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Where did you get that idea? FAANG companies are valued at ~5 trillion USD (rough estimate). The US's GDP is 20 trillion USD. But the GDP is measured annually!
by edanm 6y ago
Where did you get that idea? FAANG companies are valued at ~5 trillion USD (rough estimate). The US's GDP is 20 trillion USD. But the GDP is measured annually! The US has a GDP that's 4 times the value of the FAANG companies every year.
- dustingetz 6y agoThanks, I just found this better stat: "The “FAAMG” basket accounts for 18% of the total S&P 500 value"