* indicates monthly or quarterly data series

Stock market capitalization, billion USD, 2022:

The average for 2022 based on 27 countries was 1304.27 billion U.S. dollars. The highest value was in China: 11469.35 billion U.S. dollars and the lowest value was in Armenia: 0.25 billion U.S. dollars. The indicator is available from 1975 to 2022. Below is a chart for all countries where data are available.

Measure: billion U.S. dollars; Source: The World Bank
Select indicator
* indicates monthly or quarterly data series


Countries Stock market capitalization, in dollars, 2022 Global rank Available data
China 11469.35 1 2003 - 2022
Japan 5380.48 2 1975 - 2022
Hong Kong 4566.81 3 1975 - 2022
India 3603.48 4 2000 - 2022
Saudi Arabia 2638.59 5 2009 - 2022
South Korea 1644.51 6 1979 - 2022
Iran 1613.04 7 1975 - 2022
UA Emirates 873.56 8 2007 - 2022
Singapore 619.36 9 1979 - 2022
Indonesia 610.29 10 1995 - 2022
Thailand 604.36 11 1989 - 2022
Malaysia 381.21 12 1981 - 2022
Israel 269.64 13 1979 - 2022
Philippines 238.58 14 1996 - 2022
Vietnam 170.15 15 2008 - 2022
Qatar 166.78 16 2007 - 2022
Kuwait 152.68 17 1993 - 2022
Kazakhstan 45.77 18 1998 - 2022
Bangladesh 42.89 19 1993 - 2022
Bahrain 30.26 20 1996 - 2022
Pakistan 28.71 21 1993 - 2022
Jordan 25.43 22 2007 - 2022
Oman 22.27 23 1993 - 2022
Sri Lanka 10.6 24 1999 - 2022
Palestine 4.9 25 1999 - 2022
Azerbaijan 1.47 26 1998 - 2022
Armenia 0.25 27 2018 - 2022


New - World map: Stock market capitalization, in dollars




Definition: 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.

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