Which Stock Market is the Biggest by Country?

Market Capitalisation of Listed Companies (USD) (USD bil), 2018 or latest
Investments & Pensions | May 17, 2019
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Excel Sheet

Based on a comparison of 66 countries in 2018, USA ranked the highest in market capitalisation of listed companies with USD 30,436,313 bil followed by China and Japan. On the other end of the scale was Namibia with USD 2,462 bil, Costa Rica with USD 3,011 bil and Cyprus with USD 3,313 bil.

Total market capitalisation of listed companies reached USD 65,660,978 bil in 2018 in the World according to OECD. This is 20.7 % less than in the previous year and 50.9 % more than 10 years ago.

Historically, total market capitalisation of listed companies reached an all time high of USD 79,229,879 bil in 2017 and an all time low of USD 1,218,642 bil in 1975. The average annual growth amounted to 9.71 % since 1975.

The top ranked country, USA, accounted for 46.4 % of market capitalisation of listed companies in the world. The top 3 countries hold a 64.1 % share while the ten largest countries some 87.2 % in 2018.

Data for more countries are available at Market Capitalisation of Listed Companies (USD) indicator page.

Market Capitalisation of Listed Companies (USD) Unit 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Australia USD bil 1,386,874 1,365,958 1,288,708 1,187,083 1,268,494
Brazil USD bil 1,227,447 1,020,455 843,894 490,534 758,559
Canada USD bil 2,059,974 2,113,822 2,095,421 1,593,399 1,993,523
China USD bil 3,697,376 3,949,143 6,004,948 8,188,019 7,320,738
France USD bil 1,808,189 2,301,085 2,085,896 2,088,317 2,159,047 ...
Germany USD bil 1,486,315 1,936,106 1,738,539 1,715,800 1,716,042
Hong Kong USD bil 2,831,946 3,100,777 3,233,031 3,184,874 3,193,236
India USD bil 1,263,336 1,138,834 1,558,300 1,516,217 1,566,680
Japan USD bil 3,478,832 4,543,169 4,377,994 4,894,919 4,955,300
Netherlands USD bil 650,811 817,840 786,574 728,486 805,724 ...
South Africa USD bil 907,723 942,812 933,931 735,945 951,320
South Korea USD bil 1,179,419 1,234,549 1,212,759 1,231,200 1,254,541
Spain USD bil 995,088 1,116,561 992,914 787,192 704,551
Switzerland USD bil 1,233,439 1,540,700 1,495,314 1,519,323 1,403,356
USA USD bil 18,668,333 24,034,854 26,330,589 25,067,540 27,352,201