The world’s biggest stock markets, ranked by their total market cap. All figures come from S&P Dow Jones Indices, and are as of Feb 29, 2024.
The combined market cap of the Magnificent Seven was included as a reference point.
Although Tesla is down 27% YTD in 2024, the Magnificent Seven continues to dominate thanks to Nvidia’s rapid ascension into a $2T company. Overall, the group accounts for roughly a quarter of the overall U.S. stock market.
India’s total market cap rose above $4T for the first time ever in early 2024, cementing the country as the world’s fourth largest equity market.
Market | Total Market Cap | Graphic Label |
---|---|---|
U.S. | 52,571,208,200,000 | $52.6T |
Magnificent Seven | 13,055,610,000,000 | $13.1T |
China | 11,528,775,250,000 | $11.5T |
Japan | 6,530,022,000,000 | $6.5T |
India | 4,433,288,190,000 | $4.4T |
France | 3,246,735,540,000 | $3.2T |
UK | 3,074,064,010,000 | $3.1T |
Saudi Arabia | 2,926,347,700,000 | $2.9T |
Canada | 2,570,001,900,000 | $2.6T |
Germany | 2,204,132,580,000 | $2.2T |
Taiwan | 2,016,253,250,000 | $2.0T |
Switzerland | 1,955,666,270,000 | $1.9T |
South Korea | 1,776,877,820,000 | $1.8T |
Australia | 1,612,799,980,000 | $1.6T |
Netherlands | 1,064,432,460,000 | $1.1T |
As of Feb. 29, 2024
https://www.spglobal.com/spdji/en/indices/equity/sp-global-bmi/#overview