section_path: Size of the market
section_name: Size of the market
paragraph_text: Size of the market
  
  The total market capitalization of all publicly traded stocks worldwide rose from US$ 2.5 trillion in 1980 to US$111 trillion by the end of 2023.
  
  As of 2016, there are 60 stock exchanges in the world. Of these, there are 16 exchanges with a market capitalization of $1 trillion or more, and they account for 87% of global market capitalization. Apart from the Australian Securities Exchange, these 16 exchanges are all in North America, Europe, or Asia.
  
  By country, the largest stock markets as of January 2022 are in the United States of America (about 59.9%), followed by Japan (about 6.2%) and United Kingdom (about 3.9%).