The following list sorts countries by the total market capitalization of all domestic companies listed in the country, according to data from the World Bank. Market capitalization, commonly called market cap, is the market value of a publicly traded company's outstanding shares. [1]
Ranking
| Country / Territory | Total market cap (in mil. US$) [2] |
Total market cap (% of GDP) [3] |
Number of domestic companies listed [4] |
Year |
|---|---|---|---|---|
United States
|
49,653,000 | 194.5 | 4,266 | 2023 |
China
|
10,889,318 [5] | 65.1 [6] | 4,154 | 2023 |
Japan
|
5,474,985 [7] | 126.7 [8] | 3,754 | 2023 |
India
|
4,782,845 [9] | 120 | 5,372 | 2024 |
Hong Kong
|
3,966,952 [10] | 1,262.6 [11] | 2,353 | 2023 |
France
|
2,823,000 | 84.9 | 457 | 2022 |
United Kingdom
|
2,821,000 | 100 | 1,858 | 2022 |
Canada
|
2,641,455 | 160.7 | 3,922 | 2020 |
Saudi Arabia
|
2,429,102 | 347.0 | 207 | 2020 |
Germany
|
2,284,109 | 60.0 | 438 | 2020 |
South Korea
|
2,176,190 | 133.5 | 2,318 | 2020 |
Taiwan
|
2,007,560 | 267.1 | 1,627 | 2021 |
Switzerland
|
2,001,603 | 267.6 | 236 | 2020 |
Iran
|
1,743,023 [12] | 475 | 367 | 2023 |
Australia
|
1,720,556 | 129.3 | 1,902 | 2020 |
Netherlands
|
1,597,215 [13] | 132.3 | 103 | 2023 |
South Africa
|
1,051,529 | 348.3 | 264 | 2020 |
Brazil
|
988,374 | 68.4 | 345 | 2020 |
Sweden
|
913,163 [14] | 230.4 | 832 | 2023 |
Spain
|
909,175 | 43.3 | 2,711 | 2020 |
Indonesia
|
757,792 | 46.9 | 713 | 2023 |
Italy
|
747,438 [15] | 36.5 | 290 | 2023 |
Russia
|
694,739 | 46.8 | 213 | 2020 |
Denmark
|
670,282 [16] | 187.5 | 178 | 2023 |
Singapore
|
652,615 | 191.9 | 459 | 2020 |
Thailand
|
543,164 | 108.2 | 743 | 2020 |
Malaysia
|
436,538 | 129.7 | 927 | 2020 |
Mexico
|
399,617 | 37.1 | 140 | 2020 |
Belgium
|
321,094 | 59.1 | 117 | 2018 |
Norway
|
295,549 | 72.9 | 186 | 2019 |
United Arab Emirates
|
294,832 | 58.6 | 130 | 2020 |
Philippines
|
272,790 | 75.5 | 268 | 2020 |
Israel
|
262,062 | 65.2 | 426 | 2020 |
Turkey
|
237,474 | 33.0 | 586 | 2022 |
Vietnam
|
186,009 | 68.6 | 745 | 2020 |
Chile
|
184,549 | 73.0 | 194 | 2020 |
Poland
|
177,508 | 29.9 | 782 | 2020 |
Qatar
|
165,394 | 113.0 | 47 | 2020 |
New Zealand
|
132,198 | 62.2 | 122 | 2020 |
Austria
|
132,083 | 30.8 | 68 | 2020 |
Ireland
|
110,154 | 28.5 | 42 | 2023 |
Colombia
|
106,315 | 39.2 | 65 | 2020 |
Kuwait
|
105,987 | 86.7 | 163 | 2020 |
Bangladesh
|
89,774 | 27.7 | 628 | 2020 |
Peru
|
87,092 | 43.1 | 199 | 2020 |
Morocco
|
65,575 | 58.1 | 75 | 2020 |
Portugal
|
61,934 | 25.6 | 40 | 2018 |
Nigeria
|
56,569 | 13.1 | 177 | 2020 |
Luxembourg
|
51,568 | 70.4 | 29 | 2020 |
Greece
|
50,986 | 26.9 | 171 | 2020 |
Kazakhstan
|
45,202 | 26.6 | 94 | 2020 |
Egypt
|
41,351 | 11.4 | 240 | 2020 |
Argentina
|
39,394 | 8.8 | 91 | 2019 |
Nepal
|
39,394 | 89 | 91 | 2019 |
Pakistan
|
32,567 | 15.2 | 557 | 2011 |
Hungary
|
27,971 | 18.0 | 45 | 2020 |
Czech Republic
|
26,614 | 10.9 | 20 | 2020 |
Romania
|
25,513 | 10.3 | 81 | 2020 |
Bahrain
|
24,608 | 69.9 | 42 | 2020 |
Croatia
|
22,230 | 39.7 | 104 | 2020 |
Kenya
|
21,398 | 21.6 | 60 | 2020 |
Finland
|
20,344 | 10.3 | 134 | 2004 |
Jordan
|
18,205 | 41.7 | 179 | 2020 |
Bulgaria
|
17,711 | 25.6 | 259 | 2020 |
Oman
|
16,481 | 22.4 | 111 | 2020 |
Sri Lanka
|
15,982 | 19.8 | 283 | 2020 |
Panama
|
13,938 | 26.3 | 34 | 2020 |
Jamaica
|
11,701 | 84.7 | 89 | 2020 |
Ghana
|
9,247 | 12.8 | 31 | 2020 |
Tunisia
|
8,572 | 21.8 | 80 | 2020 |
Slovenia
|
8,449 | 16.0 | 27 | 2020 |
Ivory Coast
|
7,331 | 12.0 | 46 | 2020 |
Lebanon
|
6,703 | 20.1 | 10 | 2020 |
Tanzania
|
6,482 | 10.4 | 22 | 2020 |
Mauritius
|
6,160 | 56.4 | 93 | 2020 |
Slovakia
|
5,377 | 5.3 | 67 | 2014 |
Malta
|
5,081 | 34.7 | 27 | 2020 |
Cyprus
|
4,693 | 19.7 | 92 | 2020 |
Ukraine
|
4,415 | 3.4 | 78 | 2018 |
Serbia
|
4,056 | 8.2 | ... | 2011 |
Venezuela
|
3,980 | 4.3 | 37 | 2002 |
Trinidad and Tobago
|
3,889 | 44.1 | 26 | 2001 |
Montenegro
|
3,787 | 92.6 | 112 | 2012 |
Palestine
|
3,447 | 22.2 | 46 | 2020 |
Rwanda
|
3,214 | 31.0 | 4 | 2019 |
Cambodia
|
3,200 | 10.0 | 7 | 2023 |
Zambia
|
3,184 | 13.6 | 23 | 2011 |
Barbados
|
2,780 | 63.7 | 15 | 2020 |
Zimbabwe
|
2,461 | 35.9 | 69 | 1999 |
Costa Rica
|
1,901 | 3.1 | 10 | 2020 |
Namibia
|
1,867 | 17.5 | 13 | 2020 |
Papua New Guinea
|
1,682 | 7.4 | 6 | 2017 |
Belarus
|
1,239 | 2.6 | 12 | 2016 |
Seychelles
|
1,137 | 71.9 | 40 | 2019 |
Botswana
|
978 | 16.9 | 26 | 2000 |
Ecuador
|
747 | 4.1 | 26 | 2000 |
Cayman Islands
|
644 | 6.4 | 4 | 2020 |
Algeria
|
371 | 0.2 | ... | 2018 |
Paraguay
|
313 | 3.5 | 55 | 1999 |
Uruguay
|
284 | 1.4 | 17 | 1996 |
Eswatini
|
234 | 6.8 | 6 | 2007 |
Bermuda
|
220 | 39.6 | 13 | 2020 |
Historical development of world market cap
| Year | World market cap (in mil. US$) |
World market cap (% of GDP) |
Number of listed companies |
|---|---|---|---|
| 1975 | 1,149,245 | 27.2 | 14,577 |
| 1980 | 2,525,736 | 29.6 | 17,273 |
| 1985 | 4,684,978 | 47.0 | 20,555 |
| 1990 | 9,519,107 | 50.8 | 23,732 |
| 1991 | 11,340,785 | 56.8 | 24,666 |
| 1992 | 10,819,256 | 50.2 | 24,947 |
| 1993 | 13,897,390 | 61.7 | 28,300 |
| 1994 | 14,639,924 | 60.9 | 30,290 |
| 1995 | 17,263,728 | 64.0 | 33,379 |
| 1996 | 19,806,691 | 72.3 | 35,617 |
| 1997 | 22,029,761 | 80.7 | 36,946 |
| 1998 | 24,555,201 | 89.6 | 37,928 |
| 1999 | 33,181,159 | 115.1 | 38,414 |
| 2000 | 30,925,434 | 101.1 | 39,892 |
| 2001 | 26,792,162 | 88.4 | 40,157 |
| 2002 | 22,802,792 | 72.7 | 38,894 |
| 2003 | 31,107,425 | 84.9 | 41,051 |
| 2004 | 36,540,980 | 89.2 | 38,724 |
| 2005 | 40,512,446 | 92.6 | 39,096 |
| 2006 | 50,074,966 | 106.1 | 43,104 |
| 2007 | 60,456,082 | 114.0 | 44,034 |
| 2008 | 32,418,516 | 56.2 | 43,949 |
| 2009 | 47,471,293 | 83.8 | 42,669 |
| 2010 | 54,259,518 | 87.3 | 43,427 |
| 2011 | 47,521,341 | 68.8 | 44,323 |
| 2012 | 54,503,237 | 78.4 | 43,772 |
| 2013 | 64,367,842 | 89.0 | 44,853 |
| 2014 | 67,177,254 | 90.3 | 45,743 |
| 2015 | 62,268,184 | 94.5 | 43,983 |
| 2016 | 65,117,714 | 97.1 | 43,806 |
| 2017 | 79,501,948 | 111.1 | 43,440 |
| 2018 | 68,893,044 | 91.9 | 43,554 |
| 2019 | 78,825,583 | 108.4 | 43,248 |
| 2020 | 93,686,226 | 134.7 |
See also
References
- ^ "What Is Market Capitalization?". Investopedia. Retrieved 2021-09-20.
- ^ "Market capitalization of listed domestic companies (current US$) | Data". data.worldbank.org. Retrieved 2021-09-20.
- ^ "Market capitalization of listed domestic companies (% of GDP) | Data". data.worldbank.org. Retrieved 2021-09-20.
- ^ "Listed domestic companies, total | Data". data.worldbank.org. Retrieved 2021-09-20.
- ^ "China Market Capitalization, 1995 – 2023 | CEIC Data". www.ceicdata.com. Retrieved 2023-12-01.
- ^ "China Market Capitalization: % of GDP, 1995 – 2023 | CEIC Data". www.ceicdata.com. Retrieved 2023-12-01.
- ^ "Japan Market Capitalization, 1957 – 2023 | CEIC Data". www.ceicdata.com. Retrieved 2023-12-01.
- ^ "Japan Market Capitalization: % of GDP, 1994 – 2023 | CEIC Data". www.ceicdata.com. Retrieved 2023-12-01.
- ^ "All India Market Capitalization | BSE Listed stocks Market Capitalization". www.bseindia.com. Retrieved 2024-03-18.
- ^ "Hong Kong SAR (China) Market Capitalization, 1985 – 2023 | CEIC Data". www.ceicdata.com. Retrieved 2023-12-01.
- ^ "Hong Kong SAR (China) Market Capitalization: % of GDP, 1985 – 2023 | CEIC Data". www.ceicdata.com. Retrieved 2023-12-01.
- ^ "Iran Market Capitalization, 2006 – 2023 | CEIC Data". www.ceicdata.com. Retrieved 2023-12-01.
- ^ "Netherlands Market Capitalization, 2002 – 2023 | CEIC Data". www.ceicdata.com. Retrieved 2023-08-13.
- ^ "Sweden Market Capitalization, 2006 – 2023 | CEIC Data". www.ceicdata.com. Retrieved 2023-08-13.
- ^ "Italy Market Capitalization, 1998 – 2023 | CEIC Data". www.ceicdata.com. Retrieved 2023-08-13.
- ^ "Denmark Market Capitalization, 2006 – 2023 | CEIC Data". www.ceicdata.com. Retrieved 2023-08-13.
Economic classification of countries | |||||
|---|---|---|---|---|---|
| Three-World Model | |||||
| Gross domestic product (GDP) |
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| Gross national income (GNI) | |||||
| Wages | |||||
| Wealth | |||||
| Other national accounts | |||||
| Human development | |||||
| Digital divide | |||||
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Net international investment position (NIIP) | |||||
