Photographs: Arnd Wiegmann/Reuters
There are some companies that generate most revenues in the countries they are based in, pay top corporate taxes and are a major part of the economy.
Let's take a look at some companies that dominate the markets they are based in.
Source: The Economist
...
10 companies that are world powerhouses
Image: Lakshmi Mittal, right, with his son Aditya Mittal, left, in Paris.Photographs: Charles Platiau/Reuters
ArcelorMittal
Country of domicile: Luxembourg
Revenue of GDP (2011): 161 per cent
Global rank: 1
...
10 companies that are world powerhouses
Image: A woman walks past Essar headquarters building in Mumbai.Photographs: Stringer/Reuters
Essar Energy
Country of domicile: Mauritius
Revenue of GDP (2011): 132 per cent
Global rank: 2
...
10 companies that are world powerhouses
Image: A worker monitors the queue as motorists wait for fuel at a filling station in Liverpool.Photographs: Phil Noble/Reuters
Royal Dutch Shell
Country of domicile: The Netherlands
Revenue of GDP (2011): 56 per cent
Global rank: 3
...
10 companies that are world powerhouses
Image: A worker cleans the door of a China Mobile branch in Shenyang, China.Photographs: Sheng Li/Reuters
China Mobile
Country of domicile: Hong Kong
Revenue of GDP (2011): 34 per cent
Global rank: 4
...
10 companies that are world powerhouses
Image: Logo of Glencore is seen in front of the company's headquarters in the Swiss town of Zug.Photographs: Arnd Wiegmann/Reuters
Glencore
Country of domicile: Switzerland
Revenue of GDP (2011): 29 per cent
Global rank: 5
...
10 companies that are world powerhouses
Image: A Statoil petrol station is pictured in the evening in the centre of Warsaw, Poland.Photographs: Kacper Pempel/Reuters
Statoil
Country of domicile: Norway
Revenue of GDP (2011): 24 per cent
Global rank: 6
...
10 companies that are world powerhouses
Image: Technicians work at a Thailand's PTT Chemical complex at the Map Ta Phut industrial estate in Rayong.Photographs: Sukree Sukplang/Reuters
PTT
Country of domicile: Thailand
Revenue of GDP (2011): 23 per cent
Global rank: 7
...
10 companies that are world powerhouses
Image: A security guard patrols Hong Hai headquarters in Tucheng, Taipei county, Taiwan.Photographs: Pichi Chuang/Reuters
Hon Hai
Country of domicile: Taiwan
Revenue of GDP (2011): 20 per cent
Global rank: 8
...
10 companies that are world powerhouses
Image: Nokia office in Oulu, Finland.Photographs: Lehtikuva Lehtikuva/Reuters
Nokia
Country of domicile: Finland
Revenue of GDP (2011): 20 per cent
Global rank: 9
...
10 companies that are world powerhouses
Image: A view of the Hungarian oil group MOL's main Danube refinery in Szazhalombatta.Photographs: Laszlo Balogh/Reuters
MOL group
Country of domicile: Hungary
Revenue of GDP (2011): 19 per cent
Global rank: 10
article