2 Largest Captive Markets In The World

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With 580 licensed captives, Vermont was the largest U.S. Captive domicile in 2018, based on data in an annual survey of the world's largest captive domiciles conducted by Business Insurance magazine. On a worldwide basis, Vermont was the third largest captive domicile, topped only by Bermuda with 711 and the Cayman Islands with 674 captives.

  1. Biggest Market In The World
  2. 2 Largest Captive Markets In The World Series
  3. 2 Largest Captive Markets In The World Today
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Nothing gives you an insight into local shopping like a loud and sprawling market. Come with us on a global tour of some of the world's greatest markets - bargains, food (and crowds) await.

1. Khan Al-Khalili, Egypt

The Khan dates back as far as 1382, and some of the delights on offer in its 900 shops include glassware, brassware, perfume and jewellery; a number of artisans practise their craft before eager shoppers, too. Go to the Street of the Tentmakers for something completely different: it's a market within the market. It's also Cairo's last remaining medieval covered market, where tentmakers craft beautifully ornate tents. Head to the old gate of the courtyard that hosted the original market, halfway along Sikkit al-Badistan; the Khan also borders Muski Market to its west.

2. Chatuchak, Thailand

This Bangkok weekend market (actually a 'minicity') has to be seen to be believed. Over its 14 hectares Chatuchak contains between 9000 and 15,000 stalls (depending on what's on and who's doing the counting) and it attracts 200,000 visitors per day. Come here for Thai handicrafts and antiques among many other delights, but don't come here on hot, humid days – pressed against all that flesh, you might faint or fade away. To get there take the skytrain to Mo Chit station or the metro to Suan Chatuchak station.

3. Temple St, Hong Kong

This famous night market in Yau Ma Tei sees a lot of action. Here you can try to beat the local chess geniuses or buy some ubiquitous jade, believed by the Chinese to ward off evil. Also choose from a huge selection of open-air restaurants and fortune-telling parrots. Temple St is also known as 'Men's Street' because of the huge amount of men's clothing for sale, because of the number of gangster films that are set here, and because of the variety of… um…'men's pleasures' that are on offer at the stalls. The open-air market usually starts around 2pm and is located in Yau Ma Tei, Kowloon.

4. Kashgar, China

Crikey, this one's massive, too – like Chatuchak it attracts 200,000 souls each day it's on. At Kashgar you can buy and sell everything from a horse to furniture, from a bicycle to possibly your grandmother. As you can imagine, the people-watching is unsurpassed in such an environment, so keep an ear to the ground, keep an eye on the crowds, keep out of sight and sit back and enjoy the show. It takes place every Sunday on the northeast edge of the town. This is supposedly the world's largest open-air market. Endless varieties of rugs, fruit, beads and breads. And that's just one stall in Kashgar bazaar.

5. Chiang Mai, Thailand

Biggest Market In The World

The Chiang Mai market opens after sundown and it's 'bargain city'. Fancy a fake Rolex? Get it here. Pirate DVDs? You got it. Fabrics, silks, sunglasses, gems, it's all here, as are swords and chicken feet. The centrepiece is the Night Bazaar Building, three floors of all this and more. Bargain for all you're worth for a rollicking good time. Every Sunday, head to Royal Avenue (Ratchadamnern Road) in the old city. This market is not to be confused with the Night Bazaar on Chan Klan Road.

6. Camden, England

This used to be a weekend London market; now it's a phenomenon held every day (ramping up to overdrive on the weekends). It spills over into the streets and attracts possibly the greatest concentration of freaks per square metre in the world today: punks, goths, hippies, ferals, ravers, rappers, chavs, gimps, celebs, grannies, pollies. There are a few components to it: Camden Lock Market, for craft-type thingies; Camden Stables, for alternative fashion; and an indoor fashion market at the Electric Ballroom. Beat the weekend crowd by visiting midweek, most stalls are open from 11am–6pm.

7. Tsukiji Fish Market, Japan

Tokyo's frenzied fish market is one of the largest, busiest markets in the world. Even those who aren't too keen on seafood are addicted to it, for the hustle and bustle of its three whole blocks single-mindedly devoted to the consumption of marine life, and for the codes and modes of behaviour. Auctioneers have a lingo all their own, buyers wear wetsuits, and the market handles around 3000 tonnes of fish each day and almost 800,000 tonnes per year. You can imagine the smell. Check the market's calendar of activities at www.tsukiji-market.or.jp; the tuna auction area is off limits except between 5–6.15am.

2 Largest Captive Markets In The World Series

8. Grand Bazaar, Turkey

İstanbul's Grand Bazaar is Turkey's (and possibly the world's) largest covered market, with around 4000 shops selling jewellery, carpets, brassware, leather goods, hookahs, ceramics, pottery – all under ornate, grandiose passageways spread across 60-odd streets. It gets a reputed 400,000 people per day, which equates to distilled madness. That's not all: the bazaar, which dates from 1520, is also home to a mosque, 21 inns, two vaulted bazaars, seven fountains and 18 gates. Open Monday to Saturday 9am–7pm, the bazaar is a 15-minute stroll from the Blue Mosque.

9. Aleppo, Syria

2 Largest Captive Markets In The World Today

A considered body of opinion says that Aleppo's unique covered souqs are the finest and most beautiful markets in the world. They extend for around 10km, a vast, stone-vaulted labyrinth of alleyways, and are named for traditional artisan crafts – Souq of Gold, Souq of Cotton and so on. The souqs date back to the 15th century, and anything is for sale: flower tea, animal carcasses, tapestries, silverware etc. Be careful down those narrow alleyways – those donkeys transporting goods to and fro might look placid but they take crap from no one. Stay healthy on your travels by hunting fresh supplies at the Fruit and Vegetable Market, 200m north of Bab al-Faraj.

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10. Pike Place Market, USA

Some say this Seattle market is a tourist trap, others that it's a national treasure. It's the USA's oldest surviving market, spanning 4 hectares and attracting 40,000 people per day. Books and antiques are sold here, along with the usual assortment found in the great markets worldwide… plus a lot of fish. Watch out, though, you might get a cold-blooded aquatic vertebrate thrown at you when you place an order, playing your part in a fishy shtick that's become famous among screwballs. Judge the Pike Place Market for yourself by viewing the market's webcam at www.pikeplacefish.com.

Below is a list of the largest consumer markets of the world, according to data from the World Bank. The countries are sorted by their Household final consumption expenditure (HFCE) which represents consumer spending in nominal terms.[1]


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CountryHFCE
(millions of USD, nominal)
% of GDPYear
United States[2]13,321,40768%2017
European Union9,613,98656%2017
China4,697,72343%2017
Japan2,756,59856%2017
Germany1,952,62553%2017
United Kingdom1,724,05166%2017
India1,528,69159%2017
France1,396,43654%2017
Brazil1,303,88563%2017
Italy1,181,42461%2017
Canada954,78858%2017
Russia826,39052%2017
Spain756,97558%2017
Mexico753,47565%2017
Australia752,26157%2017
South Korea736,21448%2017
Indonesia581,99257%2017
Turkey503,26459%2017
Argentina417,44065%2017
Switzerland364,36154%2017
Netherlands362,75744%2017
Nigeria330,04382%2017
Poland306,94158%2017
Saudi Arabia283,60444%2017
Belgium252,48051%2017
Pakistan249,94782%2017
Sweden237,10843%2017
Philippines229,74673%2017
Hong Kong228,73368%2017
Iran224,31051%2017
Austria217,14852%2017
South Africa207,64859%2017
Thailand206,26055%2017
Egypt204,35187%2017
Colombia194,38763%2017
Norway178,58345%2017
Israel175,03154%2017
Malaysia174,08055%2017
Chile172,54862%2017
Bangladesh171,49769%2017
Denmark152,54447%2017
Vietnam152,24668%2017
Portugal141,57565%2017
Greece138,94269%2017
Finland137,50055%2017
Peru135,28464%2017
United Arab Emirates133,57035%2017
Romania132,52263%2017
Iraq119,74661%2017
Singapore115,44636%2017
New Zealand108,34457%2017
Ireland105,64632%2017
Czech Republic102,16747%2017
Angola93,18975%2017
Sudan86,14473%2017
Algeria85,07450%2017
Cuba83,01365%2009
Kazakhstan74,87854%2017
Ukraine73,09165%2017
Hungary68,96750%2017
Guatemala65,25986%2017
Morocco64,30459%2017
Ecuador62,58664%2017
Puerto Rico61,18158%2016
Kenya60,18980%2017
Sri Lanka54,20169%2017
Dominican Republic52,58769%2017
Slovakia52,39055%2017
Ethiopia51,17464%2017
Kuwait50,21345%2017
Lebanon45,43688%2017
Ghana39,98485%2017
Qatar39,28826%2017
Syria37,36369%2009
Uruguay37,51767%2017
Costa Rica36,50164%2017
Bulgaria34,99062%2017
Jordan32,44181%2017
Myanmar32,25451%2017
Croatia31,61658%2017
Lithuania30,20164%2017
Tunisia29,93871%2017
Belarus29,88155%2017
Serbia29,78672%2017
Tanzania29,42862%2017
Democratic Republic of the Congo28,87078%2017
Uzbekistan28,69559%2017
Panama28,98050%2016
Slovenia25,74353%2017
Côte d'Ivoire25,51163%2017
Bolivia25,37668%2017
Cameroon24,34270%2017
Azerbaijan23,47558%2017
Oman23,03233%2015
Libya21,51037%2009
El Salvador20,97685%2017
Paraguay20,71670%2017
Yemen19,644108%2016
Uganda19,53075%2017
Nepal19,09478%2017
Luxembourg18,84830%2017
Latvia18,68062%2017
Honduras17,84777%2017
Afghanistan16,36484%2016
Cambodia15,90672%2017
Bahrain14,49145%2016
Cyprus13,90869%2016
Bosnia and Herzegovina13,78776%2017
Estonia13,29151%2017
Palestine12,84588%2017
Mali12,40481%2017
Zimbabwe12,29169%2017
Macao12,21224%2017
Iceland12,05550%2017
Senegal11,79672%2017
Jamaica11,44477%2017
Trinidad and Tobago11,10053%2009
Laos10,98965%2017
Zambia10,77151%2016
Albania10,43080%2017
Somalia10,008135%2017
Mauritius9,89974%2017
Nicaragua9,66270%2017
Georgia9,51863%2017
Namibia9,09468%2017
Madagascar8,94777%2017
Armenia8,91677%2017
Mozambique8,59270%2017
Bahamas8,27268%2017
Chad7,99780%2017
Guinea7,67573%2017
Macedonia7,54166%2017
Botswana7,44248%2016
Haiti7,39988%2017
Burkina Faso7,26859%2017
Moldova6,97886%2017
Rwanda6,93776%2017
Benin6,84474%2017
Kyrgyzstan6,13781%2017
Kosovo5,99884%2017
Equatorial Guinea5,71746%2017
Gabon5,66741%2016
Mongolia5,65049%2017
New Caledonia5,55960%2009
Niger5,49668%2017
Tajikistan5,48179%2016
Malta5,31747%2016
Turkmenistan5,30215%2012
Papua New Guinea5,25262%2009
French Polynesia4,640102%2009
Malawi4,33989%2009
Barbados3,96583%2017
Togo3,78379%2017
Montenegro3,63875%2017
Sierra Leone3,631102%2016
Congo3,56241%2017
Monaco3,56458%2009
Bermuda3,04755%2013
Liberia3,001143%2016
Fiji2,87862%2016
Liechtenstein2,79958%2009
Swaziland2,77375%2016
Burundi2,62687%2016
Brunei2,48320%2017
Guyana2,37465%2017
Mauritania2,22945%2017
Andorra2,11857%2009
South Sudan2,04971%2016
Eritrea2,02778%2011
Cayman Islands1,95063%2009
Central African Republic1,82494%2017
Lesotho1,77678%2016
Bhutan1,45658%2017
Aruba1,45055%2009
Belize1,33973%2017
Suriname1,27338%2017
Cape Verde1,20168%2017
Guinea-Bissau1,13784%2017
Djibouti1,05557%2017
Greenland1,05439%2016
East Timor1,00540%2016
Gambia92091%2017
Saint Lucia66570%2009
Grenada645101%2009
San Marino63037%2009
Micronesia, Federated States of62976%2009
Comoros535101%2009
Seychelles53067%2009
Solomon Islands52874%2009
British Virgin Islands48537%2009
Samoa48493%2009
Zanzibar45168%2009
Vanuatu39762%2009
Tonga338100%2009
Maldives31525%2009
Dominica30180%2009
Palau19465%2016
Anguilla17581%2009
Marshall Islands15591%2009
Kiribati11790%2009
Cook Islands8443%2009
Nauru54100%2009
Montserrat4585%2009
Tuvalu29101%2009
World43,799,05658%2017

See also[edit]

References[edit]

  1. ^'Household final consumption expenditure (current US$) Data'. data.worldbank.org. Retrieved 7 April 2018.
  2. ^'Personal Consumption Expenditures'. 27 July 2018.

Sources[edit]

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