Market capitalization of listed domestic companies in Upper middle income
Upper middle income: Market capitalization of listed domestic companies was 21.92 trillion current US$ in 2025. ◆ Volatile
Market capitalization of listed domestic companies in Upper middle income, 2003–2025
Source: World Federation of Exchanges database, World Federation of Exchanges (WFE). Measured in current US$.
Analysis
The most recent figure for market capitalization of listed domestic companies in Upper middle income is 21.92 trillion current US$, measured in 2025. That is the highest value across all 23 years on record.
Compared with earlier readings it is up 32.7% on the previous year and up 86.1% over ten years.
Over the whole period, market capitalization of listed domestic companies in Upper middle income peaked at 21.92 trillion current US$ in 2025 and was at its lowest, 1.64 trillion current US$, in 2003.
Upper middle income ranks 11th of 37 groups on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Market capitalization of listed domestic companies in Upper middle income, year by year
| Year | current US$ | Change |
|---|---|---|
| 2003 | 1.64 trillion current US$ | — |
| 2004 | 2.00 trillion current US$ | +22.0% |
| 2005 | 2.43 trillion current US$ | +21.5% |
| 2006 | 3.91 trillion current US$ | +60.8% |
| 2007 | 8.60 trillion current US$ | +119.6% |
| 2008 | 3.96 trillion current US$ | -53.9% |
| 2009 | 7.50 trillion current US$ | +89.3% |
| 2010 | 9.09 trillion current US$ | +21.2% |
| 2011 | 7.83 trillion current US$ | -13.9% |
| 2012 | 8.79 trillion current US$ | +12.3% |
| 2013 | 8.89 trillion current US$ | +1.1% |
| 2014 | 10.61 trillion current US$ | +19.4% |
| 2015 | 11.78 trillion current US$ | +11.0% |
| 2016 | 11.54 trillion current US$ | -2.0% |
| 2017 | 14.03 trillion current US$ | +21.6% |
| 2018 | 10.55 trillion current US$ | -24.8% |
| 2019 | 13.69 trillion current US$ | +29.7% |
| 2020 | 18.75 trillion current US$ | +37.0% |
| 2021 | 21.01 trillion current US$ | +12.1% |
| 2022 | 18.17 trillion current US$ | -13.5% |
| 2023 | 18.30 trillion current US$ | +0.7% |
| 2024 | 16.51 trillion current US$ | -9.8% |
| 2025 | 21.92 trillion current US$ | +32.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.29 trillion current US$ | 1.64 trillion current US$ | 8.60 trillion current US$ | 7 |
| 2010s | 10.68 trillion current US$ | 7.83 trillion current US$ | 14.03 trillion current US$ | 10 |
| 2020s | 19.11 trillion current US$ | 16.51 trillion current US$ | 21.92 trillion current US$ | 6 |
Countries ranked near Upper middle income
- 8 Germany 2.90 trillion current US$ compare
- 9 Korea 2.76 trillion current US$ compare
- 10 Switzerland 2.51 trillion current US$ compare
- 11 France 2.37 trillion current US$ compare
- 12 Saudi Arabia 2.36 trillion current US$ compare
- 13 Australia 2.05 trillion current US$ compare
- 14 South Africa 1.40 trillion current US$ compare
More financial sector data for Upper middle income
- Net migration 576,949 (2025)
- Total reserves in months of imports 10.37 (2025)
- Monetary Sector credit to private sector 136.9% (2024)
- Broad money 167.9% (2024)
- Claims on central government, etc. 37.8% (2024)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Total reserves in months of imports, annual growth rate 10.98 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Domestic credit to private sector 139.0% (2024)
- Net migration, annual growth rate 197.12 % change on previous year (2025)
Frequently asked questions
- What is market capitalization of listed domestic companies in Upper middle income?
- Market capitalization of listed domestic companies in Upper middle income was 21.92 trillion current US$ in 2025, according to World Federation of Exchanges database, World Federation of Exchanges (WFE).
- What is the highest market capitalization of listed domestic companies recorded in Upper middle income?
- The highest recorded value was 21.92 trillion current US$ in 2025.
- What is the lowest market capitalization of listed domestic companies recorded in Upper middle income?
- The lowest recorded value was 1.64 trillion current US$ in 2003.
- How does Upper middle income rank for market capitalization of listed domestic companies?
- Upper middle income ranks 11th out of 37 groups with data for 2025.
- Is market capitalization of listed domestic companies rising or falling in Upper middle income?
- Over the last ten years it is up 86.1%. The long-run trend across the full record is volatile.
- Where does this Upper middle income data come from?
- The figures come from World Federation of Exchanges database, World Federation of Exchanges (WFE), published as part of Market capitalization of listed domestic companies (current US$). Statizoid updates them automatically from the source API.
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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.