Statizoid

Market capitalization of listed domestic companies (% of GDP) by country

Market capitalization (also known as market value) is the share price times the number of shares outstanding (including their several classes) for listed domestic companies. Investment funds, unit trusts, and companies whose only business goal is to hold shares of other listed companies are excluded. Data are end...

Countries reporting
98
Highest
1,425.0%
Hong Kong
Lowest
0.2%
Algeria
Median
36.0%
Years covered
51
1975–2025
Data points
3,756

What the numbers show

Market capitalization of listed domestic companies (% of GDP) is currently reported for 98 countries. The highest value is 1,425.0% in Hong Kong; the lowest is 0.2% in Algeria.

The median across all reporting countries is 36.0%, and the mean is 70.7%.

The gap between the highest and lowest reporting country is a factor of about 7,464.

Over the past decade 62 countries rose and 36 fell. The largest increase was in Armenia (up 4,766.1%), and the largest decrease in Papua New Guinea (down 94.6%).

Market capitalization of listed domestic companies: full country ranking

#Country LatestYear 10-year changeTrend
1 Hong Kong 1,425.0% 2025 up 38.4% volatile
2 South Africa 327.2% 2025 up 54.2% rising
3 India 266.9% 2025 up 221.7% volatile
4 Switzerland 240.9% 2025 up 12.0% volatile
5 United States 224.0% 2025 up 63.5% rising
6 Canada 199.2% 2025 up 94.6% rising
7 United Arab Emirates 190.9% 2024 up 302.3% volatile
8 Saudi Arabia 184.7% 2025 up 204.2% volatile
9 Japan 171.6% 2025 up 59.0% rising
10 South Korea 147.2% 2025 up 84.1% volatile
11 Singapore 136.5% 2025 down 34.3% rising
12 Chile 136.2% 2025 up 73.5% rising
13 Netherlands 129.7% 2017 up 15.8% volatile
14 Australia 113.9% 2025 up 30.1% rising
15 Kuwait 109.5% 2025 up 30.5% rising
16 Malaysia 103.2% 2025 down 18.8% rising
17 United Kingdom 97.3% 2022 down 19.6% rising
18 Thailand 88.8% 2025 up 2.2% rising
19 Sweden 86.8% 2003 up 83.6% volatile
20 France 85.1% 2018 up 69.1% volatile
21 Qatar 82.1% 2025 down 6.9% falling
22 China 79.5% 2025 up 9.6% rising
23 Norway 69.7% 2019 up 21.3% volatile
24 Luxembourg 68.6% 2025 down 12.5% volatile
25 Spain 68.1% 2025 up 4.3% volatile
26 Cyprus 67.7% 2025 up 400.9% volatile
27 Indonesia 65.7% 2025 up 60.1% rising
28 Morocco 62.5% 2025 up 50.3% falling
29 Vietnam 61.4% 2025 up 150.1% rising
30 Israel 61.0% 2024 down 4.3% volatile
31 Jordan 60.7% 2025 up 1.0% volatile
32 Denmark 60.1% 2004 up 99.4% volatile
33 Belgium 59.2% 2018 up 83.1% volatile
34 Germany 57.4% 2025 up 14.6% volatile
35 Mauritius 55.0% 2025 down 7.6% rising
36 Kazakhstan 51.7% 2025 up 173.4% volatile
37 Zambia 51.6% 2025 up 280.3% volatile
38 Barbados 51.5% 2020 up 27.8% rising
39 Iran 51.2% 2025 up 134.2% volatile
40 Jamaica 51.0% 2025 up 29.5% rising
41 Philippines 47.6% 2025 down 38.9% rising
42 Greece 46.0% 2025 up 112.5% volatile
43 Lebanon 45.7% 2021 up 101.8% rising
44 Bahrain 43.5% 2025 down 26.5% falling
45 New Zealand 39.1% 2025 down 6.4% flat
46 Brazil 38.2% 2025 up 40.4% falling
47 Oman 37.7% 2025 down 27.9% rising
48 Austria 36.4% 2025 up 43.9% volatile
49 Croatia 36.1% 2025 down 0.1% volatile
50 Zimbabwe 35.9% 1999 up 63.8% rising
51 Russia 31.8% 2023 down 5.4% falling
52 Peru 31.4% 2025 up 5.4% rising
53 Mexico 30.6% 2025 down 7.8% volatile
54 Poland 30.6% 2025 up 6.5% rising
55 Panama 30.0% 2025 up 27.2% rising
56 Nigeria 29.9% 2025 up 195.0% volatile
57 Colombia 29.0% 2025 down 1.1% falling
58 Palestine 28.8% 2025 up 20.5% rising
59 Ireland 27.8% 2018 up 54.9% falling
60 Seychelles 27.1% 2025 up 70.3% falling
61 Italy 27.0% 2014 down 38.0% volatile
62 Slovenia 26.0% 2025 up 84.2% volatile
63 Portugal 25.6% 2018 down 2.2% falling
64 Hungary 25.4% 2025 up 79.8% falling
65 Turkey 25.3% 2025 up 16.0% rising
66 Sri Lanka 24.0% 2025 down 1.9% rising
67 Botswana 21.5% 2025 down 9.3% volatile
68 Bermuda 21.0% 2024 down 16.0% volatile
69 Tunisia 20.8% 2025 up 8.2% rising
70 Rwanda 19.6% 2025 down 44.9% falling
71 Malta 19.3% 2025 down 50.4% falling
72 Armenia 18.7% 2024 up 4,766.1% volatile
73 Namibia 18.2% 2024 down 16.6% volatile
74 Pakistan 17.3% 2025 up 10.7% falling
75 Egypt 17.2% 2025 up 2.7% volatile
76 Kenya 16.8% 2025 down 22.8% falling
77 Romania 16.5% 2025 up 58.7% volatile
78 Uzbekistan 16.1% 2025 up 116.1% rising
80 Ghana 14.4% 2025 up 82.8% volatile
81 Czechia 14.2% 2025 up 32.3% falling
82 Cote d'Ivoire 11.6% 2020 down 43.2% volatile
83 Cayman Islands 11.4% 2020 up 99.0% volatile
84 Tanzania 10.8% 2025 up 68.1% rising
85 Finland 10.3% 2004 down 72.2% volatile
86 Bulgaria 8.5% 2025 down 63.9% volatile
87 Argentina 8.4% 2022 up 33.1% volatile
88 Serbia 7.9% 2011 up 30.9% volatile
89 Papua New Guinea 7.4% 2017 down 94.6% volatile
90 Eswatini 6.9% 2007 down 8.4% volatile
91 Belarus 5.9% 2025 up 526.9% volatile
92 Bangladesh 5.7% 2025 down 82.9% volatile
93 Slovakia 5.3% 2014 down 5.7% volatile
94 Venezuela 4.3% 2002 down 67.0% falling
95 Ecuador 4.3% 2000 down 59.4% falling
96 Ukraine 3.4% 2018 down 87.8% volatile
97 Costa Rica 3.1% 2022 down 10.3% volatile
98 Azerbaijan 2.1% 2025 down 54.1% volatile
99 Algeria 0.2% 2018 up 277.1% volatile

Regions and income groups

Aggregates are excluded from the country ranking above so that a region can never outrank a country.

About this data

Indicator
Market capitalization of listed domestic companies (% of GDP)
Unit
% of GDP
Source
World Federation of Exchanges database, World Federation of Exchanges (WFE)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
136 places, 3,756 data points, 1975–2025
Last refreshed

Market capitalization (also known as market value) is the share price times the number of shares outstanding (including their several classes) for listed domestic companies. Investment funds, unit trusts, and companies whose only business goal is to hold shares of other listed companies are excluded. Data are end of year values.