Japan vs United States: Market capitalization excluding top 10 companies to total market

Japan
82.7%
in 2020
United States
76.6%
in 2016
Japan rank
2nd
United States rank
3rd

Market capitalization excluding top 10 companies to total market over time

  • Japan
  • United States
020406080199820092020

How they compare

Japan currently reports 82.7% against 76.6% in United States, a difference of 6.1%.

That makes Japan's figure about 1.1 times United States's.

The two have swapped places 3 times across 19 shared years of data; in 1998 it was United States ahead.

Japan ranks 2nd and United States ranks 3rd of 51 countries.

Across the 3 decades both report, Japan averaged higher in 2 and United States in 1.

Head to head by decade

Decade Japan United States Difference Ahead
1990s 73.9% 70.5% 3.4% Japan
2000s 70.0% 73.1% 3.1% United States
2010s 77.2% 74.0% 3.3% Japan

Averages of every year both report within each decade.

Frequently asked questions

Which has higher market capitalization excluding top 10 companies to total market, Japan or United States?
Japan, at 82.7% against 76.6% in United States as of 2020.
What is the difference in market capitalization excluding top 10 companies to total market between Japan and United States?
6.1%, with Japan ahead.
How many years of comparable data are there for Japan and United States?
19 years are reported by both, from 1998 to 2016.
How do Japan and United States rank globally for market capitalization excluding top 10 companies to total market?
Japan ranks 2nd and United States ranks 3rd of 51 countries.
Where does this data come from?
World Federation of Exchanges, published as Market capitalization excluding top 10 companies to total market capitalization (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Japan vs United States: Market capitalization excluding top 10 companies to total market. Statizoid, drawing on World Federation of Exchanges. Retrieved 18 September 2026, from https://financial-sector.statizoid.com/compare/market-capitalization-excluding-top-10-companies-to-total-market-capitalization-percent/japan/united-states/

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About this data

Indicator
Market capitalization excluding top 10 companies to total market capitalization (%)
Unit
%
Source
World Federation of Exchanges
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
51 places, 902 data points, 1998–2020
Last refreshed

Value of listed shares outside of the top ten largest companies to total value of all listed shares.