3 ms·
Saudi Arabia's GDP is only 833 billion, but Saudi Aramco's market cap is 7.43 trillion. This is just to show that GDP is not necessarily reflective of investme
by mmmmmbop 3y ago
Saudi Arabia's GDP is only 833 billion, but Saudi Aramco's market cap is 7.43 trillion.
This is just to show that GDP is not necessarily reflective of investment power.
- rKarpinski 3y ago> Saudi Arabia's GDP is only 833 billion, but Saudi Aramco's market cap is 7.43 trillion. Wrong currency. Saudi Aramco's market cap is around 2T USD. But in terms of investment power Saudi Arabia's Sovereign Wealth Fund seems more relevant & that is only 776 Billion
- moralestapia 3y agoI don't think they would be willing to wipe off their entire economy, reserves and history (sort of) in exchange for some fancy chips that will go obsolete in a few years.