Azerbaijan: Stock market capitalization, percent of GDP
(measure: percent; Source: The World Bank)
* indicates monthly or quarterly data series
Azerbaijan: Stock market capitalization as percent of GDP
For that indicator, we provide data for Azerbaijan from 1998 to 1999. The average value for Azerbaijan during that period was 0.07 percent with a minimum of 0.07 percent in 1998 and a maximum of 0.07 percent in 1998.
The latest value from 1999 is 0.07 percent. For comparison, the world average in 1999 based on 71
countries is 62.07 percent.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
The stock market capitalization in Azerbaijan and other countries is calculated as the number of shares traded on the stock exchange times their prices. It is a measure of the size of the stock market in the country. It is usually reported as percent of GDP so that we can evaluate the size of the stock market relative to the size of the economy.
Stock market capitalization of about 50 percent of GDP and more is an indication of a well developed stock market. Yet, in most countries the stock market almost does not exist. The capitalization there is close to zero.
Have in mind that a large stock market capitalization does not necessarily mean that the stock market is active. The stock market could be composed of a few large companies whose shares are seldom traded.
Definition: 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.