Recently, Fortune Magazine published its list of the Global 500. Based on the popularity of last year’s blog post, I’ve decided to update the Top 175 Global Economic Entities annually. Using 2010 data, the list below includes the world’s largest economic entities as measured by Gross Domestic Product (Source: World Bank, 1 July 2011) and Total Revenue (Source: Fortune Magazine, 25 July 2011).
| Rank | Entity | $US Millions | ||
| 1 | United States | $14,582,400 | ||
| 2 | Eurozone | $12,174,523 | ||
| 3 | China | $5,878,629 | ||
| 4 | Japan | $5,497,813 | ||
| 5 | Germany | $3,309,669 | ||
| 6 | France | $2,560,002 | ||
| 7 | United Kingdom | $2,246,079 | ||
| 8 | Brazil | $2,087,890 | ||
| 9 | Italy | $2,051,412 | ||
| 10 | India | $1,729,010 | ||
| 11 | Canada | $1,574,052 | ||
| 12 | Russia | $1,479,819 | ||
| 13 | Spain | $1,407,405 | ||
| 14 | Mexico | $1,039,662 | ||
| 15 | South Korea | $1,014,483 | ||
| 16 | Australia | $924,843 | ||
| 17 | Netherlands | $783,413 | ||
| 18 | Turkey | $735,264 | ||
| 19 | Indonesia | $706,558 | ||
| 20 | Switzerland | $523,772 | ||
| 21 | Poland | $468,585 | ||
| 22 | Belgium | $467,472 | ||
| 23 | Sweden | $458,004 | ||
| 24 | Wal-Mart Stores | $421,849 | ||
| 25 | Norway | $414,462 | ||
| 26 | Venezuela | $387,852 | ||
| 27 | Royal Dutch Shell | $378,152 | ||
| 28 | Austria | $376,162 | ||
| 29 | Saudi Arabia | $375,766 | ||
| 30 | Argentina | $368,712 | ||
| 31 | South Africa | $363,704 | ||
| 32 | Exxon Mobile | $354,674 | ||
| 33 | Iran | $331,015 | ||
| 34 | Thailand | $318,847 | ||
| 35 | Denmark | $310,405 | ||
| 36 | British Petroleum | $308,928 | ||
| 37 | Greece | $304,865 | ||
| 38 | Columbia | $288,189 | ||
| 39 | Sinopec Group | $273,422 | ||
| 40 | China National Petroleum | $240,192 | ||
| 41 | Finland | $238,801 | ||
| 42 | Malaysia | $237,804 | ||
| 43 | United Arab Emirates | $230,252 | ||
| 44 | Portugal | $228,538 | ||
| 45 | State Grid | $226,294 | ||
| 46 | Hong Kong | $224,458 | ||
| 47 | Singapore | $222,699 | ||
| 48 | Toyota Motor | $221,760 | ||
| 49 | Egypt | $218,912 | ||
| 50 | Israel | $217,334 | ||
| 51 | Japan Post Holdings | $203,958 | ||
| 52 | Ireland | $203,892 | ||
| 53 | Chile | $203,443 | ||
| 54 | Philippines | $199,589 | ||
| 55 | Chevron | $196,337 | ||
| 56 | Nigeria | $193,669 | ||
| 57 | Czech Republic | $192,152 | ||
| 58 | Total | $186,055 | ||
| 59 | ConocoPhillips | $184,966 | ||
| 60 | Pakistan | $174,799 | ||
| 61 | Volkswagen | $168,041 | ||
| 62 | AXA | $162,236 | ||
| 63 | Romania | $161,624 | ||
| 64 | Algeria | $159,426 | ||
| 65 | Peru | $153,845 | ||
| 66 | Fannie Mae | $153,825 | ||
| 67 | General Electric | $151,628 | ||
| 68 | Kuwait | $148,024 | ||
| 69 | ING Group | $147,052 | ||
| 70 | Glencore International | $144,978 | ||
| 71 | Kazakhstan | $142,987 | ||
| 72 | Ukraine | $137,929 | ||
| 73 | Berkshire Hathaway | $136,185 | ||
| 74 | General Motors | $135,185 | ||
| 75 | Bank of America Corporation | $134,194 | ||
| 76 | Samsung Electronics | $133,781 | ||
| 77 | ENI | $131,756 | ||
| 78 | Hungary | $130,419 | ||
| 79 | Daimler | $129,481 | ||
| 80 | Ford Motor | $128,954 | ||
| 81 | BNP Paribus | $128,726 | ||
| 82 | Allianz | $127,379 | ||
| 83 | New Zealand | $126,679 | ||
| 84 | Hewlett-Packard | $126,033 | ||
| 85 | E.ON | $125,064 | ||
| 86 | AT&T | $124,629 | ||
| 87 | Nippon Telegraph & Telephone | $120,316 | ||
| 88 | Carrefour | $120,297 | ||
| 89 | Assicurazioni Generali | $120,234 | ||
| 90 | Petrobrás | $120,052 | ||
| 91 | Gazprom | $118,657 | ||
| 92 | J.P. Morgan Chase & Co. | $115,475 | ||
| 93 | McKesson | $112,084 | ||
| 94 | GDF Suez | $111,888 | ||
| 95 | Citigroup | $111,055 | ||
| 96 | Hitachi | $108,766 | ||
| 97 | Verizon Communications | $106,565 | ||
| 98 | Nestlé | $105,267 | ||
| 99 | Crédit Agricole | $105,003 | ||
| 100 | American International Group | $104,417 | ||
| 101 | Honda Motor | $104,342 | ||
| 102 | Vietnam | $103,572 | ||
| 103 | HSBC Holdings | $102,680 | ||
| 104 | Siemens | $102,657 | ||
| 105 | Nissan Motor | $102,430 | ||
| 106 | Pemex | $101,506 | ||
| 107 | Panasonic | $101,491 | ||
| 108 | Banco Santander | $100,350 | ||
| 109 | Bangladesh | $100,076 | ||
| 110 | International Business Machine | $99,870 | ||
| 111 | Cardinal Health | $98,602 | ||
| 112 | Freddie Mac | $98,368 | ||
| 113 | Qatar | $98,313 | ||
| 114 | Hyundai Motor | $97,408 | ||
| 115 | Enel | $97,185 | ||
| 116 | CVS Caremark | $96,413 | ||
| 117 | JX Holdings | $95,964 | ||
| 118 | Lloyds Banking Group | $95,682 | ||
| 119 | Hon Hai Precision Industry | $95,191 | ||
| 120 | Tesco | $94,185 | ||
| 121 | UnitedHealth Group | $94,155 | ||
| 122 | Wells Fargo | $93,249 | ||
| 123 | Morocco | $91,196 | ||
| 124 | Aviva | $90,211 | ||
| 126 | Metro | $89,081 | ||
| 125 | Slovakia | $89,034 | ||
| 127 | PDVSA | $88,361 | ||
| 128 | Statoil | $87,646 | ||
| 129 | Électricité de France | $86,309 | ||
| 130 | Lukoil | $86,078 | ||
| 131 | Valero Energy | $86,034 | ||
| 132 | BASF | $84,597 | ||
| 133 | Angola | $84,391 | ||
| 134 | Société Générale | $84,350 | ||
| 135 | Sony | $83,845 | ||
| 136 | ArcelorMittal | $83,443 | ||
| 137 | Deutsche Telekom | $82,674 | ||
| 138 | Kroger | $82,189 | ||
| 139 | Iraq | $82,150 | ||
| 140 | Telefónica | $80,444 | ||
| 141 | BMW | $80,099 | ||
| 142 | Procter & Gamble | $79,689 | ||
| 143 | Nippon Life Insurance | $78,571 | ||
| 144 | SK Holdings | $78,435 | ||
| 145 | EXOR Group | $78,123 | ||
| 146 | AmerisourceBergen | $77,954 | ||
| 147 | Costco Wholesale | $77,946 | ||
| 148 | Petronas | $76,876 | ||
| 149 | China Mobile Communications | $76,673 | ||
| 150 | Munich Re Group | $76,220 | ||
| 151 | Toshiba | $74,706 | ||
| 152 | Peugeot | $74,251 | ||
| 153 | Prudential | $73,598 | ||
| 154 | Vodafone | $71,344 | ||
| 155 | Deutsche Post | $71,121 | ||
| 156 | Repsol YPF | $70,456 | ||
| 157 | China Railway Group | $69,973 | ||
| 158 | Dexia Group | $69,491 | ||
| 159 | Groupe BPCE | $69,297 | ||
| 160 | Indian Oil | $68,837 | ||
| 161 | Marathon Oil | $68,413 | ||
| 162 | Royal Bank of Scotland | $68,088 | ||
| 163 | Home Depot | $67,997 | ||
| 164 | Zurich Financial Services | $67,850 | ||
| 165 | Pfizer | $67,809 | ||
| 166 | Walgreen | $67,420 | ||
| 167 | China Railway Construction | $67,414 | ||
| 168 | Target | $67,390 | ||
| 169 | RWE | $67,179 | ||
| 170 | China Construction Bank | $67,081 | ||
| 171 | U.S. Postal Service | $67,052 | ||
| 172 | Medico Health Solutions | $65,968 | ||
| 173 | Apple | $65,225 | ||
| 174 | Aegon | $65,136 | ||
| 175 | China Life Insurance | $64,635 |
Eight of the top 50 economic entities are multinational corporations (16 percent). In the second tier of 50, 36 are corporations (72 percent) and in the third tier of 50, 86 percent are corporations (43). In total 64 percent (112) of the top 175 economic entities are corporations. Not listed are 130+ countries with levels of gross domestic product (GDP) lower than Iraq’s. The total revenue of Wal-Mart (24th on the list) is 1.94 times larger than the GDP of Israel (50th on the list) and 5.135 times larger than the GDP of Iraq (139th on the list). Noticeably, there are more corporations and fewer countries on the list this year. How will it change over the next twelve months?
I would like to know if you are going to up date this year? 2102
Wonderful bit of work I use in my work with students, and others. Thank you.
Hi Neil – I updated the list on 11 August 2012. Here’s the link:
http://dstevenwhite.com/2012/08/11/the-top-175-global-economic-entities-2011/
Thank you for your words of encouragement!
Just caught up with the update, excellent thank you. See the EU is largest? Marvellous what happens when you kick the euro can down the road and dollar devalues. I suspect that when the cheap energy from fracking goes into US of A economy the world will look different to that of today.