Luxembourg - Market capitalization of listed domestic companies (current US$)

The latest value for Market capitalization of listed domestic companies (current US$) in Luxembourg was 49,482,640,000 as of 2018. Over the past 43 years, the value for this indicator has fluctuated between 166,078,000,000 in 2007 and 800,000,000 in 1975.

Definition: Market capitalization (also known as market value) is the share price times the number of shares outstanding (including their several classes) for listed domestic companies. Investment funds, unit trusts, and companies whose only business goal is to hold shares of other listed companies are excluded. Data are end of year values converted to U.S. dollars using corresponding year-end foreign exchange rates.

Source: World Federation of Exchanges database.

See also:

Year Value
1975 800,000,000
1976 800,000,000
1977 861,850,000
1978 1,046,590,000
1979 2,540,000,000
1980 1,453,520,000
1981 1,516,850,000
1982 1,602,090,000
1983 1,511,770,000
1984 1,618,670,000
1985 2,800,120,000
1986 4,566,160,000
1987 7,144,420,000
1988 8,467,720,000
1989 10,348,070,000
1990 10,455,530,000
1991 11,275,800,000
1992 11,833,300,000
1993 19,315,890,000
1994 28,518,410,000
1995 30,426,440,000
1996 32,411,670,000
1997 33,883,350,000
1998 38,182,000,000
1999 35,938,660,000
2000 34,016,520,000
2001 22,710,360,000
2002 24,551,040,000
2003 37,333,210,000
2004 50,143,550,000
2005 51,248,410,000
2006 79,513,580,000
2007 166,078,000,000
2008 66,614,730,000
2009 105,048,000,000
2010 101,129,000,000
2011 67,627,420,000
2012 70,338,380,000
2013 78,640,840,000
2014 63,167,510,000
2015 47,131,380,000
2016 60,910,170,000
2017 68,639,080,000
2018 49,482,640,000

Development Relevance: Stock market size can be measured in various ways, and each may produce a different ranking of countries. The development of an economy's financial markets is closely related to its overall development. Well-functioning financial systems provide good and easily accessible information which can lower transaction costs and subsequently improve resource allocation and boosts economic growth. Both banking systems and stock markets enhance growth, the main factor in poverty reduction. At low levels of economic development commercial banks tend to dominate the financial system, while at higher levels domestic stock markets tend to become more active and efficient relative to domestic banks. Open economies with sound macroeconomic policies, good legal systems, and shareholder protection attract capital and therefore have larger financial markets. Recent research on stock market development shows that modern communications technology and increased financial integration have resulted in more cross-border capital flows, a stronger presence of financial firms around the world, and the migration of stock exchange activities to international exchanges. Many firms in emerging markets now cross-list on international exchanges, which provides them with lower cost capital and more liquidity-traded shares. However, this also means that exchanges in emerging markets may not have enough financial activity to sustain them, putting pressure on them to rethink their operations.

Limitations and Exceptions: Data cover measures of size (market capitalization, number of listed domestic companies) and liquidity (value of shares traded as a percentage of gross domestic product, value of shares traded as a percentage of market capitalization). The comparability of such data across countries may be limited by conceptual and statistical weaknesses, such as inaccurate reporting and differences in accounting standards.

Statistical Concept and Methodology: Market capitalization figures include: shares of listed domestic companies; shares of foreign companies which are exclusively listed on an exchange (i.e., the foreign company is not listed on any other exchange); common and preferred shares of domestic companies; and shares without voting rights. Market capitalization figures exclude: collective investment funds ; rights, warrants, ETFs, convertible instruments ; options, futures ; foreign listed shares other than exclusively listed ones; companies whose only business goal is to hold shares of other listed companies, such as holding companies and investment companies, regardless of their legal status; and companies admitted to trading (i.e., companies whose shares are traded at the exchange but not listed at the exchange).

Aggregation method: Sum

Periodicity: Annual

General Comments: Stock market data were previously sourced from Standard & Poor's until they discontinued their "Global Stock Markets Factbook" and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and

Classification

Topic: Financial Sector Indicators

Sub-Topic: Capital markets