The New York Stock Exchange (NYSE) is the largest stock exchange in the world, with an equity market capitalization of almost ** trillion U.S. dollars as of June 2025. The following three exchanges were the NASDAQ, PINK Exchange, and the Frankfurt Exchange. What is a stock exchange? A stock exchange is a marketplace where stockbrokers, traders, buyers, and sellers can trade in equities products. The largest exchanges have thousands of listed companies. These companies sell shares of their business, giving the general public the opportunity to invest in them. The oldest stock exchange worldwide is the Frankfurt Stock Exchange, founded in the late sixteenth century. Other functions of a stock exchange Since these are publicly traded companies, every firm listed on a stock exchange has had an initial public offering (IPO). The largest IPOs can raise billions of dollars in equity for the firm involved. Related to stock exchanges are derivatives exchanges, where stock options, futures contracts, and other derivatives can be traded.

The value of global domestic equity market increased from 65.04 trillion U.S. dollars in 2013 to 124.63 trillion U.S. dollars in 2023. The United States was by far the leading country with the largest share of total world stocks as of 2024. Global market capitalization in different regions The market capitalization of domestic companies listed varied across different regions of the world. As of Decmber 2024, the Americas region had the largest domestic equity market, totaling 62 trillion U.S. dollars. This region is home to the NYSE and Nasdaq, which are the two largest stock exchange operators in the world. The market capitalization of these two exchanges alone exceeded 60 billion U.S. dollars as of January 2025, larger than the total market capitalization in the Asia-Pacific, and in the EMEA regions in the same period. Largest Stock Exchanges in Latin America As of December 2024, the B3 (Brasil Bolsa Balcao) was the biggest stock exchange in Latin America in terms of market capitalization and the second-largest in terms of number of listed companies. Following the B3 were the Mexican Stock Exchange and the Santiago Stock Exchange in Chile. The most valuable company in Latin America is listed on the Mexican Stock Exchange: Fomento Económico Mexicano, a multinational beverage and retail company headquartered in Monterrey, had market cap of 177 billion U.S. dollars as of March 2025.

The average for 2022 based on 74 countries was 1244.55 billion U.S. dollars. The highest value was in the USA: 40297.98 billion U.S. dollars and the lowest value was in Bermuda: 0.21 billion U.S. dollars. The indicator is available from 1975 to 2022. Below is a chart for all countries where data are available.

The New York Stock Exchange (NYSE) continues to dominate the Americas' financial landscape, boasting a staggering market capitalization of over 28 trillion U.S. dollars as of March 2024. This figure dwarfs its closest regional competitor, Nasdaq, which stands at approximately 25.4 trillion U.S. dollars. The sheer scale of these American exchanges underscores their critical role in global finance, with the NYSE alone surpassing the combined market cap of all other listed exchanges in the Americas. Global competition and innovation While U.S. exchanges lead in market capitalization, other global markets are showing strength in different areas. India's stock exchanges, for instance, have become hotbeds for initial public offerings (IPOs). In 2024, the National Stock Exchange of India and Bombay Stock Exchange collectively hosted 327 IPO deals, more than double the 137 deals on Nasdaq. This surge in IPO activity reflects India's growing economic influence and the increasing appeal of its capital markets to both domestic and international companies. Diversity in exchange metrics Market capitalization is just one measure of an exchange's significance. While third in market cap among American exchanges, for instance, the TMX Group in Canada leads the continent in the number of listed companies with 3,569 as of December 2024. This diversity in metrics highlights the multifaceted nature of stock exchange comparisons and the importance of considering various factors when assessing their global impact and appeal to companies seeking public listing.

While nearly every country in Europe has a stock exchange, only five are considered major, and have a market capital of over one trillion U.S dollars. European stock exchanges make up two of the top ten global major stock markets. Europe’s biggest stock exchange is the Euronext which combines five markets based in Amsterdam, Brussels, Dublin, Lisbon, London, Oslo and Paris. Euronext The Euronext Stock Exchange saw a significant increase in total market capitalization between 2021 and 2022, before increasing again during 2023. As of March 2024, the luxury goods company LVMH Moët Hennessy Louis Vuitton was the largest company listed on the Euronext Stock Exchange in terms of market capitalization. Globally, the Euronext Stock Exchange is the fourth largest. London Stock Exchange The London Stock Exchange (LSE) was the second largest stock exchange in Europe and ninth globally in terms of market capitalization of domestic listed companies. As of May 2024, there were 1,775 companies trading on the LSE with the LSE's combined market capitalization amounting to approximately 3.86 trillion British pounds during the same period.

Chile Santiago Stock Exchange: Market Capitalization: USD data was reported at 199.986 USD bn in Apr 2025. This records an increase from the previous number of 193.811 USD bn for Mar 2025. Chile Santiago Stock Exchange: Market Capitalization: USD data is updated monthly, averaging 248.918 USD bn from Dec 2005 (Median) to Apr 2025, with 233 observations. The data reached an all-time high of 409.454 USD bn in Apr 2018 and a record low of 129.350 USD bn in Nov 2008. Chile Santiago Stock Exchange: Market Capitalization: USD data remains active status in CEIC and is reported by Santiago Stock Exchange. The data is categorized under Global Database’s Chile – Table CL.Z004: Santiago Stock Exchange: Statistics.

CN: Market Capitalization: Shanghai SE: Annual: Stock: A Share data was reported at 45,990,359.000 RMB mn in 2024. This records an increase from the previous number of 40,069,290.000 RMB mn for 2023. CN: Market Capitalization: Shanghai SE: Annual: Stock: A Share data is updated yearly, averaging 14,904,985.000 RMB mn from Dec 1993 (Median) to 2024, with 32 observations. The data reached an all-time high of 46,249,458.000 RMB mn in 2021 and a record low of 206,766.000 RMB mn in 1993. CN: Market Capitalization: Shanghai SE: Annual: Stock: A Share data remains active status in CEIC and is reported by Shanghai Stock Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZA: Shanghai Stock Exchange: Market Capitalization.

CN: Market Cap: Shanghai SE: Tradable: Preferred data was reported at 758,102.000 RMB mn in Apr 2025. This records a decrease from the previous number of 760,324.000 RMB mn for Mar 2025. CN: Market Cap: Shanghai SE: Tradable: Preferred data is updated monthly, averaging 763,461.000 RMB mn from Dec 2021 (Median) to Apr 2025, with 41 observations. The data reached an all-time high of 791,000.000 RMB mn in Jun 2022 and a record low of 753,848.000 RMB mn in Jan 2024. CN: Market Cap: Shanghai SE: Tradable: Preferred data remains active status in CEIC and is reported by Shanghai Stock Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZA: Shanghai Stock Exchange: Market Capitalization.

Key information about China Market Capitalization

• China Market Capitalization accounted for 11,870.548 USD bn in Feb 2025, compared with a percentage of 11,513.605 USD bn in the previous month
• China Market Capitalization is updated monthly, available from Jul 1995 to Feb 2025
• The data reached an all-time high of 14,375.423 USD bn in Dec 2021 and a record low of 40.601 USD bn in Jan 1996

CEIC calculates monthly Market Capitalization as the sum of Market Capitalization of Shanghai Stock Exchange and Market Capitalization of Shenzhen Stock Exchange and converts it into USD. Shanghai Stock Exchange and Shenzhen Stock Exchange provides Market Capitalization in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions.

As of March 2025, the largest stock exchange in Europe was the ********, with a total market capitalization of around **** trillion U.S. dollars. Euronext was formed in 2000, and is a pan-European stock exchange seated in Amsterdam, Brussels, Dublin London, Lisbon Paris and Oslo. In 2021, Euronext added the Milan Stock Exchange, which was previously operated by the LSE Group.

The average for 2022 based on 11 countries was 511.17 billion U.S. dollars. The highest value was in Saudi Arabia: 2638.59 billion U.S. dollars and the lowest value was in Tunisia: 7.75 billion U.S. dollars. The indicator is available from 1975 to 2022. Below is a chart for all countries where data are available.

London Stock Exchange reported GBP58.17B in Market Capitalization this July of 2025, considering the latest stock price and the number of outstanding shares.Data for London Stock Exchange | LSE - Market Capitalization including historical, tables and charts were last updated by Trading Economics this last July in 2025.

Morocco Market Capitalization: Casablanca Stock Exchange data was reported at 907,907,859,148.000 MAD in Apr 2025. This records a decrease from the previous number of 925,258,517,274.000 MAD for Mar 2025. Morocco Market Capitalization: Casablanca Stock Exchange data is updated monthly, averaging 497,008,418,333.670 MAD from Dec 1996 (Median) to Apr 2025, with 341 observations. The data reached an all-time high of 925,258,517,274.000 MAD in Mar 2025 and a record low of 11,057,000,000.000 MAD in Mar 1997. Morocco Market Capitalization: Casablanca Stock Exchange data remains active status in CEIC and is reported by Casablanca Stock Exchange. The data is categorized under Global Database’s Morocco – Table MA.Z002: Casablanca Stock Exchange: Market Capitalization.

Poland Market Capitalization: WSE: Main Market data was reported at 1,916,522.040 PLN mn in Apr 2025. This records an increase from the previous number of 1,865,244.560 PLN mn for Mar 2025. Poland Market Capitalization: WSE: Main Market data is updated monthly, averaging 1,015,893.030 PLN mn from Aug 2007 (Median) to Apr 2025, with 213 observations. The data reached an all-time high of 1,916,522.040 PLN mn in Apr 2025 and a record low of 366,221.110 PLN mn in Feb 2009. Poland Market Capitalization: WSE: Main Market data remains active status in CEIC and is reported by Warsaw Stock Exchange. The data is categorized under Global Database’s Poland – Table PL.Z003: Warsaw Stock Exchange: Market Capitalization.

Market Capitalization: Qatar Stock Exchange data was reported at 616,952.399 QAR mn in Apr 2025. This records an increase from the previous number of 600,704.003 QAR mn for Mar 2025. Market Capitalization: Qatar Stock Exchange data is updated monthly, averaging 507,138.980 QAR mn from Oct 2003 (Median) to Apr 2025, with 259 observations. The data reached an all-time high of 760,834.898 QAR mn in Mar 2022 and a record low of 94,004.000 QAR mn in Oct 2003. Market Capitalization: Qatar Stock Exchange data remains active status in CEIC and is reported by Qatar Stock Exchange. The data is categorized under Global Database’s Qatar – Table QA.Z002: Qatar Stock Exchange: Market Capitalization.

CN: Market Cap: Shanghai SE: Tradable: Stock: Preferred data was reported at 758.395 RMB bn in 14 May 2025. This records an increase from the previous number of 758.102 RMB bn for 13 May 2025. CN: Market Cap: Shanghai SE: Tradable: Stock: Preferred data is updated daily, averaging 761.389 RMB bn from Sep 2022 (Median) to 14 May 2025, with 648 observations. The data reached an all-time high of 788.782 RMB bn in 10 Oct 2022 and a record low of 751.261 RMB bn in 12 Jan 2024. CN: Market Cap: Shanghai SE: Tradable: Stock: Preferred data remains active status in CEIC and is reported by Shanghai Stock Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZA: Shanghai Stock Exchange: Market Capitalization: Daily.

Total market value of securities markets as a percentage of GDP by country

Brazil Market Capitalization: Sao Paulo Stock Exchange: USD data was reported at 788.626 USD bn in Apr 2025. This records an increase from the previous number of 752.324 USD bn for Mar 2025. Brazil Market Capitalization: Sao Paulo Stock Exchange: USD data is updated monthly, averaging 762.035 USD bn from Jan 1995 (Median) to Apr 2025, with 364 observations. The data reached an all-time high of 1,593.579 USD bn in Apr 2011 and a record low of 109.250 USD bn in Oct 2002. Brazil Market Capitalization: Sao Paulo Stock Exchange: USD data remains active status in CEIC and is reported by B3 S.A. - Brasil, Bolsa, Balcão. The data is categorized under Global Database’s Brazil – Table BR.ZA005: B3 S.A. – Brasil, Bolsa, Balcao: Market Capitalization: USD.

Institutional Financial Markets market cap as of June 22, 2025 is $0.01B. Institutional Financial Markets market cap history and chart from 2010 to 2025. Market capitalization (or market value) is the most commonly used method of measuring the size of a publicly traded company and is calculated by multiplying the current stock price by the number of shares outstanding.

Market Capitalization: Lima Stock Exchange: USD data was reported at 120.948 USD bn in Nov 2016. This records an increase from the previous number of 116.096 USD bn for Oct 2016. Market Capitalization: Lima Stock Exchange: USD data is updated monthly, averaging 19.303 USD bn from Jan 1992 (Median) to Nov 2016, with 299 observations. The data reached an all-time high of 160.867 USD bn in Dec 2010 and a record low of 1.175 USD bn in Sep 1992. Market Capitalization: Lima Stock Exchange: USD data remains active status in CEIC and is reported by Central Reserve Bank of Peru. The data is categorized under Global Database’s Peru – Table PE.Z002: Lima Stock Exchange: Market Capitalization.