Stats › Global markets and exchanges › Global market sizes
Global equity and bond market sizes
Most people who follow markets have a mental picture of how big things are, and it's usually wrong in the same direction. Stocks feel enormous because they're on the news every day. Bonds feel like background. In fact the bond market is the bigger of the two: $145.1 trillion of fixed income outstanding in 2024 against $126.7 trillion of global equity market capitalisation.
This page puts the main pools side by side so you can see the shape of the whole thing at once. Global bonds and global equities, US equities at $75.04 trillion in April 2026, US retirement assets, the global ETF industry, US money market funds. It also explains why bonds get a fraction of the coverage despite being larger, and why comparing the two headline numbers is less clean than it looks. One is a price, the other is a face value, and that difference does more work than most charts admit.
Fair warning on the sourcing. These figures come from three publishers with dates spanning 2024 to July 2026, because nobody publishes all of them together. Any percentage you derive by combining them, including the roughly 59% US share of world equity, straddles that gap. The notes at the bottom say so plainly and every source is linked. Treat the numbers as a sense of scale, not as a precise ledger.
Global fixed income outstanding was $145.1 trillion in 2024 against global equity market capitalisation of $126.7 trillion, so the bond market is the larger of the two. By April 2026 US equities alone were worth $75.04 trillion, roughly a quarter of the world's combined equity and debt securities. Bonds get a fraction of the attention equities receive despite being the bigger market, which is largely because they trade far less and move far less.
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