Family-Owned Business by Share of GDP, 2023

Indonesia leads Southeast Asia, with family-owned businesses contributing 10% ($139B) to its GDP, ranking 14th globally.

India claims the top spot, with 79% of its economic output fueled by family-owned businesses, notably exemplified by Reliance Industries. Founded in 1973, it is run by the Ambani family and holds the 10th position globally with a $204 billion market capitalization as of December 2023.

Spain and Mexico follow India, where family businesses constitute 70% of GDP, contributing over $1 trillion to their economies annually.