Nigeria: Stock market capitalization, percent of GDP

* indicates monthly or quarterly data series
 Nigeria

Stock market capitalization as percent of GDP

 Latest value 19.35
 Year 2022
 Measure percent
 Data availability 1993 - 2022
 Average 11.26
 Min - Max 2.50 - 33.64
 Source The World Bank
For that indicator, we provide data for Nigeria from 1993 to 2022. The average value for Nigeria during that period was 11.26 percent with a minimum of 2.5 percent in 2002 and a maximum of 33.64 percent in 2021. The latest value from 2022 is 19.35 percent. For comparison, the world average in 2022 based on 74 countries is 76.38 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent values chart
Nigeria - Stock market capitalization, percent of GDP - Recent values chart

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




The stock market capitalization in Nigeria 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.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

Are trade deficits bad for the economy?

The unholy trinity of international finance

Most commonly used measures of corruption

All articles



 Related indicators Latest value Reference Measure
 Stock market capitalization, percent of GDP 19.35 2022 percent
 Stock market capitalization, in dollars 91.44 2022 billion U.S. dollars
 Stock market turnover ratio 2.44 2022 percent
 Listed companies 173 2022 companies
 Stock market value traded 0.57 2020 percent
 Stock market return 47.63 2021 percent
 Stock market access for smaller firms 27.46 2018 percent
 Stock market activity for smaller firms 21.31 2018 percent
 Stock price volatility 15.66 2021 percent
 Mutual fund assets 0.97 2020 percent
 Life insurance volume 0.14 2018 percent
 Non-life insurance premium volume 0.19 2018 percent
 Pension fund assets to GDP 7.98 2020 percent
 Insurance company assets 1.05 2019 percent
 Nonbank financial institutions assets to GDP 5.62 2021 percent
This site uses cookies.
Learn more here


OK