Markets

The 20 Largest Stock Exchanges in the World

Published

7 years ago

April 10, 2017

Jeff Desjardins

Investors know the NYSE as a home for the world’s most important blue chip stocks. Massive companies like Walmart, Berkshire Hathaway, Exxon Mobil, and Coca-Cola are listed on the exchange along with roughly 2,400 other companies, and together they add up to an astounding $20 trillion in value.

But how do other exchanges around the world, such as the ones in Toronto or London, compare to the famed NYSE?

Comparing the Largest Stock Exchanges

Today’s infographic comes to us from StocksToTrade.com, and it compares the 20 largest stock exchanges in the world in terms of market capitalization, total companies listed, and number of years since they were founded.

The 20 Largest Stock Exchanges in the World

The Oldest Exchange: Of the top 20 stock exchanges on the above list, the oldest can be found in Frankfurt. Originally the location of medieval trade fairs in the 11th century, Frankfurt quickly became an important center for commercial and monetary transactions. The “birth” of the stock exchange is said to have happened in 1585 when fair merchants decided to establish fixed currency exchange rates.

The Most Listed Companies: Established in 1875, the Bombay Stock Exchange was actually Asia’s first stock exchange. It has 5,749 listed public companies, which is the most of any of the top 20 exchanges. The majority of companies listed on the BSE are smallcaps, with an average market capitalization of just US$292 million per company.

The Largest Market Cap: As mentioned before, the NYSE takes the cake here with close to $20 trillion in market capitalization. There is a steep drop-off after the NYSE, which is followed by NASDAQ ($7 trillion), London Stock Exchange ($6 trillion), Tokyo Stock Exchange ($4 trillion), Shanghai Stock Exhcange ($4 trillion), and Hong Kong Stock exchange ($3 trillion).

In fact, only 16 exchanges have market capitalizations over $1 trillion. Here are those visualized by market cap on a map from our previous infographic that showed all of the stock exchanges in the world.

Trillion Dollar Club

Impressively, these 16 exchanges account for about 87% of total stock exchange market capitalization.

Related Topics:stocks markets market capitalization nyse stock exchanges bourse

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Markets

U.S. Debt Interest Payments Reach $1 Trillion

U.S. debt interest payments have surged past the $1 trillion dollar mark, amid high interest rates and an ever-expanding debt burden.

Published

2 days ago

April 16, 2024

Niccolo Conte

This line chart shows U.S. debt interest payments over modern history.

U.S. Debt Interest Payments Reach $1 Trillion

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

The cost of paying for America’s national debt crossed the $1 trillion dollar mark in 2023, driven by high interest rates and a record $34 trillion mountain of debt.

Over the last decade, U.S. debt interest payments have more than doubled amid vast government spending during the pandemic crisis. As debt payments continue to soar, the Congressional Budget Office (CBO) reported that debt servicing costs surpassed defense spending for the first time ever this year.

This graphic shows the sharp rise in U.S. debt payments, based on data from the Federal Reserve.

A $1 Trillion Interest Bill, and Growing

Below, we show how U.S. debt interest payments have risen at a faster pace than at another time in modern history:

Date	Interest Payments	U.S. National Debt
2023	$1.0T	$34.0T
2022	$830B	$31.4T
2021	$612B	$29.6T
2020	$518B	$27.7T
2019	$564B	$23.2T
2018	$571B	$22.0T
2017	$493B	$20.5T
2016	$460B	$20.0T
2015	$435B	$18.9T
2014	$442B	$18.1T
2013	$425B	$17.2T
2012	$417B	$16.4T
2011	$433B	$15.2T
2010	$400B	$14.0T
2009	$354B	$12.3T
2008	$380B	$10.7T
2007	$414B	$9.2T
2006	$387B	$8.7T
2005	$355B	$8.2T
2004	$318B	$7.6T
2003	$294B	$7.0T
2002	$298B	$6.4T
2001	$318B	$5.9T
2000	$353B	$5.7T
1999	$353B	$5.8T
1998	$360B	$5.6T
1997	$368B	$5.5T
1996	$362B	$5.3T
1995	$357B	$5.0T
1994	$334B	$4.8T
1993	$311B	$4.5T
1992	$306B	$4.2T
1991	$308B	$3.8T
1990	$298B	$3.4T
1989	$275B	$3.0T
1988	$254B	$2.7T
1987	$240B	$2.4T
1986	$225B	$2.2T
1985	$219B	$1.9T
1984	$205B	$1.7T
1983	$176B	$1.4T
1982	$157B	$1.2T
1981	$142B	$1.0T
1980	$113B	$930.2B
1979	$96B	$845.1B
1978	$84B	$789.2B
1977	$69B	$718.9B
1976	$61B	$653.5B
1975	$55B	$576.6B
1974	$50B	$492.7B
1973	$45B	$469.1B
1972	$39B	$448.5B
1971	$36B	$424.1B
1970	$35B	$389.2B
1969	$30B	$368.2B
1968	$25B	$358.0B
1967	$23B	$344.7B
1966	$21B	$329.3B

Interest payments represent seasonally adjusted annual rate at the end of Q4.

At current rates, the U.S. national debt is growing by a remarkable $1 trillion about every 100 days, equal to roughly $3.6 trillion per year.

As the national debt has ballooned, debt payments even exceeded Medicaid outlays in 2023—one of the government’s largest expenditures. On average, the U.S. spent more than $2 billion per day on interest costs last year. Going further, the U.S. government is projected to spend a historic $12.4 trillion on interest payments over the next decade, averaging about $37,100 per American.

Exacerbating matters is that the U.S. is running a steep deficit, which stood at $1.1 trillion for the first six months of fiscal 2024. This has accelerated due to the 43% increase in debt servicing costs along with a $31 billion dollar increase in defense spending from a year earlier. Additionally, a $30 billion increase in funding for the Federal Deposit Insurance Corporation in light of the regional banking crisis last year was a major contributor to the deficit increase.

Overall, the CBO forecasts that roughly 75% of the federal deficit’s increase will be due to interest costs by 2034.