As of January 1, 2025, the total market capitalization of the global stock market stands at $128.2 trillion ($128,206,241.0 million), with U.S. stocks accounting for $62.2 trillion ($62,204,752.9 million). Over the past 14 years, the global stock market has seen significant growth, largely driven by the expansion of U.S. companies. In contrast, the market capitalization of companies from other regions, particularly China, has remained stagnant or even declined.

In 2024, the total profits of publicly traded companies worldwide reached $5.98 trillion ($5,979,969.9 million), marking a 4.5% increase from 2023.

Note: A useful resource for analyzing stock market capitalizations by country is the World Federation of Exchanges database. However, be aware that it has some data gaps, including missing information for exchanges such as the London Stock Exchange and Italy’s Borsa Italiana.

World Stock Market Capitalization & Annual Profits (USD, millions)

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Nations & Stock Exchanges Used to Calculate the Global Stock Market Value

The total global market capitalization is determined by aggregating the domestic market capitalizations of stock exchanges in the following countries:

North America: Canada, Mexico, United States

South America: Argentina, Brazil, Chile, Colombia

Europe: Austria, Belgium, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Spain, Sweden, Switzerland, United Kingdom

Middle East: Bahrain, Iran, Israel, Qatar, Saudi Arabia, Turkey, United Arab Emirates

Africa: Kenya, Nigeria, South Africa, Tanzania, Tunisia

Asia: Azerbaijan, Bangladesh, China, Hong Kong, India, Indonesia, Japan, Kazakhstan, Malaysia, Pakistan, Philippines, Russia, Singapore, South Korea, Taiwan, Thailand, Vietnam

Oceania: Australia, New Zealand

Methodology for Calculating World Stock Market Total Profits

The World Stock Market Total Profits column in the table represents the estimated annual net earnings (profits) of all publicly traded companies worldwide. While precise data is unavailable, this figure is derived from the most comprehensive databases and sources we could access. We have made every effort to provide the most accurate estimate possible, accounting for challenges such as varying accounting standards, differing corporate fiscal calendars, data quality limitations, and fluctuations in foreign exchange rates.

World Stock Market Capitalization & Profits Growth

The global stock market capitalization has grown significantly from $54.87 trillion in 2010 to $128.21 trillion in 2024. There were periods of decline, such as 2018 ($74.30T) from 2017 ($84.91T) and a sharp drop in 2022 ($101.11T) after reaching $120.68T in 2021. The most significant surge was from 2019 ($89.24T) to 2021 ($120.68T), likely due to post-pandemic recovery. In 2024, the market reached its highest level at $128.21T, marking a strong increase from $111.69T in 2023.

Global stock market profits have generally trended upwards, from $3.54 trillion in 2010 to $5.98 trillion in 2024. The biggest dip occurred in 2020 ($3.74T) due to the COVID-19 pandemic but rebounded strongly in 2021 ($5.78T). Profits growth has stagnated during the recent years and earnings for the fiscal 2024 were only slightly higher than for the fiscal 2021.