List of countries by stock market capitalization
The following list sorts countries by the total market capitalization of all domestic companies[clarification needed] 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
|
Number of domestic companies listed[2]
|
Year
|
(in millions of US$)[3]
|
(as a % of GDP)[4]
|
United States
|
54,000,000
|
194.5
|
4,642
|
2024
|
China
|
12,009,242[5]
|
65.1
|
5,363[6]
|
2024
|
Japan
|
6,245,880[7]
|
146.2[8]
|
3,865
|
2024
|
India
|
5,663,221[9]
|
140.1
|
5,451[10]
|
2024
|
Hong Kong
|
4,746,241[11]
|
1262.6
|
2,414
|
2024
|
Canada
|
3,463,403
|
160.7
|
3,534
|
2024
|
France
|
3,459,821
|
84.9
|
457
|
2024
|
United Kingdom
|
3,043,410[12]
|
100.2
|
1,646
|
2024
|
Saudi Arabia
|
2,694,060
|
347.0
|
269
|
2024
|
Germany
|
2,182,882[13]
|
60
|
429
|
2024
|
Taiwan
|
2,042,603
|
297.1
|
1,627
|
2024
|
Australia
|
1,723,639
|
129.3
|
1,976
|
2024
|
Netherlands
|
1,705,355[14]
|
132.3
|
103
|
2024
|
South Korea
|
1,684,779
|
94.5
|
2,446
|
2024
|
Switzerland
|
1,640,242
|
267.6
|
236
|
2024
|
Iran
|
1,613,045
|
390.2
|
546
|
2022
|
Spain
|
1,334,656[15]
|
82.2
|
1,472
|
2024
|
South Africa
|
1,230,120
|
348.3
|
237
|
2023
|
Sweden
|
1,009,218[16]
|
162
|
832
|
2024
|
United Arab Emirates
|
873,562
|
172.3
|
153
|
2022
|
Brazil
|
863,490[17]
|
68.4
|
361
|
2024
|
Denmark
|
799,695[18]
|
195
|
178
|
2024
|
Indonesia
|
778,620[19]
|
46.3
|
903
|
2024
|
Italy
|
747,438[20]
|
36.5
|
290
|
2023
|
Belgium
|
715,694[21]
|
108.8[22]
|
117
|
2023
|
Singapore
|
619,361
|
132.7
|
425
|
2022
|
Thailand
|
604,355
|
122.0
|
810
|
2022
|
Russia
|
530,104
|
46.8
|
195
|
2022
|
Mexico
|
454,370
|
31.0
|
133
|
2022
|
Malaysia
|
381,207
|
93.7
|
963
|
2022
|
Norway
|
377,933[23]
|
71.7
|
340
|
2024
|
Turkey
|
391,285
|
29.1
|
570
|
2024
|
Chile
|
285,232
|
94.8
|
400
|
2022
|
Finland
|
269,681[24]
|
87.5
|
134
|
2024
|
Israel
|
269,637
|
51.4
|
518
|
2022
|
Vietnam
|
246,700[25]
|
62
|
402
|
2023
|
Philippines
|
238,581
|
59.0
|
283
|
2022
|
Qatar
|
166,776
|
70.6
|
47
|
2022
|
Kuwait
|
152,683
|
87.1
|
148
|
2022
|
Poland
|
147,657
|
21.5
|
773
|
2022
|
Bangladesh
|
124,000[26]
|
27.7
|
987[27][28]
|
2024
|
Austria
|
123,048
|
26.1
|
66
|
2022
|
Ireland
|
110,154
|
28.5
|
42
|
2023
|
New Zealand
|
97,545
|
39.3
|
123
|
2022
|
Portugal
|
97,453[29]
|
25.6
|
40
|
2024
|
Nigeria
|
91,439
|
19.3
|
173
|
2022
|
Romania
|
73,267[30]
|
18.3
|
87
|
2024
|
Peru
|
71,314
|
29.4
|
186
|
2022
|
Colombia
|
68,412
|
19.9
|
65
|
2022
|
Greece
|
59,035
|
27.1
|
154
|
2022
|
Morocco
|
53,706
|
41.0
|
75
|
2022
|
Argentina
|
52,948
|
8.4
|
91
|
2022
|
Luxembourg
|
50,897
|
62.3
|
28
|
2020
|
Kazakhstan
|
45,768
|
20.3
|
92
|
2020
|
Egypt
|
41,351
|
8.1
|
239
|
2020
|
Nepal
|
36,000
|
82.7
|
244
|
2024
|
Pakistan
|
32,000
|
7.7
|
523
|
2024
|
Botswana
|
31,024
|
152.4
|
23
|
2022
|
Bahrain
|
30,262
|
68.2
|
42
|
2022
|
Czech Republic
|
28,809
|
9.9
|
24
|
2022
|
Jordan
|
25,429
|
52.3
|
170
|
2022
|
Hungary
|
23,867
|
13.5
|
62
|
2022
|
Oman
|
22,267
|
19.4
|
110
|
2022
|
Iceland
|
19,466[31]
|
61.6
|
...
|
2024
|
Croatia
|
19,335
|
27.0
|
91
|
2022
|
Trinidad and Tobago
|
17,700
|
72.0
|
35
|
2018
|
Kenya
|
16,107
|
14.2
|
59
|
2022
|
Bulgaria
|
15,704
|
17.4
|
201
|
2022
|
Panama
|
15,628
|
20.4
|
34
|
2022
|
Jamaica
|
13,053
|
76.3
|
95
|
2022
|
Sri Lanka
|
10,598
|
14.2
|
290
|
2022
|
Lebanon
|
10,577
|
45.7
|
10
|
2021
|
Mauritius
|
8,567
|
66.2
|
89
|
2022
|
Ecuador
|
8,340[32]
|
7.0
|
300[33]
|
2023
|
Slovenia
|
8,171
|
13.6
|
24
|
2022
|
Tunisia
|
7,753
|
16.7
|
82
|
2022
|
Ivory Coast
|
7,331
|
12.0
|
46
|
2022
|
Tanzania
|
6,697
|
8.8
|
22
|
2022
|
Cyprus
|
6,533
|
22.3
|
92
|
2022
|
Ghana
|
6,464
|
8.8
|
31
|
2022
|
Slovakia
|
5,377
|
5.3
|
67
|
2014
|
Uzbekistan
|
5,194
|
7.5
|
|
2021
|
Palestine
|
4,896
|
25.6
|
49
|
2022
|
Ukraine
|
4,415
|
3.4
|
78
|
2018
|
Malta
|
4,358
|
24.0
|
27
|
2022
|
Zambia
|
4,037
|
13.8
|
22
|
2022
|
Serbia
|
4,056
|
8.2
|
...
|
2011
|
Venezuela
|
3,980
|
4.3
|
37
|
2002
|
Montenegro
|
3,787
|
92.6
|
112
|
2012
|
Rwanda
|
3,444
|
25.9
|
5
|
2022
|
Cambodia
|
3,200
|
10.0
|
7
|
2023
|
Barbados
|
2,780
|
63.7
|
15
|
2020
|
Belarus
|
2,497
|
3.4
|
14
|
2022
|
Zimbabwe
|
2,461
|
35.9
|
69
|
1999
|
Costa Rica
|
2,232
|
3.2
|
9
|
2022
|
Namibia
|
2,159
|
16.7
|
13
|
2022
|
Papua New Guinea
|
1,682
|
7.4
|
6
|
2017
|
Azerbaijan
|
1,468
|
1.9
|
29
|
2022
|
Seychelles
|
1,216
|
76.5
|
46
|
2022
|
Cayman Islands
|
644
|
6.4
|
4
|
2020
|
Algeria
|
371
|
0.2
|
...
|
2018
|
Paraguay
|
313
|
3.5
|
55
|
1999
|
Uruguay
|
284
|
1.4
|
17
|
1996
|
Armenia
|
253
|
1.3
|
12
|
2022
|
Eswatini
|
234
|
6.8
|
6
|
2007
|
Bermuda
|
207
|
2.7
|
13
|
2022
|
Historical development of world market cap
Year
|
World market cap
|
Number of listed companies
|
Millions of US$
|
% of GDP
|
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
|
45,050
|
2019
|
78,825,583
|
108.4
|
49,921
|
2020
|
93,686,226
|
133.4
|
49,839
|
2021
|
111,159,259
|
131.8
|
51,337
|
2022
|
93,688,922
|
106.2
|
47,926
|
See also
References
- ^ "What Is Market Capitalization?". Investopedia. Retrieved 2021-09-20.
- ^ "Listed domestic companies, total | Data". data.worldbank.org. Retrieved 2021-09-20.
- ^ "Market capitalization of listed domestic companies (current US$)". World Bank. Retrieved 2024-06-16.
- ^ "Market capitalization of listed domestic companies (% of GDP)". World Bank. Retrieved 2024-06-16.
- ^ "China Market Capitalization, 1995–2024 | CEIC Data". www.ceicdata.com. Retrieved 2024-11-05.
- ^ "Number of listed companies in China reaches 5,363". www.china.org.cn. Retrieved 2024-11-05.
- ^ "Japan Market Capitalization, 1957–2024 | CEIC Data". www.ceicdata.com. Retrieved 2024-07-18.
- ^ "Japan Market Capitalization: % of GDP, 1994–2024 | CEIC Data". www.ceicdata.com. Retrieved 2024-07-18.
- ^ "India Market Capitalization, 1993 - 2024 / MONTHLY / USD MN". www.ceicdata.com. Retrieved 2024-11-05.
- ^ "All India Market Capitalization | BSE Listed stocks Market Capitalization". www.bseindia.com. Retrieved 2024-08-28.
- ^ "Hong Kong SAR (China) Market Capitalization, 1985–2024 | CEIC Data". www.ceicdata.com. Retrieved 2024-11-05.
- ^ "UK Market Capitalization, 1999 – 2024 | CEIC Data". www.ceicdata.com. Retrieved 2024-11-26.
- ^ "Germany Market Capitalization, 2006–2024 | CEIC Data". www.ceicdata.com. Retrieved 2024-06-12.
- ^ "Netherlands Market Capitalization, 2002–2023 | CEIC Data". www.ceicdata.com. Retrieved 2023-08-13.
- ^ "Spain Market Capitalization, 2007 – 2024 | CEIC Data". www.ceicdata.com. Retrieved 2024-06-16.
- ^ "Sweden Market Capitalization, 2006–2024 | CEIC Data". www.ceicdata.com. Retrieved 2024-06-12.
- ^ "Brazil Market Capitalization, 1995 – 2024 | CEIC Data". www.ceicdata.com. Retrieved 2024-06-16.
- ^ "Denmark Market Capitalization, 2006–2024 | CEIC Data". www.ceicdata.com. Retrieved 2024-06-12.
- ^ "Indonesia Market Capitalization, 1990 – 2024 | CEIC Data". jakartaglobe.id. Retrieved 2024-05-28.
- ^ "Italy Market Capitalization, 1998–2023 | CEIC Data". www.ceicdata.com. Retrieved 2023-08-13.
- ^ "Belgium Market Capitalization, 1990 – 2024 | CEIC Data". www.ceicdata.com. Retrieved 2024-06-16.
- ^ "Belgium Market Capitalization: % of GDP, 1975 – 2024 | CEIC Data". www.ceicdata.com. Retrieved 2024-06-16.
- ^ "Norway Market Capitalization, 2006–2024 | CEIC Data". www.ceicdata.com. Retrieved 2024-06-12.
- ^ "Finland Market Capitalization, 2006–2024 | CEIC Data". www.ceicdata.com. Retrieved 2024-06-12.
- ^ "Stock market capitalisation tops 60% of GDP | Vietnamplus". 2 January 2024. Retrieved 2024-08-05.
- ^ "Stocks - Bangladesh". www.statista.com. Retrieved 2024-10-19.
- ^ "Dhaka Stock Exchange- Company count - 657". www.dsebd.org. Retrieved 2024-10-19.
- ^ "Chittagong Stock Exchange - Company count - 330". www.cse.com.bd. Retrieved 2024-10-19.
- ^ "Portugal Market Capitalization, 2005 – 2024 | CEIC Data". www.ceicdata.com. Retrieved 2024-06-16.
- ^ "Romania Market Capitalization, 1997 – 2024 | CEIC Data". www.ceicdata.com. Retrieved 2024-06-16.
- ^ "Iceland Market Capitalization, 2006 – 2024 | CEIC Data". www.ceicdata.com. Retrieved 2024-06-16.
- ^ "Ecuador Market Capitalization, 1990 – 2024 | CEIC Data". www.ceicdata.com. Retrieved 2024-07-11.
- ^ Cucalón, Gonzalo (2019-08-15). "Las 50 empresas más grandes del país listadas en Bolsa". Ahorro Seguro (in Spanish). Retrieved 2024-07-11.
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