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2021 Forbes 2000 List Dominated by APAC Companies, GlobalData Research Finds

It has been found that of the $39.8 trillion total aggregated revenue of companies featured on the Forbes 2000 list, APAC-headquartered companies represented 38.2%; totalling $15.2 trillion.

Parth Vala, Company Profiles Analyst, GlobalData
Parth Vala, Company Profiles Analyst, GlobalData

This is according to the recently published research of GlobalData, an initiative that was spearheaded by Parth Vala, the company’s Profiles Analyst. Parth notes that this figure was achieved by 803 enterprises – representing around 40% of those in Forbes’ list.

When we consider Parth’s research a little closer, we see that after the APAC region, companies headquartered in North America saw the second-highest combined revenue at $14.3 trillion from 656 companies.

APAC and North America were followed by Europe with $9.1 trillion from 437 companies; then the Middle East and Africa with $602.6 billion in revenue from 65 companies; closing with South and Central America with $566.3 billion from 39 enterprises.

North American companies accounted for around 41.5% of the total $2.5 trillion profit pool of companies in the Forbes 2000 list, followed by APAC at 40.9%, Europe at 12.7%, the Middle East and Africa at 3.7%, and South and Central America with 1.3%.

However, the Middle East and Africa surprisingly dwarfed all other regions in terms of generating profit through per unit of revenue as it posted net profit margin of 15.5%, followed by North America with 7.3%, the APAC region with 6.8%, followed by South and Central America with 5.6%.

If we break down the research sector by sector, we see that the top 15 sectors by revenue accounted for around 80% of the Forbes 2000 revenue pool, and 74% of total companies, which translates into $31.9 trillion and 1,476 companies, respectively.

Sectors such as banking, diversified financials, IT software and services, insurance, and technology hardware and equipment were leading profitable sectors, while oil and gas was the only sector that reported loss.

The IT software and services market reported the highest net profit margin of 17.5%, followed by diversified financials with 16.4%, banking with 13.8%, technology hardware and equipment with 8.4%, and telecommunication services with 7.2%.

This was evident from the fact that the Covid-19 pandemic increased the demand for IT-related products and services, as working from home became prevalent and decreased demand for oil and gas due to worldwide lockdowns and travel restrictions. On the other hand, financial services sectors were more resilient to cope with the economic effects of the pandemic.


  • Tyler is a fintech journalist with specific interests in online banking and emerging AI technologies. He began his career writing with a plethora of national and international publications.

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