Source: EconLog
by Valentin Boboc
“Can a private company be worth more than Canada’s entire economy? Some people seem to think so. Every so often, a superstar company, usually in the tech sector, hits a record valuation, prompting comparisons to a country’s GDP. For example, NVIDIA’s market capitalization surpassed Canada’s GDP in 2025. By May 2026, the chip designer was worth more than the annual GDP of every country except the United States and China. The reason this comparison doesn’t give us much information beyond the emotional reaction is that the two numbers are measured in different units, so they are incomparable.” (07/24/26)