Stock market capitalization, percent of GDP - Country rankings
* indicates monthly or quarterly data series
Stock market capitalization as percent of GDP, 2025:
The average for 2025 based on 66 countries was 86.34 percent. The highest value was in Hong Kong: 1425.01 percent and the lowest value was in Azerbaijan: 2.07 percent. The indicator is available from 1975 to 2025. Below is a chart for all countries where data are available.Measure: percent; Source: The World Bank
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* indicates monthly or quarterly data series
| Countries | Stock market capitalization, percent of GDP, 2025 | Global rank | Available data |
|---|---|---|---|
| Hong Kong | 1425.01 | 1 | 1975 - 2025 |
| South Africa | 327.24 | 2 | 1975 - 2025 |
| India | 266.92 | 3 | 2000 - 2025 |
| Switzerland | 240.94 | 4 | 1975 - 2025 |
| USA | 224.04 | 5 | 1975 - 2025 |
| Canada | 199.2 | 6 | 1977 - 2025 |
| Saudi Arabia | 184.71 | 7 | 2009 - 2025 |
| Japan | 171.6 | 8 | 1975 - 2025 |
| South Korea | 147.23 | 9 | 1979 - 2025 |
| Singapore | 136.51 | 10 | 1979 - 2025 |
| Chile | 136.2 | 11 | 1991 - 2025 |
| Australia | 113.87 | 12 | 1979 - 2025 |
| Kuwait | 109.49 | 13 | 1993 - 2025 |
| Malaysia | 103.23 | 14 | 1981 - 2025 |
| Thailand | 88.8 | 15 | 1989 - 2025 |
| Qatar | 82.07 | 16 | 2007 - 2025 |
| China | 79.54 | 17 | 2003 - 2025 |
| Luxembourg | 68.61 | 18 | 1975 - 2025 |
| Spain | 68.06 | 19 | 1975 - 2025 |
| Cyprus | 67.74 | 20 | 2006 - 2025 |
| Indonesia | 65.69 | 21 | 1995 - 2025 |
| Morocco | 62.51 | 22 | 2010 - 2025 |
| Vietnam | 61.4 | 23 | 2008 - 2025 |
| Jordan | 60.65 | 24 | 2007 - 2025 |
| Germany | 57.39 | 25 | 1975 - 2025 |
| Mauritius | 55.02 | 26 | 1993 - 2025 |
| Kazakhstan | 51.73 | 27 | 1998 - 2025 |
| Zambia | 51.62 | 28 | 1995 - 2025 |
| Iran | 51.18 | 29 | 1975 - 2025 |
| Jamaica | 51.04 | 30 | 1993 - 2025 |
| Philippines | 47.64 | 31 | 1996 - 2025 |
| Greece | 45.96 | 32 | 2001 - 2025 |
| Bahrain | 43.52 | 33 | 1996 - 2025 |
| New Zealand | 39.07 | 34 | 1985 - 2025 |
| Brazil | 38.22 | 35 | 2000 - 2025 |
| Oman | 37.68 | 36 | 1993 - 2025 |
| Austria | 36.44 | 37 | 1975 - 2025 |
| Croatia | 36.08 | 38 | 1994 - 2025 |
| Peru | 31.41 | 39 | 1997 - 2025 |
| Mexico | 30.58 | 40 | 1975 - 2025 |
| Poland | 30.56 | 41 | 1995 - 2025 |
| Panama | 30.05 | 42 | 1993 - 2025 |
| Nigeria | 29.9 | 43 | 1993 - 2025 |
| Colombia | 28.97 | 44 | 2005 - 2025 |
| Palestine | 28.79 | 45 | 1999 - 2025 |
| Seychelles | 27.08 | 46 | 2018 - 2025 |
| Slovenia | 26.03 | 47 | 1997 - 2025 |
| Hungary | 25.39 | 48 | 2002 - 2025 |
| Turkey | 25.31 | 49 | 1993 - 2025 |
| Sri Lanka | 24 | 50 | 1999 - 2025 |
| Botswana | 21.47 | 51 | 1993 - 2025 |
| Tunisia | 20.84 | 52 | 1995 - 2025 |
| Rwanda | 19.56 | 53 | 2018 - 2025 |
| Malta | 19.26 | 54 | 2000 - 2025 |
| Pakistan | 17.26 | 55 | 1993 - 2025 |
| Egypt | 17.21 | 56 | 2006 - 2025 |
| Kenya | 16.79 | 57 | 1993 - 2025 |
| Romania | 16.54 | 58 | 1998 - 2025 |
| Uzbekistan | 16.12 | 59 | 2020 - 2025 |
| Ghana | 14.4 | 60 | 1993 - 2025 |
| Czechia | 14.16 | 61 | 1993 - 2025 |
| Tanzania | 10.85 | 62 | 1999 - 2025 |
| Bulgaria | 8.55 | 63 | 1993 - 2025 |
| Belarus | 5.93 | 64 | 2014 - 2025 |
| Bangladesh | 5.75 | 65 | 1993 - 2025 |
| Azerbaijan | 2.07 | 66 | 1998 - 2025 |
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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1425.01
327.24
266.92
240.94
224.04
199.20
184.71
171.60
147.23
136.51
136.20
113.87
109.49
103.23
88.80
82.07
79.54
68.61
68.06
67.74
65.69
62.51
61.40
60.65
57.39
55.02
51.73
51.62
51.18
51.04
47.64
45.96
43.52
39.07
38.22
37.68
36.44
36.08
31.41
30.58
30.56
30.05
29.90
28.97
28.79
27.08
26.03
25.39
25.31
24.00
21.47
20.84
19.56
19.26
17.26
17.21
16.79
16.54
16.12
14.40
14.16
10.85
8.55
5.93
5.75
2.07
0
356.3
712.5
1068.8
1425.01
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