Market capitalization of listed domestic companies (current US$) by country
Market capitalization (also known as market value) is the share price times the number of shares outstanding (including their several classes) for listed domestic companies. Investment funds, unit trusts, and companies whose only business goal is to hold shares of other listed companies are excluded. Data are end...
Countries reporting
99
Highest
68.94 trillion current US$
United States of America
Lowest
234.26 million current US$
Eswatini
Median
69.41 billion current US$
Years covered
51
1975–2025
Data points
3,776
What the numbers show
Market capitalization of listed domestic companies (current US$) is currently reported for 99 countries. The highest value is 68.94 trillion current US$ in United States of America; the lowest is 234.26 million current US$ in Eswatini.
The median across all reporting countries is 69.41 billion current US$, and the mean is 1.49 trillion current US$.
Over the past decade 85 countries rose and 14 fell. The largest increase was in Armenia (up 10,038.2%), and the largest decrease in Ukraine (down 88.6%).
Market capitalization of listed domestic companies: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | United States of America | 68.94 trillion current US$ | 2025 | up 175.0% | volatile |
| 2 | China | 15.51 trillion current US$ | 2025 | up 89.4% | volatile |
| 3 | India | 10.56 trillion current US$ | 2025 | up 505.1% | volatile |
| 4 | Japan | 7.61 trillion current US$ | 2025 | up 55.5% | volatile |
| 5 | Hong Kong, China | 6.09 trillion current US$ | 2025 | up 91.2% | volatile |
| 6 | Canada | 4.62 trillion current US$ | 2025 | up 190.0% | volatile |
| 7 | United Kingdom of Great Britain and Northern Ireland | 3.10 trillion current US$ | 2022 | down 5.9% | volatile |
| 8 | Germany | 2.90 trillion current US$ | 2025 | up 68.9% | volatile |
| 9 | Republic of Korea | 2.76 trillion current US$ | 2025 | up 123.9% | volatile |
| 10 | Switzerland | 2.51 trillion current US$ | 2025 | up 65.5% | volatile |
| 11 | France | 2.37 trillion current US$ | 2018 | up 60.7% | volatile |
| 12 | Saudi Arabia | 2.36 trillion current US$ | 2025 | up 460.2% | volatile |
| 13 | Australia | 2.05 trillion current US$ | 2025 | up 72.5% | volatile |
| 14 | South Africa | 1.40 trillion current US$ | 2025 | up 90.0% | volatile |
| 15 | Spain | 1.30 trillion current US$ | 2025 | up 64.8% | volatile |
| 16 | United Arab Emirates | 1.11 trillion current US$ | 2025 | up 467.4% | volatile |
| 17 | Netherlands | 1.10 trillion current US$ | 2017 | up 15.1% | volatile |
| 18 | Indonesia | 949.59 billion current US$ | 2025 | up 168.8% | volatile |
| 19 | Brazil | 871.44 billion current US$ | 2025 | up 77.7% | rising |
| 20 | Singapore | 824.34 billion current US$ | 2025 | up 28.8% | volatile |
| 21 | Russian Federation | 650.49 billion current US$ | 2023 | down 15.6% | falling |
| 22 | Italy | 587.31 billion current US$ | 2014 | down 25.6% | volatile |
| 23 | Mexico | 560.41 billion current US$ | 2025 | up 39.3% | volatile |
| 24 | Thailand | 512.38 billion current US$ | 2025 | up 46.9% | volatile |
| 25 | Malaysia | 487.45 billion current US$ | 2025 | up 27.3% | volatile |
| 26 | Chile | 486.73 billion current US$ | 2025 | up 155.7% | volatile |
| 27 | Türkiye | 404.35 billion current US$ | 2025 | up 114.1% | volatile |
| 28 | Israel | 330.88 billion current US$ | 2024 | up 65.0% | volatile |
| 29 | Belgium | 321.09 billion current US$ | 2018 | up 92.0% | volatile |
| 30 | Poland | 316.50 billion current US$ | 2025 | up 129.7% | volatile |
| 31 | Viet Nam | 316.00 billion current US$ | 2025 | up 438.0% | volatile |
| 32 | Norway | 295.55 billion current US$ | 2019 | up 30.1% | volatile |
| 33 | Sweden | 289.88 billion current US$ | 2003 | up 188.4% | volatile |
| 34 | Philippines | 232.06 billion current US$ | 2025 | down 2.8% | volatile |
| 35 | Austria | 211.15 billion current US$ | 2025 | up 119.8% | volatile |
| 36 | Iran, Islamic Republic of | 185.64 billion current US$ | 2025 | up 107.6% | volatile |
| 37 | Qatar | 176.91 billion current US$ | 2025 | up 24.1% | rising |
| 38 | Kuwait | 172.13 billion current US$ | 2025 | up 79.1% | volatile |
| 39 | Kazakhstan | 158.41 billion current US$ | 2025 | up 354.0% | volatile |
| 40 | Denmark | 151.35 billion current US$ | 2004 | up 222.0% | volatile |
| 41 | Colombia | 132.51 billion current US$ | 2025 | up 54.2% | falling |
| 42 | Greece | 128.98 billion current US$ | 2025 | up 206.5% | volatile |
| 43 | Morocco | 114.01 billion current US$ | 2025 | up 148.2% | rising |
| 44 | Ireland | 110.15 billion current US$ | 2018 | up 122.6% | rising |
| 45 | Peru | 105.16 billion current US$ | 2025 | up 85.9% | volatile |
| 46 | New Zealand | 103.17 billion current US$ | 2025 | up 38.8% | volatile |
| 47 | Nigeria | 86.94 billion current US$ | 2025 | up 74.0% | volatile |
| 48 | Romania | 70.89 billion current US$ | 2025 | up 282.4% | volatile |
| 49 | Pakistan | 70.29 billion current US$ | 2025 | up 26.6% | volatile |
| 50 | Luxembourg | 69.41 billion current US$ | 2025 | up 47.3% | volatile |
| 51 | Egypt | 62.88 billion current US$ | 2025 | up 13.9% | falling |
| 52 | Hungary | 62.59 billion current US$ | 2025 | up 253.9% | rising |
| 53 | Portugal | 61.93 billion current US$ | 2018 | down 10.1% | rising |
| 54 | Czechia | 55.36 billion current US$ | 2025 | up 105.3% | volatile |
| 55 | Argentina | 52.95 billion current US$ | 2022 | up 54.6% | volatile |
| 56 | Oman | 41.30 billion current US$ | 2025 | up 0.4% | volatile |
| 57 | Croatia | 37.90 billion current US$ | 2025 | up 105.8% | volatile |
| 58 | Jordan | 37.37 billion current US$ | 2025 | up 46.8% | falling |
| 59 | Cyprus | 27.93 billion current US$ | 2025 | up 937.2% | volatile |
| 60 | Panama | 27.18 billion current US$ | 2025 | up 106.3% | volatile |
| 61 | Bangladesh | 26.22 billion current US$ | 2025 | down 60.0% | volatile |
| 62 | Sri Lanka | 26.11 billion current US$ | 2025 | up 25.5% | volatile |
| 63 | Uzbekistan | 23.70 billion current US$ | 2025 | up 353.2% | volatile |
| 64 | Kenya | 22.83 billion current US$ | 2025 | up 123.8% | volatile |
| 65 | Bahrain | 21.31 billion current US$ | 2025 | up 10.7% | rising |
| 66 | Slovenia | 20.74 billion current US$ | 2025 | up 243.6% | volatile |
| 67 | Finland | 20.34 billion current US$ | 2004 | down 46.8% | volatile |
| 68 | Ghana | 16.44 billion current US$ | 2025 | up 430.7% | volatile |
| 69 | Zambia | 14.91 billion current US$ | 2025 | up 368.1% | volatile |
| 70 | Tunisia | 11.98 billion current US$ | 2025 | up 35.9% | rising |
| 71 | Jamaica | 11.59 billion current US$ | 2025 | up 96.4% | volatile |
| 72 | Bulgaria | 11.18 billion current US$ | 2025 | down 28.6% | volatile |
| 73 | Lebanon | 10.58 billion current US$ | 2021 | up 16.9% | volatile |
| 74 | Tanzania, United Republic of | 9.78 billion current US$ | 2025 | up 148.3% | volatile |
| 75 | Mauritius | 8.89 billion current US$ | 2025 | up 22.8% | volatile |
| 76 | Côte d'Ivoire | 7.33 billion current US$ | 2020 | up 2.4% | volatile |
| 77 | Belarus | 5.54 billion current US$ | 2025 | up 937.2% | volatile |
| 78 | Slovakia | 5.38 billion current US$ | 2014 | up 123.2% | volatile |
| 79 | Malta | 5.35 billion current US$ | 2025 | up 21.4% | rising |
| 80 | Palestine, State of | 4.94 billion current US$ | 2025 | up 48.0% | volatile |
| 81 | Armenia | 4.85 billion current US$ | 2024 | up 10,038.2% | volatile |
| 82 | Ukraine | 4.42 billion current US$ | 2018 | down 88.6% | volatile |
| 83 | Botswana | 4.28 billion current US$ | 2025 | up 6.1% | volatile |
| 84 | Serbia | 4.06 billion current US$ | 2011 | up 184.3% | volatile |
| 85 | Venezuela, Bolivarian Republic of | 3.98 billion current US$ | 2002 | down 49.0% | falling |
| 86 | Rwanda | 3.20 billion current US$ | 2025 | down 6.5% | falling |
| 87 | Barbados | 2.78 billion current US$ | 2020 | up 27.2% | volatile |
| 88 | Namibia | 2.48 billion current US$ | 2024 | up 6.1% | volatile |
| 89 | Zimbabwe | 2.46 billion current US$ | 1999 | up 71.1% | rising |
| 90 | Bermuda | 2.26 billion current US$ | 2025 | up 22.2% | falling |
| 91 | Costa Rica | 2.23 billion current US$ | 2022 | up 49.0% | rising |
| 92 | Papua New Guinea | 1.68 billion current US$ | 2017 | down 87.0% | volatile |
| 93 | Azerbaijan | 1.57 billion current US$ | 2025 | down 27.6% | volatile |
| 94 | Channel Islands | 1.48 billion current US$ | 2006 | up 829.8% | volatile |
| 95 | Ecuador | 747.00 million current US$ | 2000 | down 70.9% | falling |
| 96 | Seychelles | 646.44 million current US$ | 2025 | up 127.8% | falling |
| 97 | Cayman Islands | 644.32 million current US$ | 2020 | up 170.7% | volatile |
| 98 | Algeria | 371.42 million current US$ | 2018 | up 306.7% | volatile |
| 99 | Eswatini | 234.26 million current US$ | 2007 | up 81.0% | volatile |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- World 141.30 trillion current US$
- Chagai 1.48 billion current US$
- High income 108.35 trillion current US$
- Post-demographic dividend 100.31 trillion current US$
- OECD members 95.24 trillion current US$
- North America 73.56 trillion current US$
- East Asia & Pacific 40.67 trillion current US$
- IDA & IBRD total 33.89 trillion current US$
- IBRD only 33.59 trillion current US$
- Low & middle income 32.95 trillion current US$
- Middle income 32.94 trillion current US$
- Upper middle income 21.92 trillion current US$
- Late-demographic dividend 20.57 trillion current US$
- East Asia & Pacific (excluding high income) 18.01 trillion current US$
- East Asia & Pacific (IDA & IBRD countries) 18.01 trillion current US$
- Early-demographic dividend 17.05 trillion current US$
- Lower middle income 11.02 trillion current US$
- South Asia 10.61 trillion current US$
- South Asia (IDA & IBRD) 10.61 trillion current US$
- Europe & Central Asia 8.30 trillion current US$
- European Union 5.83 trillion current US$
- Euro area 5.59 trillion current US$
- Middle East, North Africa, Afghanistan & Pakistan 4.37 trillion current US$
- Arab World 4.11 trillion current US$
- Latin America & Caribbean 2.20 trillion current US$
- Latin America & the Caribbean (IDA & IBRD countries) 2.20 trillion current US$
- Latin America & Caribbean (excluding high income) 1.68 trillion current US$
- Europe & Central Asia (IDA & IBRD countries) 1.36 trillion current US$
- Sub-Saharan Africa 1.17 trillion current US$
- Sub-Saharan Africa (IDA & IBRD countries) 1.17 trillion current US$
- Sub-Saharan Africa (excluding high income) 1.17 trillion current US$
- Europe & Central Asia (excluding high income) 593.57 billion current US$
- Central Europe and the Baltics 575.15 billion current US$
- Middle East, North Africa, Afghanistan & Pakistan (excluding high income) 487.10 billion current US$
- Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD) 482.16 billion current US$
- Africa Eastern and Southern 450.49 billion current US$
- IDA blend 203.76 billion current US$
- Africa Western and Central 68.84 billion current US$
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.