4 ms·
GDP is an indicator of economic activity, and company revenue is, too. We can compare those, albeit imprecisely. It's mindboggling that some of the largest comp
by pradn 6y ago
GDP is an indicator of economic activity, and company revenue is, too. We can compare those, albeit imprecisely. It's mindboggling that some of the largest companies bring in more revenue than entire countries.
Walmart brings in ~$524 billion annually, more than the nominal GDP of all but the top 25 countries. That's more than Nigeria, which has around 200 million people!
- umeshunni 6y agoRevenue, especially for retailers, is a weird things to measure. Walmart essentially buys goods worth ~$400B and resells them for $524B with some value addition (mostly around discovery and distribution). If we were to measure them the same way we measure GDP, that would count as $124B. As an example, Singapore is a major trade hub. In 2018, their exports were $323B (or about $57K per capita). Their imports were, surprise surprise, $323B. In other words, they are like Walmart for South and SE Asia where they import products from China, US and Japan and redistribute them to Malaysia, Indonesia, India etc.