Apple Is Bigger Than Almost Any Stock Market In the World

"My friend Ben Carlson pointed out that Apple's current market capitalization of about $2.7 trillion this week exceeds the entire market capitalization of the United Kingdom, the third biggest stock market in the world," writes CNBC's Bob Pisani. From the report: Dimensional's Matrix Book is an annual review of global returns that highlight the power of compound investing. It's a fascinating document: you can look up the compounded growth rate of the S&P 500 for every year going back to 1926. Buried on page 74 is a chapter on "World Equity Market Capitalization," listing the market capitalization of most of the world, country by country. No surprise, the U.S. is the global leader in stock market value. The $40 trillion in stock market wealth in the U.S. is almost 60% of the value of all the equities in the world. Here's where it gets fun. [...] Not only is Apple bigger than all 595 companies that list in the United Kingdom, it's bigger than all the companies in France (235 companies), and India (1,242 companies). Apple is twice the size of Germany's entire stock market, with 255 companies.

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