* indicates monthly or quarterly data series

Stock market capitalization w/o top 10 firms, percent of total market cap, 2020:

The average for 2020 based on 12 countries was 54.14 percent. The highest value was in Japan: 82.65 percent and the lowest value was in Saudi Arabia: 10.62 percent. The indicator is available from 1998 to 2020. Below is a chart for all countries where data are available.

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


Countries Stock market access for smaller firms, 2020 Global rank Available data
Japan 82.65 1 1998 - 2020
Malaysia 68.37 2 1999 - 2020
Iran 67 3 1998 - 2020
Sri Lanka 66.34 4 1998 - 2020
Thailand 65.61 5 1998 - 2020
China 63.36 6 2001 - 2020
Taiwan 62.91 7 1998 - 2020
Hong Kong 59.8 8 1998 - 2020
Philippines 54.72 9 1998 - 2020
Jordan 36.56 10 2006 - 2020
Kazakhstan 11.69 11 2013 - 2020
Saudi Arabia 10.62 12 2008 - 2020


New - World map: Stock market access for smaller firms




Definition: Value of listed shares outside of the top ten largest companies to total value of all listed shares.

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