* indicates monthly or quarterly data series

Stock market capitalization as percent of GDP, 2022:

The average for 2022 based on 74 countries was 76.38 percent. The highest value was in Hong Kong: 1269.13 percent and the lowest value was in Armenia: 1.29 percent. The indicator is available from 1975 to 2022. Below is a chart for all countries where data are available.

Measure: percent; Source: The World Bank
Select indicator
* indicates monthly or quarterly data series


Countries Stock market capitalization, percent of GDP, 2022 Global rank Available data
Hong Kong 1269.13 1 1975 - 2022
Iran 390.1 2 1975 - 2022
South Africa 289.13 3 1975 - 2022
Saudi Arabia 238.02 4 2009 - 2022
Switzerland 223.66 5 1980 - 2022
UA Emirates 172.28 6 2007 - 2022
USA 158.41 7 1975 - 2022
Botswana 152.42 8 1993 - 2022
Singapore 132.69 9 1979 - 2022
Canada 126.98 10 1977 - 2022
Japan 126.41 11 1975 - 2022
Thailand 121.99 12 1989 - 2022
India 105.47 13 2000 - 2022
UK 100.22 14 1975 - 2022
Australia 99.19 15 1979 - 2022
South Korea 98.24 16 1979 - 2022
Chile 94.75 17 1991 - 2022
Malaysia 93.66 18 1981 - 2022
Kuwait 87.07 19 1993 - 2022
Seychelles 76.54 20 2018 - 2022
Jamaica 76.35 21 1993 - 2022
Qatar 70.59 22 2007 - 2022
Bahrain 68.18 23 1996 - 2022
Mauritius 66.16 24 1993 - 2022
China 63.85 25 2003 - 2022
Luxembourg 62.34 26 1975 - 2022
Philippines 59.01 27 1996 - 2022
Jordan 52.27 28 2007 - 2022
Israel 51.36 29 1995 - 2022
Spain 46.94 30 1975 - 2022
Germany 46.29 31 1975 - 2022
Indonesia 46.27 32 1995 - 2022
Vietnam 41.62 33 2008 - 2022
Brazil 41.37 34 2000 - 2022
Morocco 41.02 35 2010 - 2022
New Zealand 39.32 36 1985 - 2022
Turkey 36.38 37 1993 - 2022
Mexico 31 38 1975 - 2022
Peru 29.39 39 1997 - 2022
Greece 27.13 40 2001 - 2022
Croatia 27 41 1995 - 2022
Austria 26.13 42 1975 - 2022
Rwanda 25.88 43 2018 - 2022
Palestine 25.62 44 1999 - 2022
Malta 24.05 45 2000 - 2022
Russia 23.66 46 2009 - 2022
Cyprus 22.33 47 2006 - 2022
Poland 21.46 48 1995 - 2022
Panama 20.42 49 1993 - 2022
Kazakhstan 20.3 50 1998 - 2022
Colombia 19.91 51 2005 - 2022
Oman 19.42 52 1993 - 2022
Nigeria 19.35 53 1993 - 2022
Bulgaria 17.38 54 1993 - 2022
Tunisia 16.75 55 1995 - 2022
Namibia 16.71 56 1993 - 2022
Sri Lanka 14.24 57 1999 - 2022
Kenya 14.2 58 1993 - 2022
Zambia 13.84 59 1995 - 2022
Slovenia 13.6 60 1997 - 2022
Hungary 13.46 61 2002 - 2022
Czechia 9.91 62 1993 - 2022
Romania 9.64 63 1998 - 2022
Bangladesh 9.32 64 1993 - 2022
Tanzania 8.84 65 1999 - 2022
Ghana 8.76 66 1993 - 2022
Argentina 8.39 67 1983 - 2022
Egypt 8.15 68 2006 - 2022
Pakistan 7.66 69 1993 - 2022
Belarus 3.43 70 2014 - 2022
Costa Rica 3.22 71 1993 - 2022
Bermuda 2.74 72 2000 - 2022
Azerbaijan 1.86 73 1998 - 2022
Armenia 1.29 74 2018 - 2022



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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All articles

1269.13
390.10
289.13
238.02
223.66
172.28
158.41
152.42
132.69
126.98
126.41
121.99
105.47
100.22
99.19
98.24
94.75
93.66
87.07
76.54
76.35
70.59
68.18
66.16
63.85
62.34
59.01
52.27
51.36
46.94
46.29
46.27
41.62
41.37
41.02
39.32
36.38
31.00
29.39
27.13
27.00
26.13
25.88
25.62
24.05
23.66
22.33
21.46
20.42
20.30
19.91
19.42
19.35
17.38
16.75
16.71
14.24
14.20
13.84
13.60
13.46
9.91
9.64
9.32
8.84
8.76
8.39
8.15
7.66
3.43
3.22
2.74
1.86
1.29
0
317.3
634.6
951.8
1269.13
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