The global market cap distribution has undergone a dramatic transformation from 1900 to 2023. In 1900, the UK dominated with a 24.2% share, reflecting its industrial and colonial prowess. The U.S. followed with 14.5%, while Germany and France held significant shares at 12.6% and 11.2%, respectively. Notably, the 'Rest of World' accounted for 12.2%, indicating a more diversified global market landscape. Fast forward to 2023, the U.S. has surged to a commanding 60.5% share, underscoring its economic dominance in the modern era. Japan emerges as a significant player with 6.2%, while China and France each hold 2.8%. The UK's share has dwindled to 3.7%, reflecting its reduced global economic influence. The 'Rest of World' now accounts for 10%, suggesting a concentration of market cap in fewer countries. This shift highlights the rise of the U.S. as a global economic powerhouse and the changing dynamics of international markets over the past century. The data reveals intriguing patterns of economic power shifts, with emerging markets like China and India gaining traction, while traditional European powers have seen their shares diminish. This evolution underscores the complex interplay of historical, political, and economic factors shaping the global market landscape.
