* indicates monthly or quarterly data series

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

The average for 2020 based on 67 countries was 99.07 percent.The highest value was in Hong Kong: 1777.54 percent and the lowest value was in Costa Rica: 3.06 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
Select indicator
* indicates monthly or quarterly data series


Countries Stock market capitalization, percent of GDP, 2020 Global rank Available data
Hong Kong 1777.54 1 1975 - 2020
Iran 526.2 2 1975 - 2020
Saudi Arabia 345.35 3 2009 - 2020
South Africa 313.48 4 1975 - 2020
Switzerland 266.08 5 1980 - 2020
USA 194.89 6 1975 - 2020
Singapore 189 7 1979 - 2020
Canada 160.53 8 1977 - 2020
Japan 133.3 9 1975 - 2020
South Korea 132.86 10 1979 - 2020
Australia 129.58 11 1979 - 2020
Malaysia 129.53 12 1981 - 2020
Qatar 114.53 13 2007 - 2020
Thailand 108.7 14 1989 - 2020
Kuwait 100.03 15 1993 - 2020
India 97.29 16 2000 - 2020
Jamaica 84.71 17 1993 - 2020
China 83.16 18 2003 - 2020
UA Emirates 82.16 19 2007 - 2020
Philippines 75.41 20 1996 - 2020
Chile 73.02 21 1991 - 2020
Bahrain 70.87 22 1996 - 2020
Luxembourg 70.3 23 1975 - 2020
Brazil 68.23 24 2000 - 2020
Israel 64.37 25 1995 - 2020
New Zealand 62.44 26 1985 - 2020
Germany 59.38 27 1975 - 2020
Barbados 59.29 28 1993 - 2020
Spain 59.24 29 1975 - 2020
Morocco 57.16 30 2010 - 2020
Mauritius 56.37 31 1993 - 2020
Vietnam 54.19 32 2008 - 2020
Indonesia 46.86 33 1995 - 2020
Russia 46.68 34 2009 - 2020
Peru 43.18 35 1997 - 2020
Jordan 41.66 36 2007 - 2020
Colombia 39.33 37 2005 - 2020
Croatia 38.86 38 1995 - 2020
Mexico 36.76 39 1975 - 2020
Malta 34.06 40 2000 - 2020
Turkey 32.98 41 1993 - 2020
Austria 30.49 42 1975 - 2020
Poland 29.75 43 1995 - 2020
Greece 27 44 2001 - 2020
Kazakhstan 26.42 45 1998 - 2020
Lebanon 25.83 46 1996 - 2020
Panama 25.82 47 1993 - 2020
Bulgaria 25.34 48 1993 - 2020
Bangladesh 24.01 49 1993 - 2020
Oman 22.28 50 1993 - 2020
Palestine 22.19 51 1999 - 2020
Kenya 21.26 52 1993 - 2020
Tunisia 20.16 53 1995 - 2020
Sri Lanka 19.74 54 1999 - 2020
Cyprus 19.01 55 2006 - 2020
Hungary 17.85 56 2002 - 2020
Namibia 17.68 57 1993 - 2020
Slovenia 15.77 58 1997 - 2020
Ghana 13.2 59 1993 - 2020
Nigeria 13.09 60 1993 - 2020
Ivory Coast 11.95 61 1993 - 2020
Egypt 11.32 62 2006 - 2020
Czechia 10.85 63 1993 - 2020
Tanzania 10.39 64 1999 - 2020
Romania 10.23 65 1998 - 2020
Bermuda 3.2 66 2000 - 2020
Costa Rica 3.06 67 1993 - 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.
1777.54
526.20
345.35
313.48
266.08
194.89
189.00
160.53
133.30
132.86
129.58
129.53
114.53
108.70
100.03
97.29
84.71
83.16
82.16
75.41
73.02
70.87
70.30
68.23
64.37
62.44
59.38
59.29
59.24
57.16
56.37
54.19
46.86
46.68
43.18
41.66
39.33
38.86
36.76
34.06
32.98
30.49
29.75
27.00
26.42
25.83
25.82
25.34
24.01
22.28
22.19
21.26
20.16
19.74
19.01
17.85
17.68
15.77
13.20
13.09
11.95
11.32
10.85
10.39
10.23
3.20
3.06
0
444.4
888.8
1333.2
1777.54
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