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Countries with the highest market cap in the world 2019

The market cap of the United States was almost four times than that of China in 2019, making up a large share of the world's total market capitalization. While only 2018 data is available for this particular country, listed companies in the U.S. had a total market capitalization of over 30 trillion U.S. dollars - against 8.5 trillion U.S. dollars recorded by second-placed China in 2019. Japan ranked third with a total market capitalization of almost 6.2 trillion U.S. dollars.

Countries with the largest stock markets worldwide as of 2019, by market capitalization of listed companies

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Supplementary notes

* The source only provides 2018 data for the following countries:

  • United States;
  • France;
  • Canada;
  • South Korea.

In addition, no data is provided for 2018 or 2019 for the following countries, all of which would likely be included in this list were data available:
  • United Kingdom;
  • Italy;
  • Netherlands.

Market capitalization is a financial term used to denote the total value of tradable shares of a listed company. It is calculated by multiplying the share price by the number of shares outstanding.

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