Australia now has fifth biggest share market

10 November 2009

The strong $A and a rally in resources stocks has helped Australia to become the fifth largest share market in the world. A few years ago, the local equities market was similar in size to the Netherlands and Italy. Now it is bigger than both of them combined.

Another notable trend is the growing presence of developing countries on the list. Brazil and China are both knocking on the door for a top ten position, and Taiwan, India and Russia are in the top twenty. Finland, Denmark, Belgium, Norway, Austria and Ireland now account for less of the world market than Brazil.

New Zealand, the Philippines, Pakistan and Malaysia are just out of the top forty.

 

Biggest share markets in the world
Rank	Country / Region	% Total
1	United States	40.66
2	United Kingdom	8.51
3	Japan	8.44
4	France	4.81
5	Australia	3.49
6	Canada	3.46
7	Germany	3.42
8	Switzerland	3.10
9	Spain	2.18
10	Brazil	2.15
11	China	1.99
12	South Korea	1.90
13	Italy	1.70
14	Hong Kong	1.47
15	Taiwan	1.42
16	India	1.34
17	Netherlands	1.19
18	South Africa	1.06
19	Sweden	1.05
20	Russia	0.78
21	Singapore	0.64
22	Mexico	0.61
23	Finland	0.47
24	Denmark	0.44
25	Malaysia	0.42
26	Belgium	0.41
27	Norway	0.35
28	Israel	0.32
29	Greece	0.27
30	Indonesia	0.24
31	Portugal	0.19
32	Thailand	0.18
33	Chile	0.17
34	Austria	0.16
35	Ireland	0.16
36	Turkey	0.15
37	Poland	0.11
38	Colombia	0.10
39	Egypt	0.10
40	Hungary	0.08
Source: FTSE-All World Review, Sep-2009