The World’s Biggest Stock Markets, by Country


This post is by Marcus Lu from Visual Capitalist


See this visualization first on the Voronoi app.

Graphic illustrating the biggest stock markets by country

The World’s Biggest Stock Markets, by Country

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. In this graphic, we’ve visualized the global market capitalization of stock markets by country, based on figures from S&P Dow Jones Indices. More specifically, this is based on the methodology of the S&P Global Broad Market Index (BMI), which captures over 14,000 stocks from developed and emerging markets. As a point of reference, we’ve also illustrated the size of the “Magnificent Seven” stocks within the U.S. total. The numbers we used to create this graphic are as of Feb. 29, 2024, and are listed in the table below. Only countries with stock markets of at least $1 trillion in capitalization were included.
Country (or group)Market Cap
🇺🇸 U.S.$52.6T
Magnificent Seven$13.1T
🇨🇳 China$11.5T
🇯🇵 Japan$6.5T
🇮🇳 India$4.4T
🇫🇷 France$3.2T
🇬🇧 UK$3.1T
🇸🇦 Saudi Arabia$2.9T
🇨🇦 Canada$2.6T
🇩🇪 Germany$2.2T
🇹🇼 Taiwan$2.0T
🇨🇭 Switzerland$1.9T
🇰🇷 South Korea$1.8T
🇦🇺 Australia$1.6T
🇳🇱 Netherlands$1.1T
After the U.S., we can see that the three largest stock markets are all located in Asia.

India Climbs the Ranks

India’s total market capitalization rose above $4 trillion for the first time ever in early 2024, cementing the country as the world’s fourth largest equity market. According to reporting from Bloomberg, the market capitalization of companies listed on Indian exchanges has grown by $1 (Read more…)