List of countries by stock market capitalization
- ≥ $5 trillion
- $2 trillion–$5 trillion
- $1 trillion–$2 trillion
- $750 billion–$1 trillion
- $500 billion–$750 billion
- $250 billion–$500 billion
- $100 billion–$250 billion
- $50 billion–$100 billion
- $25 billion–$50 billion
- $10 billion–$25 billion
- $5 billion–$10 billion
- $1 billion–$5 billion
- < $1 billion
- Data unavailable
The following list sorts countries by the total market capitalization of all domestic companies[1] listed in the country, according to data from the World Bank. Market capitalization, commonly called market cap, is the market value of a publicly traded company's outstanding shares.[2]
Ranking
| Country / Territory | Total market cap | Number of domestic companies[3] | Data Year | |
|---|---|---|---|---|
| millions of US$[4][5] | % of GDP[6][7] | |||
.png){kind=small} United States | 62,185,685 | 213.1 | 4,010 | 2024 |
 China | 11,870,548 | 62.7 | 11,231 | 2025 |
 Japan | 6,358,159 | 156.7 | 3,971 | 2025 |
 India | 5,320,626 | 127 | 5,707 | 2025 |
 Hong Kong | 5,022,179 | 131.1 | 2,673 | 2025 |
.svg.png){kind=small} Canada | 3,499,751 | 150.6 | 4,226 | 2025 |
 France | 3,421,737 | 127.9 | 457 | 2025 |
 United Kingdom | 3,182,091 | 83.8 | 1,606 | 2025 |
 Saudi Arabia | 2,667,273 | 220.4 | 352 | 2025 |
 Taiwan | 2,251,495 | 289.2 | — | 2025 |
 Germany | 2,044,249 | 43.9 | 435 | 2024 |
.svg.png){kind=small} Switzerland | 1,881,413 | 210.5 | 206 | 2025 |
.svg.png){kind=small} Australia | 1,878,429 | 99.1 | 1,853 | 2025 |
 Iran | 1,743,023 | 39.3 | 594 | 2023 |
 South Korea | 1,680,766 | 90.4 | 2,599 | 2025 |
 Netherlands | 1,644,047 | 133.7 | 103 | 2025 |
 Spain | 1,357,381 | 43.8 | 277 | 2025 |
 Sweden | 1,109,657 | 171.0 | 278 | 2025 |
 United Arab Emirates | 1,048,490 | 196.3 | 154 | 2025 |
 South Africa | 985,697 | 246.3 | 220 | 2024 |
 Italy | 747,439 | 32.1 | 290 | 2023 |
 Brazil | 704,236 | 30.2 | 331 | 2025 |
.svg.png){kind=small} Belgium | 689,117 | 106.3 | 117 | 2024 |
 Indonesia | 661,308 | 55.7 | 903 | 2025 |
 Russia | 650,488 | 31.4 | 194 | 2023 |
 Singapore | 644,807 | 116.5 | 400 | 2025 |
 Denmark | 642,539 | 156.8 | 178 | 2024 |
 Thailand | 519,672 | 98.7 | 860 | 2024 |
 Mexico | 451,056 | 22.5 | 129 | 2025 |
 Malaysia | 405,860 | 106.5 | 1,031 | 2025 |
 Turkey | 366,750 | 28.6 | 551 | 2025 |
 Norway | 351,244 | 73.4 | 180 | 2025 |
 Israel | 350,900 | 61.2 | 511 | 2025 |
 Philippines | 324,833 | 54.6 | 280 | 2025 |
 Finland | 278,027 | 95.9 | 134 | 2025 |
 Chile | 262,011 | 79.3 | 437 | 2024 |
 Vietnam | 220,052 | 51.2 | 393 | 2025 |
 Poland | 197,361 | 21.6 | 749 | 2024 |
 Qatar | 168,527 | 79.7 | 52 | 2025 |
 Ireland | 157,585 | 24.7 | 43 | 2023 |
 Kuwait | 155,475 | 88.3 | 138 | 2025 |
 Austria | 146,839 | 23.2 | 68 | 2025 |
 New Zealand | 92,867 | 35.7 | 112 | 2024 |
.svg.png){kind=small} Portugal | 89,222 | 36.1 | 40 | 2025 |
 Bangladesh | 87,942 | 19.5 | 691 | 2024 |
 Morocco | 86,586 | 48.2 | 76 | 2025 |
 Greece | 83,199 | 32.4 | 143 | 2024 |
 Peru | 82,196 | 28.4 | 176 | 2024 |
 Romania | 77,188 | 12.4 | 83 | 2025 |
 Colombia | 72,638 | 17.4 | 60 | 2024 |
 Kazakhstan | 63,851 | 21.8 | 79 | 2025 |
 Oman | 58,932 | 20.3 | 110 | 2025 |
 Argentina | 52,948 | 8.4 | 85 | 2022 |
 Pakistan | 49,986 | 14.0 | 530 | 2025 |
 Hungary | 45,508 | 18.6 | 68 | 2024 |
 Nigeria | 45,036 | 29.0 | 169 | 2025 |
 Egypt | 44,801 | 10.9 | 246 | 2025 |
 Luxembourg | 41,862 | 44.9 | 28 | 2024 |
 Nepal | 33,645 | 76.8 | 251 | 2025 |
 Czech Republic | 34,621 | 10.0 | 25 | 2024 |
 Croatia | 30,586 | 30.1 | 81 | 2025 |
 Jordan | 26,784 | 46.7 | 162 | 2025 |
 Lebanon | 24,447 | 45.7 | 10 | 2025 |
 Iceland | 21,480 | 68.3 | 34 | 2025 |
 Bahrain | 20,188 | 42.8 | 39 | 2025 |
 Sri Lanka | 19,689 | 19.7 | 284 | 2025 |
 Uzbekistan | 18,744 | 16.4 | 89 | 2025 |
 Panama | 18,288 | 21.2 | 36 | 2024 |
 Ivory Coast | 16,234 | 16.7 | 46 | 2025 |
 Kenya | 16,071 | 12.0 | 59 | 2025 |
 Slovenia | 14,094 | 15.8 | 18 | 2025 |
 Jamaica | 12,429 | 62.4 | 101 | 2024 |
 Tunisia | 8,836 | 15.5 | 74 | 2025 |
 Ecuador | 8,340 | 6.9 | 26 | 2023 |
 Ghana | 8,231 | 9.1 | 30 | 2025 |
 Zambia | 7,765 | 29.5 | 20 | 2024 |
 Tanzania | 7,320 | 9.3 | 22 | 2024 |
 Mauritius | 7,052 | 61.0 | 93 | 2025 |
 Bulgaria | 6,501 | 7.5 | 204 | 2025 |
 Cyprus | 6,264 | 30.1 | 93 | 2025 |
 North Macedonia | 6,111 | 37.0 | — | 2025 |
 Belarus | 6,011 | 7.9 | 12 | 2024 |
 Estonia | 5,745 | 12.8 | 14 | 2025 |
 Lithuania | 5,477 | 6.2 | 45 | 2025 |
 Bosnia and Herzegovina | 5,293 | 20.2 | — | 2023 |
 Armenia | 4,847 | 18.8 | 12 | 2024 |
 Ukraine | 4,415 | 3.4 | 78 | 2018 |
 Malta | 4,288 | 17.6 | 34 | 2024 |
 Serbia | 4,208 | 4.8 | — | 2025 |
 Palestine | 4,019 | 29.8 | 48 | 2025 |
 Montenegro | 3,919 | 52.0 | 112 | 2025 |
 Botswana | 3,897 | 18.5 | 23 | 2025 |
 Algeria | 3,889 | 0.2 | — | 2025 |
 Malawi | 3,600 | 40.7 | — | 2025 |
 Mozambique | 3,203 | 13.7 | — | 2025 |
 Barbados | 2,780 | 53.8 | 15 | 2020 |
 Rwanda | 2,755 | 19.3 | 5 | 2025 |
 Georgia | 2,608 | 0.1 | — | 2025 |
 Slovakia | 2,507 | 1.8 | 67 | 2025 |
 Namibia | 2,480 | 18.5 | 12 | 2024 |
 Costa Rica | 2,232 | 3.2 | 9 | 2022 |
 Bermuda | 1,928 | 21.5 | 10 | 2024 |
 Kyrgyzstan | 1,847 | 9.3 | — | 2025 |
 Papua New Guinea | 1,682 | 7.4 | 6 | 2017 |
 Azerbaijan | 1,635 | 2.2 | 36 | 2024 |
.svg.png){kind=small} Syria | 1,400 | 5.9 | — | 2024 |
 Seychelles | 811 | 37.4 | 23 | 2024 |
 Cayman Islands | 644 | 11.4 | 4 | 2020 |
 Latvia | 408 | 1.0 | 56 | 2025 |
 Myanmar | 325 | — | — | 2025 |
 Sudan | 231 | 0.9 | — | 2021 |
 Laos | 83 | — | — | 2025 |
 Mongolia | 0.388 | 16.2 | — | 2025 |
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
- List of public corporations by market capitalization
- List of ASEAN stock exchanges by market capitalization
- List of stock exchanges
- Buffett indicator
- FTSE Global Equity Index Series, covering 17,000 stocks in 48 countries
References
- ^ "World Bank Open Data". World Bank Open Data. Retrieved 2025-04-30.
- ^ "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 | Economic Indicators | CEIC". www.ceicdata.com. Retrieved 2025-08-05.
- ^ "Market capitalization of listed domestic companies (% of GDP)". World Bank. Retrieved 2024-06-16.
- ^ "Market Capitalization to GDP | Economic Indicators | CEIC". www.ceicdata.com. Retrieved 2025-08-05.
Economic classification of countries | |||||
|---|---|---|---|---|---|
| Three/Four-World Model | |||||
| Gross domestic product (GDP) |
| ||||
| Gross national income and Income | |||||
| Wages and salary | |||||
| Wealth | |||||
| Other national accounts | |||||
| Human development | |||||
| Digital divide | |||||
| Net international investment position (NIIP) | |||||
