With a surge in the markets, Apple Inc. became the first company to cross the $800 billion mark in market cap a couple of trading sessions ago. As of May 11, 2017, Apple’s market value stands at $802.69 billion. To truly understand the sheer magnitude of that number, here are five things that the electronics giant is now bigger than in dollar value.

1. Economies of entire countries

With that market cap, Apple is worth nearly 1% of the world’s GDP according to the latest estimates from the World Bank that peg the world’s output at $74.2 trillion. That also means the company is valued at close to 4.4% of America’s $18 trillion GDP.

But that aside, Apple’s market cap makes it larger than the GDP of each of 183 out of the 199 countries for which the World Bank has GDP data. Some of the notable ones include The Netherlands, Switzerland, Saudi Arabia and Norway.



2. Market value of some stock exchanges

One would think that financial markets that see huge amounts of money change hands every day would be larger than one single company.

But according to the March monthly market capitalization for stock exchanges compiled by World Federation of Exchanges, Apple is now larger than 61 of the 79 stock exchanges around the globe. Some of the financial markets Apple eclipses include New Zealand Exchange (NZX Limited), Singapore Exchange, Saudi Stock Exchange (Tadawul) and Bolsa Mexicana de Valores.





3. U.S. Budget Deficit

The U.S. Government’s expenses far exceed its revenue generation, leading to a burgeoning budget deficit which has been a subject of hot political debates, especially through the course of last year’s Presidential election campaign.

In its latest report, the Congressional Budget Office (CBO) said that the budget deficit for the first seven months of FY 2017 was $348 billion, much lower than the market cap that Apple commands today.


4. Cost of WWI, the Vietnam War and the Iraq War.

While wars cause destruction of life that cannot be measured, a 2010 Congressional Research Service report estimated the economic cost of wars between 1775 and 2010 and created cost estimates at fiscal year 2011 constant prices for more current understanding. Based on data from that report, Apple’s market cap exceeds the cost of many conflicts including the World War I, Vietnam War and the Iraq War.



5. Combined net worth of the 11 richest people in the world

There is no doubt that Bill Gates is the world’s richest man. Forbes magazine pegged his net worth at $86 billion in its 2017 World Billionaires list that has since swollen to $89.5 billion as of October 24, 2017. The 11 people at the top of that list include big guns like Warren Buffett, Amancio Ortega, Jeff Bezos and Michael Bloomberg. However, the combined wealth of the top 11 estimated at $737.3 billion still falls short of Apple’s value by a whopping $69 billion.





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