The total value of global equity markets has reached a record $166 trillion, up $32 trillion or 23.6% from the previous year, far above the long‑term average.

Since the pandemic low in 2020, markets have risen by $94 trillion, a 131% increase. Over the past 20 years, the compound annual growth rate has been about 7.0%. The market‑to‑GDP ratio now stands at a record 134%.