By Servet Yanatma
Publication Date: 2026-05-16 05:00:00
The economic size of tech giants and multinationals has grown rapidly in recent years. Nvidia hit a $5.7 trillion market capitalisation in mid-May. The company now exceeds the entire economy of Germany — the world’s third largest and Europe’s biggest — which stands at $5.45 trillion in gross domestic product (GDP).
So, how do the market capitalisations of tech giants and multinationals compare to the world’s largest economies? And where does Europe stand?
Nvidia, the US-based semiconductor firm whose chips power everything from video games to AI systems, is the world’s most valuable company. After becoming the first company to pass $5 trillion (€4.38tn) in market capitalisation in October 2025, its value reached $5.7 trillion (€4.89tn) in mid-May 2026.
Having already surpassed Japan and the UK in economic size, it now overtakes Germany’s projected 2026 GDP as well, according to the IMF. Market capitalisation data is sourced from CompaniesMarketCap as of 14 May 2026.
The IMF predicts that Germany’s 2026 GDP would be $5.45 trillion (€4.67tn). The US remains the world’s largest economy at $32.38tn (€27.75tn), followed by China at $20.58tn (€17.87tn).
As Germany is Europe’s largest economy, Nvidia’s market cap surpassing it means the company is now larger than every European economy, including the UK $4.26tn (€3.65tn), France $3.6tn (€3.08tn), Italy $2.74tn (€2.35tn) and Spain $2.09tn (€1.79tn).
