25 Biggest Washington Companies and Stocks

Ty Haqqi
10 min read

In this article, we will be taking a look at the 25 biggest Washington companies and stocks. To skip our detailed analysis, you can go directly to see the 5 biggest Washington companies and stocks.

If all U.S. states were countries, the state of Washington would be the 30th largest country in the world, with a GDP of $677 billion in 2021. This is aided by being home to some of the biggest and most valuable companies in the world, including one of only 4 companies in the world which have a market cap of more than $1 trillion. Home to two of the biggest tech companies in the world, Washington also has some of the highest concentration of STEM workers in the country.

25 biggest Washington companies and stocks
25 biggest Washington companies and stocks

Pixabay/Public Domain

Several industries are extremely important to Washington's GDP including agriculture/food manufacturing, aerospace, clean technology, information and communication technology, life science, maritime and of course the military/defense sectors. Washington is considered to be a global leader in aircraft and uncrewed aerial systems while the agriculture sector is home to around 300 crop commodities whose markets are continuing to expand growth including eliminating trade barriers, streamlined regulations and more efficient transportation in addition to ensuring that the state's farmlands are protected. Clean technology has been a major focus for the state of Washington and innovation and growth in this sector, which is beneficial for reducing our impact on the planet, and incentives are offered in this respect which we'll come back to later. But of course, the leading sector is information and technology, with the state benefitting from a wealth of talent located there.

Currently, the unemployment rate for the state of Washington is 4%, which is higher than the national average and ranks 33rd among all state in the country. This is despite the plethora of jobs created by the biggest Washington companies and stocks. This isn't a recent trend, as historically, the state of Washington's unemployment rate has generally been higher than the national average because of a high share of resource-based industries because of which employment rates fluctuate. This will of course not be helped by the state's biggest company laying off 18,000 people.

To encourage businesses, Washington state provides various incentives and as mentioned earlier, there are specific incentives related to renewable energy including sales tax exemptions for qualifying solar equipment from July 2019 to December 2029 while the Modified Accelerated Cost Recovery System allowing business systems to deduct up to 85% of the cost of solar equipment from their tax liability over a period of 5 years.

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