Which countries host the world’s largest stock markets?

Investing in the stock market can be a smart way to build wealth. But which countries host the world’s largest stock markets? Here’s a look at the top 10 nations ranked by their market share of the total world stock market value:

RankCountryMarket Share (as of 2023)
1United States 🇺🇸58.4%
2Japan 🇯🇵6.3%
3United Kingdom 🇬🇧4.1%
4China 🇨🇳3.7%
5France 🇫🇷2.8%
6Canada 🇨🇦2.7%
7Switzerland 🇨🇭2.5%
8Australia 🇦🇺2.2%
9Germany 🇩🇪2.1%
10India 🇮🇳1.8%

Notably, the United States boasts the world’s largest stock market, accounting for over 58% of the global market share. Japan, the United Kingdom, China, and France follow. While other countries on the list hold smaller market shares, each plays a vital role in the world’s financial landscape.

A nation’s stock market size depends on several factors. The size of its economy is one determinant; larger economies often host bigger stock markets. Additionally, the level of economic development plays a crucial role. More developed economies tend to feature more liquid and efficient stock markets.

The stock market operates within a complex ecosystem influenced by various factors. However, a country’s stock market size serves as a robust indicator of its economic prowess and growth potential.