Dacia is Romania’s biggest company.
The United Kingdom’s most lucrative company is HSBC Holdings with a market cap of $175 billion, while America’s most lucrative company is the multinational tech company, Apple with a market cap of $961 billion, the 6th highest-grossing company in the world.
In Europe, the Oil and Gas sector is leading the way as the highest-grossing industry with companies such as Enel (Italy), OMV Group (Austria) and EDP-Energias (Portugal) taking the crown.
The era of tech may be upon us, but according to our data, most of the analysed countries (40) have their biggest company in the Banking and Finance sector. A few of these key Banking and Finance companies include HSBC Holdings in the UK, which had a market cap of over $175 billion in 2019, and state-owned Sberbank in Russia which, although founded almost thirty years ago, still dominates in the country. A couple of other key countries with Banking and Finance leading the way include Accenture in Ireland, RBC in Canada, and Westpac Banking Corporation in New Zealand.
The Oil, Gas and Energy sector is also a big player on the world’s business stage, with over 20 countries having a biggest company in that industry. The most famous of which is probably Royal Dutch Shell which generated over $380 billion in sales last year and currently has a market cap of over $264 billion. Other countries with Oil, Gas and Energy leading the way include Italy with Enel, Norway with Equinor, and India with Reliance Industries.
When looking at the world’s mega companies, it’s usually tech or retail that dominates, with the likes of Apple, Microsoft and Amazon at the forefront. But when broken down by country, only 11 of the biggest companies are in the tech industry, including the likes of SAP (Systems, Applications & Products in Data Processing) in Germany and Nokia in Finland.