List of countries by stock market capitalization
From Wikipedia, the free encyclopedia
The following list sorts countries by the total market capitalization of all domestic companies[1] listed in the country. Market capitalization, commonly called market cap, is the market value of a publicly traded company's outstanding shares.[2]
The global stock market capitalization is highly concentrated in the top 10 stock exchanges and countries.
The US accounts for about half of the world’s stock market cap, having crossed the $75 trillion mark in 2026. East Asia stands in second with more than $40 trillion in stock market capitalization and thirdly, Europe, as a whole, with no more than $20 trillion in stock market capitalization as of 2026.
Ranking
| Country / Territory | Total market cap | Number of domestic companies[3] |
Data Year | |
|---|---|---|---|---|
| millions of US$[4][5] |
% of GDP[6][7] | |||
 United States |
77,950,000 | 227.0 | 4,600 | 2026 |
 China |
17,750,000 | 62.7 | 5,462 | 2026 |
 Japan |
8,700,000 | 156.7 | 3,933 | 2026 |
 Hong Kong |
7,250,000 | 1,118.2 | 2,673 | 2026 |
 Taiwan |
4,950,000 | 381.7 | 980 | 2026 |
 India |
4,920,000 | 131.2 | 5,949 | 2026 |
 South Korea |
4,890,000 | 190 | 2,446 | 2026 |
 Canada |
4,500,000 | 157.8 | 3,800 | 2026 |
 United Kingdom |
3,990,000 | 98.6 | 1,900 | 2026 |
 France |
3,500,000 | 103.3 | 457 | 2026 |
 Germany |
3,036,000 | 59.8 | 435 | 2026 |
 Saudi Arabia |
2,630,000 | 250 | 352 | 2026 |
 Netherlands |
2,120,000 | 155 | 135 | 2026 |
 Australia |
1,970,000 | 102.4 | 2,245 | 2026 |
 Switzerland |
1,790,000 | 195 | 250 | 2026 |
 South Africa |
1,530,000 | 291.6 | 220 | 2026 |
 Sweden |
1,410,000 | 145 | 1,050 | 2026 |
 Spain |
1,360,000 | 96.0 | 277 | 2026 |
 Brazil |
1,100,000 | 34.7 | 468 | 2026 |
 United Arab Emirates |
1,050,000 | 208.5 | 172 | 2026 |
 Italy |
950,000 | 32.1 | 290 | 2026 |
 Indonesia |
940,000 | 66.4 | 954 | 2026 |
 Belgium |
870,000 | 106.3 | 117 | 2026 |
 Singapore |
820,000 | 116.5 | 400 | 2026 |
 Russia |
650,500 | 31.4 | 194 | 2026 |
 Denmark |
650,000 | 156.8 | 178 | 2026 |
 Mexico |
611,000 | 22.5 | 129 | 2026 |
 Thailand |
568,000 | 98.7 | 860 | 2026 |
 Israel |
565,000 | 61.2 | 511 | 2026 |
 Norway |
515,000 | 73.4 | 180 | 2026 |
 Malaysia |
508,000 | 106.5 | 1,031 | 2026 |
 Finland |
390,000 | 95.9 | 134 | 2026 |
 Philippines |
345,000 | 54.6 | 280 | 2026 |
 Vietnam |
310,000 | 51.2 | 393 | 2026 |
 Chile |
305,000 | 79.3 | 437 | 2026 |
 Turkey |
285,000 | 28.6 | 551 | 2026 |
 Ireland |
298,000 | 24.7 | 43 | 2026 |
 Poland |
292,000 | 21.6 | 749 | 2026 |
 Qatar |
288,000 | 79.7 | 52 | 2026 |
 Austria |
224,500 | 23.2 | 68 | 2026 |
 Greece |
185,660 | 78.4 | 150 | 2026 |
 Iran |
170,500 | 39.3 | 594 | 2026 |
 Kuwait |
155,475 | 88.3 | 138 | 2026 |
 Colombia |
144,080 | 40.5 | 60 | 2026 |
 Romania |
130,960 | 38.2 | 84 | 2026 |
 Morocco |
110,880 | 72.0 | 76 | 2026 |
 Argentina |
105,300 | 16.5 | 90 | 2026 |
 Portugal |
102,000 | 36.1 | 40 | 2026 |
 New Zealand |
100,500 | 35.7 | 112 | 2026 |
 Nigeria |
90,810 | 19.5 | 156 | 2026 |
 Kazakhstan |
89,170 | 34.8 | 100 | 2026 |
 Peru |
84,800 | 26.5 | 176 | 2026 |
 Hungary |
83,230 | 42.5 | 68 | 2026 |
 Oman |
80,080 | 68.5 | 110 | 2026 |
 Bangladesh |
75,800 | 18.5 | 400 | 2026 |
 Egypt |
67,770 | 16.8 | 215 | 2026 |
 Pakistan |
67,740 | 18.0 | 561 | 2026 |
 Czech Republic |
42,500 | 10.2 | 63 | 2026 |
 Luxembourg |
41,862 | 50.2 | 28 | 2026 |
 Jordan |
38,140 | 75.0 | 170 | 2026 |
 Cyprus |
35,020 | 105.1 | 93 | 2026 |
 Nepal |
33,600 | 74.5 | 333 | 2026 |
 Croatia |
32.76 | 41.5 | 100 | 2026 |
 Ivory Coast |
28,980 | 31.4 | 46 | 2026 |
 Kenya |
26,430 | 23.5 | 63 | 2026 |
 Slovenia |
24,930 | 35.2 | 26 | 2026 |
 Ghana |
22,060 | 28.5 | 42 | 2026 |
 Iceland |
21,480 | 70.0 | 34 | 2026 |
 Bahrain |
20,188 | 45.0 | 40 | 2026 |
 Sri Lanka |
19,689 | 22.5 | 284 | 2026 |
 Lebanon |
18,950 | 35.0 | 10 | 2026 |
 Uzbekistan |
18,744 | 18.0 | 100 | 2026 |
 Panama |
18,288 | 21.2 | 90 | 2026 |
 Malawi |
14,910 | 110.5 | 16 | 2026 |
 Jamaica |
12,830 | 29.1 | 101 | 2026 |
 Tunisia |
11,600 | 22.4 | 82 | 2026 |
 Ecuador |
11,360 | 9.2 | 50 | 2026 |
 Zambia |
7,765 | 27.7 | 25 | 2026 |
 Tanzania |
7,320 | 8.7 | 28 | 2026 |
 Lithuania |
6,930 | 8.3 | 45 | 2026 |
 Mauritius |
6,450 | 38.2 | 170 | 2026 |
 North Macedonia |
6,111 | 38.4 | 30 | 2026 |
 Belarus |
6,011 | 7.7 | 50 | 2026 |
 Estonia |
5,745 | 12.8 | 19 | 2026 |
 Algeria |
5,130 | 2.3 | 6 | 2026 |
 Botswana |
4,707 | 22.5 | 31 | 2026 |
 Rwanda |
4,600 | 30.0 | 10 | 2026 |
 Bulgaria |
4,550 | 4.2 | 300 | 2026 |
 Bosnia and Herzegovina |
4,530 | 15.1 | 400 | 2026 |
 Ukraine |
4,420 | 2.5 | 78 | 2026 |
 Malta |
4,288 | 19.5 | 34 | 2026 |
 Serbia |
4,208 | 5.1 | 10 | 2026 |
 Palestine |
4,019 | 18.6 | 49 | 2026 |
 Montenegro |
3,919 | 51.2 | 112 | 2026 |
 Mongolia |
3,850 | 18.5 | 178 | 2026 |
 Papua New Guinea |
3,520 | 10.5 | 14 | 2026 |
 Mozambique |
3,396 | 12.8 | 16 | 2026 |
 Costa Rica |
2,910 | 3.2 | 52 | 2026 |
 Slovakia |
2,654 | 2.1 | 62 | 2026 |
 Kyrgyzstan |
2,517 | 21.5 | 20 | 2026 |
 Barbados |
2,387 | 42.1 | 19 | 2026 |
 Syria |
2,158 | 15.0 | 27 | 2026 |
 Azerbaijan |
1,920 | 2.5 | 36 | 2026 |
 Namibia |
1,820 | 13.5 | 34 | 2026 |
 Bermuda |
1,450 | 18.2 | 45 | 2026 |
 Armenia |
1,270 | 5.2 | 12 | 2026 |
 Seychelles |
1,213 | 62.0 | 41 | 2026 |
 Cayman Islands |
850 | 14.0 | 200 | 2026 |
 Latvia |
496 | 1.2 | 20 | 2026 |
 Myanmar |
315 | 0.5 | 8 | 2026 |
 Sudan |
210 | 0.8 | 54 | 2026 |
 Georgia |
179 | 0.6 | 29 | 2026 |
 Laos |
92 | 0.6 | 11 | 2026 |
Historical development of world market cap
| Year | World market cap | Number of listed companies | |
|---|---|---|---|
| Millions of US$[8] |
% of GDP[9] | ||
| 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 |
| 2023 | 101,497,716 | 94.9 | 53,298 |
| 2024 | 120,809,774 | 107.8 | 53,601 |
| 2025 | 136,287,177 | 116.3 | 60,392 |