* indicates monthly or quarterly data series

Stock market capitalization, billion USD, 2022:

The average for 2022 based on 14 countries was 103.09 billion U.S. dollars. The highest value was in South Africa: 1171.75 billion U.S. dollars and the lowest value was in the Seychelles: 1.22 billion U.S. dollars. The indicator is available from 1975 to 2022. Below is a chart for all countries where data are available.

Measure: billion U.S. dollars; Source: The World Bank
Select indicator
* indicates monthly or quarterly data series


Countries Stock market capitalization, in dollars, 2022 Global rank Available data
South Africa 1171.75 1 1975 - 2022
Nigeria 91.44 2 1993 - 2022
Morocco 53.71 3 2010 - 2022
Egypt 38.85 4 2006 - 2022
Botswana 31.02 5 1993 - 2022
Kenya 16.11 6 1993 - 2022
Mauritius 8.57 7 1993 - 2022
Tunisia 7.75 8 1995 - 2022
Tanzania 6.7 9 1999 - 2022
Ghana 6.46 10 1993 - 2022
Zambia 4.04 11 1995 - 2022
Rwanda 3.44 12 2018 - 2022
Namibia 2.16 13 1993 - 2022
Seychelles 1.22 14 2018 - 2022


New - World map: Stock market capitalization, in dollars




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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