Where the money sits
The total value of stock markets, gold and bitcoin, month by month.
Total market value held, in US dollars. A rise means buyers paid more for the same pile, not that that much new money arrived. Dashed: estimated from prices until the next official figure.
Money moving into the euro area
- Foreign buying of euro-area shares and fundsnot yet published
- Foreign buying of euro-area bondsnot yet published
Net purchases by investors outside the euro area, per month. Below zero, money left.
Nov 2026
- World stocks (est.)$156T
- North America (est.)$82T
- US (est.)$77T
- US bonds (est.)$60T
- Asia-Pacific (est.)$46T
- China bonds (est.)$30T
- Gold (est.)$28T
- Euro area bonds (est.)$27T
- Euro area (est.)$15T
- Japan bonds (est.)$9.6T
- Japan (est.)$8.6T
- China (est.)$7.5T
- India (est.)$5.0T
- Bitcoin (est.)$1.5T
Events
- Nov 2016
- Jul 2018
- Mar 2020
- Feb 2022
- Nov 2022
- Mar 2023
- Jan 2024
- Apr 2025
Where the numbers come from
Stock markets are the value of every listed company, from the World Bank’s yearly figures and, for the euro area, the ECB’s monthly ones. Between two official figures, and after the latest one, each month follows a fund that tracks that market, so the line still reaches every official number.
Gold is the World Gold Council’s estimate of all gold ever mined, times the gold price. Bonds are all debt securities outstanding per country, government and company, from the BIS each quarter. Bitcoin is every coin in circulation times its price.
The bars under the chart are the one measure of money actually moving: what investors outside the euro area bought of its stocks and bonds, net, each month (ECB balance of payments).
The US sits inside North America and China inside Asia-Pacific, so the lines are for comparing, not adding up. A rising total mostly means the same pile is priced higher, not that that much new money came in.