Country rankings
Stock Market Capitalization by Country
United States has the highest Total Market Capitalization ($40.3T), followed by China ($11.47T) and Japan ($5.38T). Bermuda has the lowest ($207M).
102 of 235 countries
Total Market Capitalization
Darker means higher. Click a place to highlight it.
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Ranking
Highest first: the first 15 and last 5 of 102 countries.
Distribution Median and middle halfThe median is the middle value: half of places are above it, half below. The middle half is the range holding the central 50% of places.More in the glossary →
Each dot is one country; the lines mark the median and the middle half.
Median
$40.87B
Middle half $5.24B – $368.41B
Average
$955.47B
102 countries
Highest
$40.3T
United States
Lowest
$207M
Bermuda
Data
Click a column to sort, a row to highlight that place on the charts.
102 countries · # = rank by Total Market Capitalization
| # | |||||
|---|---|---|---|---|---|
| 1 |  United States | $40.3T | 155.0% | 4,642 | 2022 |
| 2 |  China | $11.47T | 64.1% | 11,497 | 2022 |
| 3 |  Japan | $5.38T | 126.4% | 3,865 | 2022 |
| 4 |  Hong Kong | $4.57T | 1,273.2% | 2,414 | 2022 |
| 5 |  India | $3.6T | 107.5% | 2,168 | 2022 |
| 6 |  United Kingdom | $3.1T | 99.4% | — | 2022 |
| 7 |  Canada | $2.74T | 127.0% | 3,534 | 2022 |
| 8 |  Saudi Arabia | $2.64T | 238.0% | 269 | 2022 |
| 9 |  France | $2.37T | 85.1% | 457 | 2018 |
| 10 |  Germany | $1.89T | 45.4% | 429 | 2022 |
| 11 |  Switzerland | $1.83T | 223.7% | — | 2022 |
| 12 |  Australia | $1.68T | 99.3% | 1,976 | 2022 |
| 13 |  South Korea | $1.64T | 98.2% | 2,446 | 2022 |
| 14 |  Iran | $1.61T | 409.0% | 546 | 2022 |
| 15 |  South Africa | $1.17T | 288.0% | 237 | 2022 |
| 16 |  Netherlands | $1.1T | 129.7% | 103 | 2017 |
| 17 |  United Arab Emirates | $873.56B | 173.8% | 153 | 2022 |
| 18 |  Brazil | $794.42B | 40.7% | 361 | 2022 |
| 19 |  Spain | $665.5B | 46.0% | 1,472 | 2022 |
| 20 |  Singapore | $619.36B | 124.3% | 425 | 2022 |
| 21 |  Indonesia | $610.29B | 46.3% | 825 | 2022 |
| 22 |  Thailand | $604.36B | 121.9% | 810 | 2022 |
| 23 |  Italy | $587.31B | 27.0% | 290 | 2014 |
| 24 |  Russia | $530.1B | 23.4% | 195 | 2022 |
| 25 |  Mexico | $454.37B | 31.0% | 133 | 2022 |
| 26 |  Malaysia | $381.21B | 93.5% | 963 | 2022 |
| 27 |  Turkey | $330.01B | 36.4% | 461 | 2022 |
| 28 |  Belgium | $321.09B | 59.2% | — | 2018 |
| 29 |  Norway | $295.55B | 72.3% | — | 2019 |
| 30 |  Sweden | $289.88B | 86.8% | 278 | 2003 |
| 31 |  Chile | $285.23B | 94.4% | 400 | 2022 |
| 32 |  Israel | $269.64B | 51.4% | 518 | 2022 |
| 33 |  Philippines | $238.58B | 59.0% | 283 | 2022 |
| 34 |  Vietnam | $170.15B | 41.5% | 402 | 2022 |
| 35 |  Qatar | $166.78B | 70.8% | — | 2022 |
| 36 |  Kuwait | $152.68B | 83.0% | 148 | 2022 |
| 37 |  Denmark | $151.35B | 60.1% | 178 | 2004 |
| 38 |  Poland | $147.66B | 21.2% | 773 | 2022 |
| 39 |  Austria | $123.05B | 26.1% | 66 | 2022 |
| 40 |  Ireland | $110.15B | 27.9% | 43 | 2018 |
| 41 |  New Zealand | $97.55B | 39.5% | 123 | 2022 |
| 42 |  Nigeria | $91.44B | 19.2% | 173 | 2022 |
| 43 |  Peru | $71.31B | 28.9% | 186 | 2022 |
| 44 |  Colombia | $68.41B | 19.8% | 63 | 2022 |
| 45 |  Portugal | $61.93B | 25.6% | 40 | 2018 |
| 46 |  Greece | $59.04B | 27.0% | 154 | 2022 |
| 47 |  Morocco | $53.71B | 41.0% | 75 | 2022 |
| 48 |  Argentina | $52.95B | 8.4% | — | 2022 |
| 49 |  Luxembourg | $50.9B | 62.3% | 28 | 2022 |
| 50 |  Kazakhstan | $45.77B | 20.3% | 92 | 2022 |
| 51 |  Bangladesh | $42.89B | 9.3% | 354 | 2022 |
| 52 |  Egypt | $38.85B | 8.2% | 239 | 2022 |
| 53 |  Botswana | $31.02B | 152.7% | 23 | 2022 |
| 54 |  Bahrain | $30.26B | 64.8% | 41 | 2022 |
| 55 |  Romania | $28.98B | 9.8% | 81 | 2022 |
| 56 |  Czechia | $28.81B | 9.5% | 24 | 2022 |
| 57 |  Pakistan | $28.71B | 7.7% | 494 | 2022 |
| 58 |  Jordan | $25.43B | 52.2% | 170 | 2022 |
| 59 |  Hungary | $23.87B | 13.5% | 62 | 2022 |
| 60 |  Oman | $22.27B | 19.9% | 110 | 2022 |
| 61 |  Finland | $20.34B | 10.3% | 134 | 2004 |
| 62 |  Croatia | $19.34B | 27.2% | 91 | 2022 |
| 63 |  Kenya | $16.11B | 14.1% | 59 | 2022 |
| 64 |  Bulgaria | $15.7B | 17.3% | 201 | 2022 |
| 65 |  Panama | $15.63B | 20.5% | 33 | 2022 |
| 66 |  Jamaica | $13.05B | 76.4% | 95 | 2022 |
| 67 |  Sri Lanka | $10.6B | 14.3% | 290 | 2022 |
| 68 |  Lebanon | $10.58B | 45.7% | 10 | 2021 |
| 69 |  Mauritius | $8.57B | 66.3% | 89 | 2022 |
| 70 |  Slovenia | $8.17B | 13.6% | 24 | 2022 |
| 71 |  Tunisia | $7.75B | 17.4% | 82 | 2022 |
| 72 |  Ivory Coast | $7.33B | 11.6% | 46 | 2020 |
| 73 |  Tanzania | $6.7B | 8.8% | 22 | 2022 |
| 74 |  Cyprus | $6.53B | 21.1% | 92 | 2022 |
| 75 |  Ghana | $6.46B | 8.7% | 30 | 2022 |
| 76 |  Slovakia | $5.38B | 5.3% | — | 2014 |
| 77 |  Uzbekistan | $5.19B | — | — | 2022 |
| 78 |  Palestine | $4.9B | 25.6% | 49 | 2022 |
| 79 |  Ukraine | $4.42B | 3.4% | 78 | 2018 |
| 80 |  Malta | $4.36B | 22.7% | 33 | 2022 |
| 81 |  Serbia | $4.06B | 7.9% | — | 2011 |
| 82 |  Zambia | $4.04B | 13.8% | 22 | 2022 |
| 83 |  Venezuela | $3.98B | 4.3% | 57 | 2002 |
| 84 |  Trinidad and Tobago | $3.89B | 44.1% | 26 | 2001 |
| 85 |  Montenegro | $3.79B | 92.7% | 146 | 2012 |
| 86 |  Rwanda | $3.44B | 25.9% | — | 2022 |
| 87 |  Barbados | $2.78B | 53.8% | 15 | 2020 |
| 88 |  Belarus | $2.5B | 3.4% | 14 | 2022 |
| 89 |  Zimbabwe | $2.46B | 35.9% | 69 | 1999 |
| 90 |  Costa Rica | $2.23B | 3.2% | 9 | 2022 |
| 91 |  Namibia | $2.16B | 17.2% | 14 | 2022 |
| 92 |  Papua New Guinea | $1.68B | 7.4% | — | 2017 |
| 93 |  Azerbaijan | $1.47B | — | 29 | 2022 |
| 94 |  Seychelles | $1.22B | 59.1% | 46 | 2022 |
| 95 |  Ecuador | $747M | 4.3% | 26 | 2000 |
| 96 |  Cayman Islands | $644.32M | 11.4% | 4 | 2020 |
| 97 |  Algeria | $371.42M | 0.2% | — | 2018 |
| 98 |  Paraguay | $312.8M | 3.5% | 55 | 1999 |
| 99 |  Uruguay | $283.8M | 1.4% | 18 | 1996 |
| 100 |  Armenia | $252.67M | — | 12 | 2022 |
| 101 |  Eswatini | $234.26M | 6.8% | 6 | 2007 |
| 102 |  Bermuda | $207M | 2.6% | 10 | 2022 |
What correlates with Total Market Capitalization?
Pearson r against 1,673 other country metrics sharing at least 62 countries. Correlation is not causation.
Higher together
Places that have a higher Total Market Capitalization tend to score higher on these
Opposite directions
Places that have a higher Total Market Capitalization tend to score lower on these
Quick answers
- Which country has the highest Total Market Capitalization?
- United States has the highest Total Market Capitalization, at $40.3T, followed by China ($11.47T) and Japan ($5.38T).
- Which country has the lowest Total Market Capitalization?
- Bermuda has the lowest Total Market Capitalization, at $207M.
- What is the median Total Market Capitalization across countries?
- The median is $40.87B across the 102 countries with data.
- Where does this stock market capitalization by country data come from?
- Rankodex compiles it from World Population Review and the primary sources it cites: Market capitalization of listed domestic companies (current US$) - World Bank; Market capitalization of listed domestic companies (% of GDP) - World Bank; Listed domestic companies, total - World Bank; List of countries by stock market capitalization - Wiki.