📈 Global Stock Market Capitalization to GDP Ratio (1975–2024)

The global stock market capitalization-to-GDP ratio—known as the Buffett Indicator—reached 112% in 2024, its highest level outside the pandemic surge. This exceeds the 91% peak during the Dot-Com Bubble in 2000 and the 98% level before the 2008 Global Financial Crisis, signaling potential market overvaluation. 

An elevated ratio suggests that equity valuations may be outpacing global economic growth, increasing the risk of market corrections. While not a precise timing tool, the indicator points to stretched valuations, particularly in major markets.