Markets
The World’s Biggest Stock Markets, by Country
See this visualization first on the Voronoi app.
The World’s Biggest Stock Markets, by Country
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.
In this graphic, we’ve visualized the global market capitalization of stock markets by country, based on figures from S&P Dow Jones Indices. More specifically, this is based on the methodology of the S&P Global Broad Market Index (BMI), which captures over 14,000 stocks from developed and emerging markets.
As a point of reference, we’ve also illustrated the size of the “Magnificent Seven” stocks within the U.S. total.
The numbers we used to create this graphic are as of Feb. 29, 2024, and are listed in the table below. Only countries with stock markets of at least $1 trillion in capitalization were included.
Country (or group) | Market Cap |
---|---|
🇺🇸 U.S. | $52.6T |
Magnificent Seven | $13.1T |
🇨🇳 China | $11.5T |
🇯🇵 Japan | $6.5T |
🇮🇳 India | $4.4T |
🇫🇷 France | $3.2T |
🇬🇧 UK | $3.1T |
🇸🇦 Saudi Arabia | $2.9T |
🇨🇦 Canada | $2.6T |
🇩🇪 Germany | $2.2T |
🇹🇼 Taiwan | $2.0T |
🇨🇭 Switzerland | $1.9T |
🇰🇷 South Korea | $1.8T |
🇦🇺 Australia | $1.6T |
🇳🇱 Netherlands | $1.1T |
After the U.S., we can see that the three largest stock markets are all located in Asia.
India Climbs the Ranks
India’s total market capitalization rose above $4 trillion for the first time ever in early 2024, cementing the country as the world’s fourth largest equity market.
According to reporting from Bloomberg, the market capitalization of companies listed on Indian exchanges has grown by $1 trillion in under three years, making the country one of the best performing emerging markets.
Meanwhile, stock markets in China and Hong Kong have moved in the opposite direction, wiping out an estimated $6 trillion in valuation since their 2021 peak. The Hang Seng Index, Hong Kong’s primary stock index, has shrunk by more than 40% over the past five years.
Might of the Magnificent Seven
Although Tesla is down 28% YTD in 2024, the Magnificent Seven continues to dominate thanks to Nvidia’s rapid ascension into a $2 trillion company. Overall, the group accounts for roughly a quarter of the overall U.S. stock market.
Economy
The Most Valuable Companies in Major EU Economies
From semiconductor equipment manufacturers to supercar makers, the EU’s most valuable companies run the gamut of industries.
Most Valuable Companies in the EU, by Country
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.
In this graphic, we mapped out the most valuable corporations in 11 major EU economies, based on their market capitalizations as of April 15th, 2024. All figures are in USD, and were sourced from Companiesmarketcap.com.
Novo Nordisk is currently worth more than $550 billion, making it Europe’s most valuable company by a wide margin. The pharmaceutical giant specializes in diabetes and weight-loss drugs. Demand for two of them, Ozempic and Wegovy, has surged due to their weight-loss capabilities, even causing nationwide shortages in the United States.
The following table includes an expanded list of the most valuable publicly-traded company in larger EU economies. Many of these were not included in the graphic due to space limitations.
Country | Company | Sector | Market Cap |
---|---|---|---|
🇩🇰 Denmark | 💊 Novo Nordisk | Pharmaceuticals | $562B |
🇫🇷 France | 👜 LVMH | Luxury Goods | $422B |
🇳🇱 Netherlands | 🔧 ASML | Semiconductor Equipment | $382B |
🇩🇪 Germany | 💼 SAP | Enterprise Software | $214B |
🇮🇪 Ireland | 🖥️ Accenture | IT Services | $197B |
🇪🇸 Spain | 👗 Inditex | Retail | $147B |
🇧🇪 Belgium | 🍻 Anheuser-Busch InBev | Beverages | $116B |
🇸🇪 Sweden | 🛠️ Atlas Copco | Industrial Equipment | $80B |
🇮🇹 Italy | 🏎️ Ferrari | Automotive | $76B |
🇫🇮 Finland | 🏦 Nordea Bank | Banking | $40B |
🇦🇹 Austria | 🔌 Verbund AG | Energy | $26B |
🇱🇺 Luxembourg | 🏗️ Tenaris | Oil & Gas Equipment | $22B |
🇨🇿 Czech Republic | 💡 CEZ Group | Energy | $20B |
🇵🇱 Poland | ⛽ PKN Orlen | Energy | $20B |
🇵🇹 Portugal | 🔌 EDP Group | Energy | $16B |
🇬🇷 Greece | 🏦 Eurobank | Banking | $7B |
🇭🇺 Hungary | ⛽ MOL Group | Energy | $7B |
🇭🇷 Croatia | 🏦 Zagrebacka Banka | Banking | $6B |
🇷🇴 Romania | ⛽ Romgaz | Energy | $4B |
🇸🇮 Slovenia | 💊 Krka | Pharmaceuticals | $4B |
Note: Figures are rounded and last updated on April 15th, 2024. Countries with top publicly-traded companies worth under $4 billion are excluded.
Luxury supergiant LVMH—which owns brands like Tiffany, Christian Dior, and TAG Heuer to name a few—is Europe’s second largest company by market cap, at $420 billion.
Rounding out the top three is ASML, which produces equipment crucial to chip manufacturers, worth $380 billion.
When looking at the region, there is a vast disparity between EU member states and their most valuable companies.
For example, as mentioned earlier, Denmark’s Novo Nordisk and France’s LVMH are worth between $400-550 billion each. Meanwhile, some countries don’t even have a single publicly-listed company that is worth over $1 billion.
In fact, only 12 EU countries (less than half of the union) are home to the top 100 most valuable companies within the bloc. An additional four countries are represented if you look at the list of the top 200 companies.
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