The marketcap is a key indicator used by investors and analysts to evaluate the value and importance of a company in the market.
Ranking by market capitalization: these are the 10 most valuable Latin American companies
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In 2023, Latin America experienced slow growth due to high inflation, restrictive monetary policies and a generally weak global climate. However, despite the low economic performance, Brazil and Mexico showed better than expected economic prospects. Its growth can be attributed to strong agriculture and high private consumption in Brazil, and increased investment and spending in Mexico.
According to the World Bank Economic Outlook, Latin America and the Caribbean is expected to grow at a constant rate of 2.3% in 2024 and reach 2.5% in 2025. Countries in the region show varied growth prospects . For example, economic growth is expected to slow slightly to 1.5% in Brazil in 2024.
In 2025, it is expected to recover to 2.2%, with inflation and interest rates declining. On the other hand, Mexico is forecast to moderate to 2.6% in 2024. Mexico’s growth is expected to slow in 2025 and reach 2.1%, driven by declining inflation and low external demand.
It is expected that Argentina recovers in 2024. It is expected to grow at a constant rate of 2.7% and reach 3.2% in 2025. The economy in Colombia is expected to increase to 1.8% in 2024 from 1.2% in 2023. Other countries in the region, including Chile and Peru, are also expected to see steady growth in 2024.
Stock market ranking in Latam
According to data collected by FinanceCharts, these are the 10 most relevant Latin American companies according to their market capitalization.
- Petrobras, marketcap: US$101,728 billion.
- Vista Energy, marketcap: US$67,054 billion.
- Wall Mart Mexico, marketcap: US$64,386 billion
- GCC SAB Mexicomarketcap: US$64,386 billion
- Itau Holding (BR), marketcap: US$55,707 billion
- America Movil (MX)marketcap: US$55,025 billion
- Vesta Real Estate (MX), marketcap: US$52,923 billion
- Ok (BR)marketcap: US$51,556 billion.
- Mexico Group SABmarketcap: US$45,203 billion
- Economic Development Mexicomarketcap: US$37,486 billion.
A company’s market capitalization is the total value of all its outstanding shares. It is calculated by multiplying the current price of a stock by the total number of shares outstanding.
It is a very important measure, as it reflects the market value of a company and is commonly used to compare the relative size of different companies. A firm with a high market capitalization is generally considered larger, and often more stable, compared to one with a lower market capitalization. The marketcap is a key indicator used by investors and analysts to evaluate the value and importance of a company in the market.
Source: Ambito
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