Monday, October 29, 2007

Global Stock Market Capitalization Sets New Record

Carpe Diem Exclusive!

According to global stock market statistics from the World Federation of Exchanges, the world stock market capitalization reached an all-time record of $59.74 trillion in September 2007 (see graph above, click to enlarge). Comared to last September, world stock markets have increased in value by 31% over the last year, adding $14 trillion of new stock market wealth to the world economy in just the last 12 months.

Over the last five years, almost $40 trillion of stock market wealth has been created, as the global market capitalization rose from about $20 trillion in September of 2002 to almost $60 trillion in September 2007.

In other words, more global wealth (measured by stock market value) was created in the last 5 years ($40 trillion total, or almost $6,000 for every person on the planet) than was created during the thousands of years it took to create the first $35 trillion of stock market value, a level reached in 2000.

Not a bad record for globalization and the significant amount of wealth created in its wake.

1 Comments:

At 10/30/2007 11:12 AM, Blogger Wes F said...

Just wondering, how does this index take into account new listings and IPO which would obviously increase the total value of publicly traded equity? I'm assuming that world wide there have been more IPOs than companies taken private over the past 10 years

 

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