List of countries by stock market capitalization

The following list sorts countries by the total market capitalization of all domestic companies 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.

Source: Wikipedia

Article

List of countries by stock market capitalization

World map of stock market capitalization by country

Ranking

List of countries by stock market capitalization

<table><thead><tr><th>Country / Territory</th><th>Total market cap</th><th>Number of domestic companies</th><th>Data Year</th></tr></thead><tbody><tr><td>millions of US$</td><td>% of GDP</td></tr><tr><td> United States</td><td>65,000,609</td><td>219.1</td><td>4,600</td><td>2026</td></tr><tr><td> China</td><td>14,003,549</td><td>79.2</td><td>5,462</td><td>2026</td></tr><tr><td> Japan</td><td>7,941,403</td><td>172.4</td><td>3,933</td><td>2026</td></tr><tr><td> Hong Kong</td><td>7,348,205</td><td>1,484</td><td>2,673</td><td>2026</td></tr><tr><td> India</td><td>4,600,490</td><td>114.7</td><td>5,949</td><td>2026</td></tr><tr><td> Canada</td><td>4,185,315</td><td>157.8</td><td>3,800</td><td>2026</td></tr><tr><td> United Kingdom</td><td>3,838,724</td><td>98.6</td><td>1,900</td><td>2026</td></tr><tr><td> South Korea</td><td>3,449,118</td><td>190</td><td>2,446</td><td>2026</td></tr><tr><td> Taiwan</td><td>3,422,692</td><td>381.7</td><td>980</td><td>2026</td></tr><tr><td> France</td><td>3,290,314</td><td>103.3</td><td>457</td><td>2026</td></tr><tr><td> Germany</td><td>2,876,192</td><td>59.8</td><td>435</td><td>2026</td></tr><tr><td> Saudi Arabia</td><td>2,550,000</td><td>250</td><td>352</td><td>2026</td></tr><tr><td> Switzerland</td><td>2,200,000</td><td>195</td><td>250</td><td>2026</td></tr><tr><td> Netherlands</td><td>2,100,000</td><td>155</td><td>135</td><td>2026</td></tr><tr><td> Australia</td><td>1,970,243</td><td>102.4</td><td>2,245</td><td>2026</td></tr><tr><td> Spain</td><td>1,960,000</td><td>96.0</td><td>277</td><td>2026</td></tr><tr><td> Sweden</td><td>1,410,000</td><td>145</td><td>1,050</td><td>2026</td></tr><tr><td> South Africa</td><td>1,230,000</td><td>291.6</td><td>220</td><td>2026</td></tr><tr><td> United Arab Emirates</td><td>1,140,000</td><td>208.5</td><td>172</td><td>2026</td></tr><tr><td> Brazil</td><td>970,000</td><td>34.7</td><td>468</td><td>2026</td></tr><tr><td> Italy</td><td>950,000</td><td>32.1</td><td>290</td><td>2026</td></tr><tr><td> Indonesia</td><td>940,000</td><td>66.4</td><td>954</td><td>2026</td></tr><tr><td> Belgium</td><td>870,000</td><td>106.3</td><td>117</td><td>2026</td></tr><tr><td> Singapore</td><td>820,000</td><td>116.5</td><td>400</td><td>2026</td></tr><tr><td> Russia</td><td>650,500</td><td>31.4</td><td>194</td><td>2026</td></tr><tr><td> Denmark</td><td>650,000</td><td>156.8</td><td>178</td><td>2026</td></tr><tr><td> Mexico</td><td>611,000</td><td>22.5</td><td>129</td><td>2026</td></tr><tr><td> Thailand</td><td>568,000</td><td>98.7</td><td>860</td><td>2026</td></tr><tr><td> Israel</td><td>565,000</td><td>61.2</td><td>511</td><td>2026</td></tr><tr><td> Norway</td><td>515,000</td><td>73.4</td><td>180</td><td>2026</td></tr><tr><td> Malaysia</td><td>508,000</td><td>106.5</td><td>1,031</td><td>2026</td></tr><tr><td> Finland</td><td>390,000</td><td>95.9</td><td>134</td><td>2026</td></tr><tr><td> Philippines</td><td>345,000</td><td>54.6</td><td>280</td><td>2026</td></tr><tr><td> Vietnam</td><td>310,000</td><td>51.2</td><td>393</td><td>2026</td></tr><tr><td> Chile</td><td>305,000</td><td>79.3</td><td>437</td><td>2026</td></tr><tr><td> Turkey</td><td>285,000</td><td>28.6</td><td>551</td><td>2026</td></tr><tr><td> Ireland</td><td>298,000</td><td>24.7</td><td>43</td><td>2026</td></tr><tr><td> Poland</td><td>292,000</td><td>21.6</td><td>749</td><td>2026</td></tr><tr><td> Qatar</td><td>288,000</td><td>79.7</td><td>52</td><td>2026</td></tr><tr><td> Austria</td><td>224,500</td><td>23.2</td><td>68</td><td>2026</td></tr><tr><td> Greece</td><td>185,660</td><td>78.4</td><td>150</td><td>2026</td></tr><tr><td> Iran</td><td>170,500</td><td>39.3</td><td>594</td><td>2026</td></tr><tr><td> Kuwait</td><td>155,475</td><td>88.3</td><td>138</td><td>2026</td></tr><tr><td> Colombia</td><td>144,080</td><td>40.5</td><td>60</td><td>2026</td></tr><tr><td> Romania</td><td>130,960</td><td>38.2</td><td>84</td><td>2026</td></tr><tr><td> Portugal</td><td>111,000</td><td>36.1</td><td>40</td><td>2026</td></tr><tr><td> Morocco</td><td>110,880</td><td>72.0</td><td>76</td><td>2026</td></tr><tr><td> Argentina</td><td>105,300</td><td>16.5</td><td>90</td><td>2026</td></tr><tr><td> New Zealand</td><td>100,500</td><td>35.7</td><td>112</td><td>2026</td></tr><tr><td> Nigeria</td><td>90,810</td><td>19.5</td><td>156</td><td>2026</td></tr><tr><td> Kazakhstan</td><td>89,170</td><td>34.8</td><td>100</td><td>2026</td></tr><tr><td> Peru</td><td>84,800</td><td>26.5</td><td>176</td><td>2026</td></tr><tr><td> Hungary</td><td>83,230</td><td>42.5</td><td>68</td><td>2026</td></tr><tr><td> Oman</td><td>80,080</td><td>68.5</td><td>110</td><td>2026</td></tr><tr><td> Bangladesh</td><td>75,800</td><td>18.5</td><td>400</td><td>2026</td></tr><tr><td> Egypt</td><td>67,770</td><td>16.8</td><td>215</td><td>2026</td></tr><tr><td> Pakistan</td><td>67,740</td><td>18.0</td><td>561</td><td>2026</td></tr><tr><td> Czech Republic</td><td>42,500</td><td>10.2</td><td>63</td><td>2026</td></tr><tr><td> Luxembourg</td><td>41,862</td><td>50.2</td><td>28</td><td>2026</td></tr><tr><td> Jordan</td><td>38,140</td><td>75.0</td><td>170</td><td>2026</td></tr><tr><td> Cyprus</td><td>35,020</td><td>105.1</td><td>93</td><td>2026</td></tr><tr><td> Nepal</td><td>33,600</td><td>74.5</td><td>333</td><td>2026</td></tr><tr><td> Croatia</td><td>32.76</td><td>41.5</td><td>100</td><td>2026</td></tr><tr><td> Ivory Coast</td><td>28,980</td><td>31.4</td><td>46</td><td>2026</td></tr><tr><td> Kenya</td><td>26,430</td><td>23.5</td><td>63</td><td>2026</td></tr><tr><td> Slovenia</td><td>24,930</td><td>35.2</td><td>26</td><td>2026</td></tr><tr><td> Ghana</td><td>22,060</td><td>28.5</td><td>42</td><td>2026</td></tr><tr><td> Iceland</td><td>21,480</td><td>70.0</td><td>34</td><td>2026</td></tr><tr><td> Bahrain</td><td>20,188</td><td>45.0</td><td>40</td><td>2026</td></tr><tr><td> Sri Lanka</td><td>19,689</td><td>22.5</td><td>284</td><td>2026</td></tr><tr><td> Lebanon</td><td>18,950</td><td>35.0</td><td>10</td><td>2026</td></tr><tr><td> Uzbekistan</td><td>18,744</td><td>18.0</td><td>100</td><td>2026</td></tr><tr><td> Panama</td><td>18,288</td><td>21.2</td><td>90</td><td>2026</td></tr><tr><td>Malawi</td><td>14,910</td><td>110.5</td><td>16</td><td>2026</td></tr><tr><td> Jamaica</td><td>12,830</td><td>29.1</td><td>101</td><td>2026</td></tr><tr><td> Tunisia</td><td>11,600</td><td>22.4</td><td>82</td><td>2026</td></tr><tr><td> Ecuador</td><td>11,360</td><td>9.2</td><td>50</td><td>2026</td></tr><tr><td> Zambia</td><td>7,765</td><td>27.7</td><td>25</td><td>2026</td></tr><tr><td> Tanzania</td><td>7,320</td><td>8.7</td><td>28</td><td>2026</td></tr><tr><td>Lithuania</td><td>6,930</td><td>8.3</td><td>45</td><td>2026</td></tr><tr><td> Mauritius</td><td>6,450</td><td>38.2</td><td>170</td><td>2026</td></tr><tr><td>North Macedonia</td><td>6,111</td><td>38.4</td><td>30</td><td>2026</td></tr><tr><td> Belarus</td><td>6,011</td><td>7.7</td><td>50</td><td>2026</td></tr><tr><td>Estonia</td><td>5,745</td><td>12.8</td><td>19</td><td>2026</td></tr><tr><td> Algeria</td><td>5,130</td><td>2.3</td><td>6</td><td>2026</td></tr><tr><td> Botswana</td><td>4,707</td><td>22.5</td><td>31</td><td>2026</td></tr><tr><td> Rwanda</td><td>4,600</td><td>30.0</td><td>10</td><td>2026</td></tr><tr><td> Bulgaria</td><td>4,550</td><td>4.2</td><td>300</td><td>2026</td></tr><tr><td>Bosnia and Herzegovina</td><td>4,530</td><td>15.1</td><td>400</td><td>2026</td></tr><tr><td> Ukraine</td><td>4,420</td><td>2.5</td><td>78</td><td>2026</td></tr><tr><td> Malta</td><td>4,288</td><td>19.5</td><td>34</td><td>2026</td></tr><tr><td> Serbia</td><td>4,208</td><td>5.1</td><td>10</td><td>2026</td></tr><tr><td> Palestine</td><td>4,019</td><td>18.6</td><td>49</td><td>2026</td></tr><tr><td> Montenegro</td><td>3,919</td><td>51.2</td><td>112</td><td>2026</td></tr><tr><td>Mongolia</td><td>3,850</td><td>18.5</td><td>178</td><td>2026</td></tr><tr><td> Papua New Guinea</td><td>3,520</td><td>10.5</td><td>14</td><td>2026</td></tr><tr><td>Mozambique</td><td>3,396</td><td>12.8</td><td>16</td><td>2026</td></tr><tr><td> Costa Rica</td><td>2,910</td><td>3.2</td><td>52</td><td>2026</td></tr><tr><td> Slovakia</td><td>2,654</td><td>2.1</td><td>62</td><td>2026</td></tr><tr><td>Kyrgyzstan</td><td>2,517</td><td>21.5</td><td>20</td><td>2026</td></tr><tr><td> Barbados</td><td>2,387</td><td>42.1</td><td>19</td><td>2026</td></tr><tr><td>Syria</td><td>2,158</td><td>15.0</td><td>27</td><td>2026</td></tr><tr><td> Azerbaijan</td><td>1,920</td><td>2.5</td><td>36</td><td>2026</td></tr><tr><td> Namibia</td><td>1,820</td><td>13.5</td><td>34</td><td>2026</td></tr><tr><td> Bermuda</td><td>1,450</td><td>18.2</td><td>45</td><td>2026</td></tr><tr><td> Armenia</td><td>1,270</td><td>5.2</td><td>12</td><td>2026</td></tr><tr><td> Seychelles</td><td>1,213</td><td>62.0</td><td>41</td><td>2026</td></tr><tr><td> Cayman Islands</td><td>850</td><td>14.0</td><td>200</td><td>2026</td></tr><tr><td>Latvia</td><td>496</td><td>1.2</td><td>20</td><td>2026</td></tr><tr><td>Myanmar</td><td>315</td><td>0.5</td><td>8</td><td>2026</td></tr><tr><td>Sudan</td><td>210</td><td>0.8</td><td>54</td><td>2026</td></tr><tr><td>Georgia</td><td>179</td><td>0.6</td><td>29</td><td>2026</td></tr><tr><td>Laos</td><td>92</td><td>0.6</td><td>11</td><td>2026</td></tr></tbody></table>

Historical development of world market cap

List of countries by stock market capitalization

<table><thead><tr><th>Year</th><th>World market cap</th><th>Number of listed companies</th></tr></thead><tbody><tr><td>Millions of US$</td><td>% of GDP</td></tr><tr><td>1975</td><td>1,149,245</td><td>27.2</td><td>14,577</td></tr><tr><td>1980</td><td>2,525,736</td><td>29.6</td><td>17,273</td></tr><tr><td>1985</td><td>4,684,978</td><td>47.0</td><td>20,555</td></tr><tr><td>1990</td><td>9,519,107</td><td>50.8</td><td>23,732</td></tr><tr><td>1991</td><td>11,340,785</td><td>56.8</td><td>24,666</td></tr><tr><td>1992</td><td>10,819,256</td><td>50.2</td><td>24,947</td></tr><tr><td>1993</td><td>13,897,390</td><td>61.7</td><td>28,300</td></tr><tr><td>1994</td><td>14,639,924</td><td>60.9</td><td>30,290</td></tr><tr><td>1995</td><td>17,263,728</td><td>64.0</td><td>33,379</td></tr><tr><td>1996</td><td>19,806,691</td><td>72.3</td><td>35,617</td></tr><tr><td>1997</td><td>22,029,761</td><td>80.7</td><td>36,946</td></tr><tr><td>1998</td><td>24,555,201</td><td>89.6</td><td>37,928</td></tr><tr><td>1999</td><td>33,181,159</td><td>115.1</td><td>38,414</td></tr><tr><td>2000</td><td>30,925,434</td><td>101.1</td><td>39,892</td></tr><tr><td>2001</td><td>26,792,162</td><td>88.4</td><td>40,157</td></tr><tr><td>2002</td><td>22,802,792</td><td>72.7</td><td>38,894</td></tr><tr><td>2003</td><td>31,107,425</td><td>84.9</td><td>41,051</td></tr><tr><td>2004</td><td>36,540,980</td><td>89.2</td><td>38,724</td></tr><tr><td>2005</td><td>40,512,446</td><td>92.6</td><td>39,096</td></tr><tr><td>2006</td><td>50,074,966</td><td>106.1</td><td>43,104</td></tr><tr><td>2007</td><td>60,456,082</td><td>114.0</td><td>44,034</td></tr><tr><td>2008</td><td>32,418,516</td><td>56.2</td><td>43,949</td></tr><tr><td>2009</td><td>47,471,293</td><td>83.8</td><td>42,669</td></tr><tr><td>2010</td><td>54,259,518</td><td>87.3</td><td>43,427</td></tr><tr><td>2011</td><td>47,521,341</td><td>68.8</td><td>44,323</td></tr><tr><td>2012</td><td>54,503,237</td><td>78.4</td><td>43,772</td></tr><tr><td>2013</td><td>64,367,842</td><td>89.0</td><td>44,853</td></tr><tr><td>2014</td><td>67,177,254</td><td>90.3</td><td>45,743</td></tr><tr><td>2015</td><td>62,268,184</td><td>94.5</td><td>43,983</td></tr><tr><td>2016</td><td>65,117,714</td><td>97.1</td><td>43,806</td></tr><tr><td>2017</td><td>79,501,948</td><td>111.1</td><td>43,440</td></tr><tr><td>2018</td><td>68,893,044</td><td>91.9</td><td>45,050</td></tr><tr><td>2019</td><td>78,825,583</td><td>108.4</td><td>49,921</td></tr><tr><td>2020</td><td>93,686,226</td><td>133.4</td><td>49,839</td></tr><tr><td>2021</td><td>111,159,259</td><td>131.8</td><td>51,337</td></tr><tr><td>2022</td><td>93,688,922</td><td>106.2</td><td>47,926</td></tr><tr><td>2023</td><td>101,497,716</td><td>94.9</td><td>53,298</td></tr><tr><td>2024</td><td>120,809,774</td><td>107.8</td><td>53,601</td></tr><tr><td>2025</td><td>136,287,177</td><td>116.3</td><td>60,392</td></tr></tbody></table>