Tuesday, April 08, 2008

The World's Biggest Companies

One world; one gigantic marketplace. This year, 60 countries have global 2000 entries vs. 51 in our inaugural list in 2004. The Forbes global 2000 are public companies with the top composite scores based on their rankings for sales, profits, assets and market value. Our justification for using a composite ranking is simple: One metric alone can give a false impression about corporate size.

In total, the global 2000 companies now account for $30 trillion in revenues, $2.4 trillion in profits, $119 trillion in assets and $39 trillion in market value. Around the world, 72 million people work for these companies.

The U.S. still dominates this list of global giants, but with 61 fewer entries than last year and 153 fewer than in 2004, as many U.S. companies failed to keep pace with global competitors. In contrast, China, India and Brazil are rapidly adding companies to the list. India, for example, has 48 companies this year vs. 27 in 2004.

Measured by number of companies, 315, the banking industry has the biggest presence on the global 2000. Banking also dominates in assets, with total assets of $58.3 trillion, and profits, $398 billion. The 123 companies in oil and gas operations lead all industries in aggregate revenues, of $3.76 trillion, and take second place in total profits, of $386 billion.

The complete list of Global 2000: http://www.forbes.com/lists/2008/18/biz_2000global08_The-Global-2000_Rank.html

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