Market capitalization of listed domestic companies in Japan
Japan: Market capitalization of listed domestic companies was 171.6% in 2025. ▲ Rising
Market capitalization of listed domestic companies in Japan, 1975–2025
Source: World Federation of Exchanges database, World Federation of Exchanges (WFE). Measured in % of GDP.
Analysis
In 2025, market capitalization of listed domestic companies in Japan stood at 171.6%. That is the highest value across all 51 years on record.
That represents a change of up 13.9% on the previous year and up 59.0% over ten years.
Over the whole period, market capitalization of listed domestic companies in Japan peaked at 171.6% in 2025 and was at its lowest, 2.9%, in 1977.
Japan ranks 9th of 99 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 51 years of available data.
Market capitalization of listed domestic companies in Japan, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1975 | 26.1% | — |
| 1976 | 29.6% | +13.5% |
| 1977 | 2.9% | -90.3% |
| 1978 | 3.2% | +13.0% |
| 1979 | 26.3% | +712.3% |
| 1980 | 32.9% | +25.2% |
| 1981 | 32.9% | -0.0% |
| 1982 | 35.3% | +7.3% |
| 1983 | 42.1% | +19.2% |
| 1984 | 46.9% | +11.5% |
| 1985 | 65.1% | +38.8% |
| 1986 | 82.4% | +26.6% |
| 1987 | 103.5% | +25.6% |
| 1988 | 118.7% | +14.7% |
| 1989 | 134.2% | +13.0% |
| 1990 | 90.0% | -32.9% |
| 1991 | 80.7% | -10.4% |
| 1992 | 55.5% | -31.2% |
| 1993 | 62.7% | +13.1% |
| 1994 | 70.4% | +12.2% |
| 1995 | 62.9% | -10.7% |
| 1996 | 60.1% | -4.3% |
| 1997 | 45.5% | -24.3% |
| 1998 | 58.8% | +29.1% |
| 1999 | 95.0% | +61.7% |
| 2000 | 62.6% | -34.1% |
| 2001 | 51.0% | -18.5% |
| 2002 | 48.7% | -4.5% |
| 2003 | 64.6% | +32.5% |
| 2004 | 72.0% | +11.5% |
| 2005 | 93.8% | +30.3% |
| 2006 | 99.3% | +5.8% |
| 2007 | 93.6% | -5.7% |
| 2008 | 60.4% | -35.5% |
| 2009 | 61.9% | +2.6% |
| 2010 | 65.9% | +6.3% |
| 2011 | 53.0% | -19.6% |
| 2012 | 54.9% | +3.7% |
| 2013 | 86.2% | +56.9% |
| 2014 | 87.8% | +1.9% |
| 2015 | 108.0% | +22.9% |
| 2016 | 97.0% | -10.2% |
| 2017 | 123.5% | +27.4% |
| 2018 | 102.8% | -16.8% |
| 2019 | 118.0% | +14.8% |
| 2020 | 129.5% | +9.7% |
| 2021 | 125.2% | -3.3% |
| 2022 | 121.0% | -3.4% |
| 2023 | 140.2% | +15.9% |
| 2024 | 150.6% | +7.4% |
| 2025 | 171.6% | +13.9% |
Japan compared with similar countries
- Japan's 171.6% is above the median for high income countries, which is 54.4%, 3.2× the median. (50 countries reporting)
- Japan's 171.6% is above the median for East Asia & Pacific, which is 88.8%, 1.9× the median. (13 countries reporting)
Biggest year-on-year movements
Years where Market capitalization of listed domestic companies in Japan changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1979 | +712.3% | 3.2% | 26.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 17.6% | 2.9% | 29.6% | 5 |
| 1980s | 69.4% | 32.9% | 134.2% | 10 |
| 1990s | 68.2% | 45.5% | 95.0% | 10 |
| 2000s | 70.8% | 48.7% | 99.3% | 10 |
| 2010s | 89.7% | 53.0% | 123.5% | 10 |
| 2020s | 139.7% | 121.0% | 171.6% | 6 |
Countries ranked near Japan
- 6 Canada 199.2% compare
- 7 United Arab Emirates 190.9% compare
- 8 Saudi Arabia 184.7% compare
- 10 South Korea 147.2% compare
- 11 Singapore 136.5% compare
- 12 Chile 136.2% compare
More financial sector data for Japan
- Net domestic credit (current LCU), per capita 14.80 million current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 411.71 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate -0.9434 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 951.96 million SDR (2025)
- Gold reserves at market value 86.75 billion SDR (2025)
- Reserves excluding gold, foreign exchange 861.99 billion SDR (2025)
- Reserves excluding gold 914.64 billion SDR (2025)
- Total reserves (gold at market value) 1.00 trillion SDR (2025)
- Total reserves (gold at national valuation) 1.00 trillion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 8,108 SDR per person (2025)
Frequently asked questions
- What is market capitalization of listed domestic companies in Japan?
- Market capitalization of listed domestic companies in Japan was 171.6% 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 Japan?
- The highest recorded value was 171.6% in 2025.
- What is the lowest market capitalization of listed domestic companies recorded in Japan?
- The lowest recorded value was 2.9% in 1977.
- How does Japan rank for market capitalization of listed domestic companies?
- Japan ranks 9th out of 99 countries with data for 2025.
- Is market capitalization of listed domestic companies rising or falling in Japan?
- Over the last ten years it is up 59.0%. The long-run trend across the full record is rising.
- Where does this Japan 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 (% of GDP). Statizoid updates them automatically from the source API.
Download this data
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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.