Ghana: Stock market capitalization, percent of GDP

* indicates monthly or quarterly data series
 Ghana

Stock market capitalization as percent of GDP

 Latest value 8.70
 Year 2022
 Measure percent
 Data availability 1993 - 2022
 Average 11.88
 Min - Max 2.05 - 34.87
 Source The World Bank
The latest value from 2022 is 8.7 percent, a decline from 13.19 percent in 2021. In comparison, the world average is 76.03 percent, based on data from 74 countries. Historically, the average for Ghana from 1993 to 2022 is 11.88 percent. The minimum value, 2.05 percent, was reached in 1993 while the maximum of 34.87 percent was recorded in 1994. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Ghana - Stock market capitalization, percent of GDP - Recent values chart

Historical series
Ghana - Stock market capitalization, percent of GDP - historical chart - 1993-2022




The stock market capitalization in Ghana 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.

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 Related indicators Latest Reference Measure
 Stock market capitalization, percent of GDP 8.70 2022 percent
 Stock market capitalization, in dollars 6.46 2022 billion U.S. dollars
 Stock market turnover ratio 0.96 2022 percent
 Listed companies 30 2022 companies
 Stock market value traded 0.08 2022 percent
 Stock market return 28.63 2021 percent
 Stock market access for smaller firms 66.80 2020 percent
 Stock market activity for smaller firms 10.67 2020 percent
 Stock price volatility 14.01 2021 percent
 Life insurance volume 0.52 2020 percent
 Non-life insurance premium volume 0.50 2020 percent
 Pension fund assets to GDP 5.46 2020 percent
 Insurance company assets 2.25 2017 percent
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