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by boyd 881 days 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).

1 comments

Here's another comparison:

  # of Amazon employees:          1.7M

  # of working people in France:  30M
https://en.wikipedia.org/wiki/Amazon_(company)

https://tradingeconomics.com/france/employment-rate