You are comparing market cap to GDP. You should compare revenue to GDP. Still not a perfect comparison, but much much better.
Apple's revenue: 380B. Iran sits at position 40 with 380B GDP in 2022.
That oil is sold unprocessed and won't be powering anything unless it goes through a fairly expensive processing and logistics chain. Iran is also extremely inefficient and unproductive - it's a state after all.
Similarly, African raw materials form the core of many computers and yet Africa is still poor - because the raw material itself isn't that useful.
chefkd|1 year ago
still kind of crazy to think Iran and it's entire oil reserves that power idk how many households produce the same amount of revenue as 175k people
throwaway11460|1 year ago
Similarly, African raw materials form the core of many computers and yet Africa is still poor - because the raw material itself isn't that useful.