Google's Market Value is Almost $1 Trillion or Three Times the Philippine Economy
Imagine a company that is so valuable that it is several times wealthier than a developing country like Philippines. In 2018, the Philippine economy was valued at $330.9 billion, which represents the amalgam of its most powerful sectors’ output, such as manufacturing, services, agriculture, and BPO. But all of these pale in comparison to Google, whose value stands at $985 billion, according to a report by Forbes. Facebook, on the other hand, is valued at $622 billion, almost twice the Philippines’ GDP.
Google is expected to be the fourth company to breach the trillion-dollar threshold. So far, only three companies have done this. In August 2018, Apple became the first company to reach $1 trillion market capitalization. In the first half of 2019, Microsoft overtook Apple and became the second company to hit the $1 trillion mark.
In October 2019, Apple surpassed Microsoft as the world’s most valuable company, as reported by Business Insider. Currently, Apple sits on a $1.36 trillion market cap on robust sales from the iPhone 11, while Microsoft is on a comfortable heap of $1.23 trillion, according to Forbes. In 2018, Amazon also breached the $1 trillion mark in 2018, but fell behind and is now valued at a cool $934 billion, which is also about three times the size of the Philippine economy.
But just how much is a trillion dollars? For perspective, the budget of the Philippine government for 2020 is P4.1 trillion or roughly $81 billion. A trillion dollars is 12 times the Philippines’ budget this year, which the government still has to generate from various sources.