What country leans the most on its biggest player?
Aramco’s revenue made up just under half of Saudi Arabia’s GDP in 2024.
They say it isn’t smart to put all of your eggs in one basket. But for some nations, a solid chunk of the goods and services they produce comes from a single corporation.
Denmark was recently reminded of this when its economic watchdog warned on Tuesday that Novo Nordisk’s slumping sales mixed with trade uncertainty could lead to an export slowdown. Novo, the second-largest company in Europe, accounts for just under 10% of its home country’s GDP.
Denmark isn’t alone.
The world’s largest semiconductor maker, TSMC, made up more than 11% of Taiwan’s GDP. The tech giant Samsung makes up more than 12% of South Korea’s GDP.
But Aramco, Saudi Arabia’s state-owned oil company, appears to take the cake. The oil giant reported $437 billion in revenue, making up about 40% of Saudi Arabia’s GDP.
