South Korea’s stock market, including the secondary KOSDAQ, was the 14th largest among major global stock markets last year.

The Korea Exchange(KRX) said Monday the combined market capitalization of the companies listed on the local stock market stood at one-trillion-231-point-two billion U.S. dollars at the end of last year.

The figure is up one-point-five percent from one-trillion-212-point-eight billion dollars a year earlier.

The operator of the benchmark Korea Composite Stock Price Index(KOSPI) and the tech-heavy KOSDAQ said its market accounted for one-point-96 percent of the global stock markets, making South Korea the 14th largest bourse.

Japan’s stock market, the world’s third largest, led those in the Asia Pacific region, while China’s Shanghai Stock Exchange and Shenzhen Stock Exchange trailed in fourth and fifth, respectively.

The combined market cap of stock markets all over the world shrank by one-point-one percent from 2014 to 62-point-eight trillion dollars last year.

The combined market cap for the Asia Pacific grew by nine-point-eight percent, while those for the U.S. and Europe declined by seven-point-seven percent and four-point-two percent, respectively.

The world's largest New York Stock Exchange declined by eight-point-one percent, while the Brazilian stock market plummeted by 41-point-nine percent.