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Stock markets compared by market cap to GDP

Data as of .

Market cap / GDP by market and sector

Cap-weighted across companies, at the cockpit's default liquidity gate ($50M a day); local currency. Ranked by the All-sectors column. Data as of 6 Nov 2026.
MarketAll sectorsCommunication ServicesConsumer DiscretionaryConsumer StaplesEnergyFinancialsHealth CareIndustrialsInformation TechnologyMaterialsReal EstateUtilities
Hong Kong751.1%192.2%129.0%2.5%47.2%211.3%37.7%14.9%69.5%24.8%22.0%—
Taiwan360.9%4.2%2.4%—2.7%24.8%1.7%7.7%307.9%9.6%——
United States267.0%28.0%25.7%14.0%9.9%32.7%26.5%21.0%93.3%5.9%5.2%4.8%
Switzerland157.6%4.4%11.7%29.9%—35.1%49.0%18.1%1.3%8.1%——
Canada132.1%2.3%5.4%2.5%24.1%52.6%—12.6%11.8%17.9%—3.1%
Japan125.8%13.4%18.3%4.6%1.0%22.4%7.8%27.9%23.3%3.8%2.1%1.0%
South Korea124.7%1.1%5.2%0.4%0.7%6.4%5.3%16.3%88.5%0.8%——
Netherlands79.3%1.4%—8.6%—6.7%2.2%7.7%49.2%3.4%——
France77.5%2.2%12.5%10.8%5.9%10.1%6.3%18.6%4.1%4.0%—2.9%
United Kingdom72.0%1.6%0.6%11.9%10.0%17.1%11.1%10.8%0.7%4.9%—3.2%
Australia69.2%2.2%5.1%3.2%3.3%30.2%3.7%1.4%0.9%17.1%2.2%—
Denmark65.8%—————48.0%17.9%————
Singapore64.5%8.6%———49.7%—2.2%——3.9%—
Sweden57.8%————24.0%—31.6%—2.2%——
China53.3%1.0%2.6%3.0%3.3%11.0%2.4%10.0%13.7%4.4%0.2%1.7%
Spain49.7%—10.8%—1.9%22.3%—2.2%2.0%——10.5%
India41.4%7.0%3.7%1.1%4.8%14.5%1.4%3.1%5.9%———
Norway38.6%———23.2%9.4%—6.0%————
Germany36.8%2.8%3.0%——8.9%1.9%9.4%6.8%1.7%0.3%2.1%
Italy34.0%—4.2%—3.2%17.2%—4.6%0.6%——4.2%
Finland33.6%————19.6%——14.0%———
Poland6.4%—1.5%——3.5%———1.4%——
All markets142.1%13.6%13.3%8.7%7.2%22.8%13.8%14.7%45.6%5.6%3.0%3.5%

Other measures: market capitalisation · number of listed companies · forward P/E · P/E ratio · price-to-book · EV/sales · free cash flow yield · revenue growth · EPS growth · operating margin · return on capital · net debt to EBITDA · share of profitable companies · share of companies expanding margins · share of companies with accelerating revenue · ROIC minus WACC · ROIC · growth the price implies (Req g) · growth hurdle · cost of capital (WACC) · EV/EBITDA · share of companies burning cash · capex intensity · 1-week return · 1-month return · 3-month return · 6-month return · year-to-date return · 1-year return · breadth (share above the 50-day average).

Questions

Which stock market has the highest market cap to GDP?
Hong Kong, at 751.1% (cap-weighted, as of 6 Nov 2026), followed by Taiwan (360.9%) and United States (267.0%).