Indonesia and China Maintain the World's Largest Market Capitalization
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The United States (US) and China remain the two giants with the most large companies in the world. PricewaterhouseCoopers (PwC) research, in its *Global Top 100 Companies by Market Capitalisation*, notes that the US and China have 54 and 15 large companies, respectively.
The US boasts a market capitalization of US$13.292 trillion, while China's amounts to US$3.197 trillion. Converted to Indonesian Rupiah at an exchange rate of Rp 14,100/US$, this equates to Rp 187.417 trillion and Rp 45.000 trillion, respectively.
The United Kingdom follows with six companies, with a total market capitalization reaching US$870 billion or Rp 12.270 trillion. France and Switzerland follow with five and three companies, respectively. These two European countries have market capitalizations of US$696 billion and US$774 billion, equivalent to Rp 9.813 trillion and Rp 10.913 trillion, respectively.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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