Montenegro: Stock market capitalization, percent of GDP

* indicates monthly or quarterly data series
 Montenegro

Stock market capitalization as percent of GDP

 Latest value 92.65
 Year 2012
 Measure percent
 Data availability 2008 - 2012
 Average 80.99
 Min - Max 76.30 - 92.65
 Source The World Bank
For that indicator, we provide data for Montenegro from 2008 to 2012. The average value for Montenegro during that period was 80.99 percent with a minimum of 76.3 percent in 2008 and a maximum of 92.65 percent in 2012. The latest value from 2012 is 92.65 percent. For comparison, the world average in 2012 based on 62 countries is 75.30 percent. 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 values chart
Montenegro - Stock market capitalization, percent of GDP - Recent values chart




The stock market capitalization in Montenegro 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 value Reference Measure
 Stock market capitalization, percent of GDP 92.65 2012 percent
 Stock market capitalization, in dollars 3.79 2012 billion U.S. dollars
 Stock market turnover ratio 1.15 2012 percent
 Listed companies 112 2012 companies
 Stock market value traded 1.06 2012 percent
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