Korea Ranks 2nd in G20 Stock Market Capitalization Growth Rate After China

45.6% Increase in 2020
45.9% Growth in China

[Image source=Yonhap News]

[Asia Economy New York=Correspondent Baek Jong-min] Last year, the market capitalization growth rate of the Korean stock market was the second highest among the Group of Twenty (G20) countries, following China.

On the 2nd, Bloomberg reported that as of the closing day of the Korean stock market last year, December 30, the market capitalization of the Korean stock market, calculated in US dollars, was $2.0982 trillion (approximately 3,239.943 trillion KRW), marking a 45.6% increase compared to the end of 2019.

The market capitalization growth rate of the Korean stock market ranked 6th among 86 countries surveyed and was the second highest among the G20 countries, following China. China's market capitalization was $10.7084 trillion, up 45.9%.

The total market capitalization of the 86 major countries' stock markets was $102.955 trillion, an 18.4% increase from the end of 2019.

Among major countries, the US market capitalization increased by 23.7% to $42.5203 trillion, while Germany (10.5%), France (9.3%), and Japan (8.5%) also showed growth. The UK's market capitalization decreased by 5.8%.

Meanwhile, the highest growth rate was recorded by Slovenia (167.6%), followed by Zimbabwe (124.4%), Luxembourg (70.0%), and Cyprus (46.1%).

This content was produced with the assistance of AI translation services.