Japan vs United States: Market capitalization of listed domestic companies (current US$)
Market capitalization of listed domestic companies (current US$) over time
- Japan
- United States
How they compare
United States currently reports 68.94 trillion current US$ against 7.61 trillion current US$ in Japan, a difference of 61.33 trillion current US$.
That makes United States's figure about 9.1 times Japan's.
The two have swapped places 2 times across 51 shared years of data; in 1975 it was United States ahead.
Japan ranks 4th and United States ranks 1st of 99 countries.
United States has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Japan | United States | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 133.51 billion current US$ | 855.34 billion current US$ | 721.83 billion current US$ | United States |
| 1980s | 1.59 trillion current US$ | 2.10 trillion current US$ | 511.17 billion current US$ | United States |
| 1990s | 3.02 trillion current US$ | 7.61 trillion current US$ | 4.59 trillion current US$ | United States |
| 2000s | 3.39 trillion current US$ | 15.39 trillion current US$ | 12.00 trillion current US$ | United States |
| 2010s | 4.71 trillion current US$ | 25.10 trillion current US$ | 20.39 trillion current US$ | United States |
| 2020s | 6.45 trillion current US$ | 51.75 trillion current US$ | 45.30 trillion current US$ | United States |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher market capitalization of listed domestic companies, Japan or United States?
- United States, at 68.94 trillion current US$ against 7.61 trillion current US$ in Japan as of 2025.
- What is the difference in market capitalization of listed domestic companies between Japan and United States?
- 61.33 trillion current US$, with United States ahead.
- How many years of comparable data are there for Japan and United States?
- 51 years are reported by both, from 1975 to 2025.
- How do Japan and United States rank globally for market capitalization of listed domestic companies?
- Japan ranks 4th and United States ranks 1st of 99 countries.
- Where does this data come from?
- World Federation of Exchanges database, World Federation of Exchanges (WFE), published as Market capitalization of listed domestic companies (current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Market capitalization (also known as market value) is the share price times the number of shares outstanding (including their several classes) for listed domestic companies. Investment funds, unit trusts, and companies whose only business goal is to hold shares of other listed companies are excluded. Data are end of year values converted to U.S. dollars using corresponding year-end foreign exchange rates.