Breaking down the global equity market into five major pieces as of Dec. 31, 2023, using data from S&P Dow Jones Indices, Visual Capitalist’s Marcus Lu showcases the significant market capitalization concentrated in the U.S., particularly within the S&P 500 index.
Data and Key Takeaways
The figures used to create this graphic are listed in the table below.
By the end of 2023, U.S. companies represented 59% of global stock market value, with a significant portion in the S&P 500 index, comprising the 500 largest publicly traded companies in the U.S.
Among the world’s trillion-dollar companies are Apple, Nvidia, Microsoft, Alphabet, Amazon, and Meta, known as the Magnificent Seven.
Exploring Beyond the U.S.
Following U.S. markets, Developed Markets ex-U.S. hold the next significant share. These established economies with robust financial systems and high income levels are represented by the green segment in the chart.
Excluding the U.S., the largest developed markets (by capitalization) according to S&P include Japan, UK, Canada, France, and Switzerland.
Additionally, there are Emerging Markets (yellow section) and China (red section), with China being highlighted separately due to its global economic importance.
According to S&P, the largest emerging markets (by capitalization) are China, India, Taiwan, Brazil, and Saudi Arabia. Emerging markets are characterized by rapid growth, industrialization, and higher volatility.
As of October 2024, Saudi Arabia’s Saudi Aramco and Taiwan’s TSMC are among the most valuable emerging markets companies.
If you found this article interesting, explore The World’s 50 Most Valuable Companies on Voronoi, the new app from Visual Capitalist.
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