Russia is known as the biggest country in the world by area. But there are bigger countries by population. This means those countries are considered big because many people are living in the country. The more people in the country means the more businesses can get profit.
Businesses are trying to provide for everyone. If there are many more people in the country who need the products or services of a company, the company is going to get more profit from existing and potential customers. Need to know which countries are the biggest?
Biggest Country in The World by Their Population
Some companies want to expand their business to another country. Before entering a new country, each company needs to conduct research about different countries. The goal is to find the most promising one so that your company can start growing in a potential market.
By the population, below are some biggest countries that are going to let you earn more profits, as long as you know how to gain local customers’ hearts.
India
The total area of India reaches 3,287,300 km2 and more than 1,425.7 million people are living in the country. This means there will be 433.7 people in every km2. The country itself is located between the Himalayas and the Indian Ocean. Which sector is the best in India?
Personal care products are now becoming the biggest opportunity and are getting more popular in the country. Many people care more about quality hair-care products, toothpaste, and various basic consumer staples as they want to get a much better look.
China
The population in China reaches 1,412.4 million and they all live in a 9,562,900 km2 area. This means there are 147.7 people in every km2. Customers in China are now demanding various ranges of products than before the pandemic.
China is now the second biggest country in the world by population. And it is the biggest market in the world for various products such as video games, air conditioners, and vehicles. In China, making success becomes more critical for people’s ability in competing globally.
United States of America
331.9 million people are living in the USA. The area of the country reaches 9,831,500 km2 which means there are 33.8 people in every km2. Many companies grow easily in the country. However, one excellent business opportunity is the personal cybersecurity software business.
In a big country like the USA, cybersecurity threats keep increasing every year. The Equifax hack, for example, has affected millions of people in the USA. Almost every person with a smartphone and some personal photos, social media accounts, and online banking can lose their money.
Indonesia
Another big country is located in Asia, specifically in Southeast Asia. The area of the country is just 1,913,600 km2 but the country has 273,8 million people. This means every km2 has around 143.1 people. The consumer-related market opportunity is still the biggest opportunity offered by Indonesia.
In the last few years, this biggest country in the world experienced expansion in the financial services, telecom, education, health, and retail sectors. Consumers in Indonesia are ranked as the most confident in the globe. About 43% of the citizens are 25 years old or even younger.
Pakistan
Pakistan is another big country in Asia with 231.4 million people living in the country. The area of Pakistan is just 796,100 km2 with 290.7 people in every km2. Pakistan is still offering significant opportunities for foreign businesses, especially for US businesses.
Opportunities are available in education, healthcare, waste management, agricultural equipment and machinery, franchising, telecommunication services and equipment, renewable energy, power generation, and consumer goods. Ready to expand to Pakistan?
Brazil
The area of Brazil reaches 8,515,800 km2 and 214.3 million people are living in the country. This means there are only 25.2 people in every km2. Brazil’s commercial service is now prioritizing some sectors that have higher export potential, such as healthcare, infrastructure, e-commerce, and energy.
Some other sectors that offer higher opportunities for foreign businesses are ICT (information and communication technologies), finance, education, aviation and defense, chemicals, agriculture, engineering and construction, and also architecture.
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