以下是自1991年以來,每年最后一個交易日收盤的A股總市值與當年的GDP的比值,大致反映了股市的高估與低估、瘋狂與恐慌、興奮與悲傷。
年份 |
總市值(億元) |
GDP(億元) |
比值(總市值/GDP) |
1991 |
109.19 |
21781.5 |
0.5% |
1992 |
1048.14 |
26923.48 |
3.89% |
1993 |
3541.52 |
35333.92 |
10.02% |
1994 |
3690.61 |
48197.86 |
7.65% |
1995 |
3474.28 |
60793.73 |
5.71% |
1996 |
9842.38 |
71176.59 |
13.82% |
1997 |
17529.23 |
78973.03 |
22.19% |
1998 |
19505.63 |
84402.28 |
23.11% |
1999 |
26471.17 |
89677.05 |
29.51% |
2000 |
48090.94 |
99214.55 |
48.47% |
2001 |
43522.19 |
109655.17 |
39.69% |
2002 |
38329.12 |
120332.69 |
31.85% |
2003 |
42457.71 |
135822.76 |
31.25% |
2004 |
37055.56 |
159878.34 |
23.17% |
2005 |
32446.01 |
184937.37 |
17.54% |
2006 |
89441.35 |
216314.43 |
41.34% |
2007 |
327291.31 |
265810.31 |
123.12% |
2008 |
121541.05 |
314045.43 |
38.7% |
2009 |
244103.91 |
340902.81 |
71.6% |
2010 |
265422.59 |
401512.8 |
66.1% |
2011 |
214758.09 |
473104.05 |
45.39% |
2012 |
230357.62 |
519470 |
44.34% |
2013 |
239077.19 |
568845 |
42.02% |
2014 |
371100 |
636463 |
58.3% |
2015 |
531304 |
676708 |
78.5% |
2016 |
507685 |
744127 |
68.2% |
2017 |
567085 |
827122 |
68.5% |
2018 |
434924 |
919281 |
47.3% |
2019 |
592900 |
990865 |
59.8% |
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