List of countries by stock market capitalization
From Wikipedia, the free encyclopedia
The following list countries by the 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 $80 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 $20 trillion in stock market capitalization as of 2026.
Data below regarding the Chinese market is accounted for by adding mainland Chinese stock market capitalizations to mainland-based companies trading their stocks in the Hong Kong markets, thus arriving at the figure below, which may differ from other sources who do not cross border count and take consideration in these fluctuations.
Ranking
| Country / Territory | Total market cap | Number of domestic companies[3] |
Data Year | |
|---|---|---|---|---|
| millions of US$[4][5] |
% of GDP[6][7] | |||
 United States |
82,700,000 | 227.0 | 4,600 | 2026 |
 China |
21,170,000 | 101.5 | 5,462 | 2026 |
 Japan |
8,580,000 | 156.7 | 3,933 | 2026 |
 Taiwan |
5,340,000 | 520 | 381.7 | 2026 |
 India |
4,950,000 | 131.2 | 5946 | 2026 |
 United Kingdom |
4,860,000 | 98.6 | 1,900 | 2026 |
 South Korea |
4,510,000 | 262.6 | 5,949 | 2026 |
 Canada |
4,450,000 | 157.8 | 3,800 | 2026 |
 France |
3,080,000 | 103.3 | 457 | 2026 |
 Germany |
3,036,000 | 59.8 | 435 | 2026 |
 Switzerland |
2,840,000 | 195 | 250 | 2026 |
 Saudi Arabia |
2,480,000 | 250 | 352 | 2026 |
 Australia |
2,140,000 | 102.4 | 2,245 | 2026 |
 Netherlands |
2,010,000 | 155 | 135 | 2026 |
 Sweden |
1,420,000 | 184.3 | 1,050 | 2026 |
 Spain |
1,400,000 | 96.0 | 277 | 2026 |
 Brazil |
1,200,000 | 34.7 | 468 | 2026 |
 United Arab Emirates |
1,080,000 | 208.5 | 172 | 2026 |
 Hong Kong |
1,030,000 | 224.8 | 2,673 | 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 |
 Denmark |
633,930 | 156.8 | 178 | 2026 |
 Mexico |
626,830 | 22.5 | 129 | 2026 |
 Russia |
601,560 | 31.4 | 194 | 2026 |
 Thailand |
568,000 | 98.7 | 860 | 2026 |
 Israel |
565,000 | 61.2 | 511 | 2026 |
 South Africa |
551,740 | 291.6 | 220 | 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 |
59,204 | 11.608 | 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 |