* indicates monthly or quarterly data series

Stock market capitalization as percent of GDP, 2020 - Country rankings:

The average for 2020 based on 17 countries was 46.7 percent.The highest value was in Switzerland: 266.08 percent and the lowest value was in Romania: 10.23 percent. The indicator is available from 1975 to 2020. 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, 2020 Global rank Available data
Switzerland 266.08 1 1980 - 2020
Luxembourg 70.3 2 1975 - 2020
Germany 59.38 3 1975 - 2020
Spain 59.24 4 1975 - 2020
Russia 46.68 5 2009 - 2020
Croatia 38.86 6 1995 - 2020
Malta 34.06 7 2000 - 2020
Turkey 32.98 8 1993 - 2020
Austria 30.49 9 1975 - 2020
Poland 29.75 10 1995 - 2020
Greece 27 11 2001 - 2020
Bulgaria 25.34 12 1993 - 2020
Cyprus 19.01 13 2006 - 2020
Hungary 17.85 14 2002 - 2020
Slovenia 15.77 15 1997 - 2020
Czechia 10.85 16 1993 - 2020
Romania 10.23 17 1998 - 2020


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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