2017 The Market Capitalization of World’s Stock Markets

The data in this post is extracted from Pocket World in Figures 2018. It contains economic data that provides insights towards understanding the world better. Grab a copy if you are interested.

Here is a list of world largest stock markets ranked according to market capitalization.

MarketEnd 2015 ($bn)End 2016 ($bn)Diff (%)
NYSE177871957310.04%
Nasdaq - US728177796.84%
Japan Exchange Group489550623.41%
Shanghai SE45494104-9.78%
London SE Group38793496-9.87%
Shenzhen SE36393217-11.60%
Euronext330634935.66%
Hong Kong Exchanges318531930.25%
Deutsche Börse171617320.93%
TMX Group1592204228.27%
SIX Swiss Exchange15191415-6.85%
BSE India151615612.97%
National Stock Exchange of India148515343.30%
NASDAQ OMX Nordic Exchange12681260-0.63%
Korea Exchange123112824.14%
Australian Securities Exchange1187131710.95%
BME Spanish Exchanges787711-9.66%
Taiwan SE Corp.74586215.70%
Johannesburg SE73695930.30%
Singapore Exchange6406491.41%
BM&F BOVESPA49177457.64%
Saudi SE - Tadawul4214496.65%
Mexican Exchange402334-16.92%
Moscow Exchange39362258.27%
Bursa Malaysia383363-5.22%
Indonesia SE35343422.95%
Stock Exchange of Thailand34943725.21%
Tel-Aviv SE244215-11.89%
Philippine SE2392400.42%
Oslo Bors19423420.62%
Santiago SE19021211.58%
Borsa Istanbul189158-16.40%
Qatar SE1431558.39%
Warsaw SE1381412.17%
Irish SE128121-5.47%
Abu Dhabi Securities Exchange1121218.04%
Wiener Börse961015.21%
Tehran SE8910113.48%
Colombia SE8610319.77%
Dubai Financial Market84-NA
Total6766770556

Interesting observations

The total market cap for Taiwan Stock Exchange is USD 862 Billion (end of 2016) which is roughly equal to the market cap of Apple (APPL, USD 847 Billion as of 1st of September 2017).

The total market cap for Singapore Exchange is USD 649 Billion (end of 2016) which is roughly equal to the market cap of Alphabet (GOOGL, USD 659 Billion as of 1st of September 2017).

The total market cap for Bursa Malaysia is USD 363 Billion (end of 2016) which is roughly equal to the market cap of Johnson & Johnson (JNJ, USD 351 Billion as of 1st of September 2017).

Final thoughts

Imagine a whole country’s stock market value is represented by a single company. This is incredible but true.

Investing in a single country is similar to investing in a single company. For example, buying stocks in Bursa is like buying Johnson & Johnson (JNJ) stock.

The Bursa Malaysia ONLY represents about 0.51 % (363/70556=0.00514) of the total market capitalization of world top 40 largest stock markets. It is a small fish in a big ocean.