Total market capitalization of listed domestic companies as a share of GDP by country
End-of-year total market capitalization of listed domestic companies, divided by gross domestic product, expressed as a percentage.
Countries reporting
98
Highest
1,425.0%
Hong Kong, China
Lowest
0.2%
Algeria
Median
36.0%
Years covered
51
1975–2025
Data points
2,741
What the numbers show
Total market capitalization of listed domestic companies as a share of GDP is currently reported for 98 countries. The highest value is 1,425.0% in Hong Kong, China; the lowest is 0.2% in Algeria.
The median across all reporting countries is 36.0%, and the mean is 70.7%.
The gap between the highest and lowest reporting country is a factor of about 7,464.
Over the past decade 62 countries rose and 36 fell. The largest increase was in Armenia (up 4,766.1%), and the largest decrease in Papua New Guinea (down 94.6%).
Total market capitalization of listed domestic companies as a share of GDP: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Hong Kong, China | 1,425.0% | 2025 | up 38.4% | volatile |
| 2 | South Africa | 327.2% | 2025 | up 54.2% | rising |
| 3 | India | 266.9% | 2025 | up 221.7% | volatile |
| 4 | Switzerland | 240.9% | 2025 | up 12.0% | volatile |
| 5 | United States of America | 224.0% | 2025 | up 63.5% | rising |
| 6 | Canada | 199.2% | 2025 | up 94.6% | rising |
| 7 | United Arab Emirates | 190.9% | 2024 | up 302.3% | volatile |
| 8 | Saudi Arabia | 184.7% | 2025 | up 204.2% | volatile |
| 9 | Japan | 171.6% | 2025 | up 59.0% | rising |
| 10 | Republic of Korea | 147.2% | 2025 | up 84.1% | volatile |
| 11 | Singapore | 136.5% | 2025 | down 34.3% | rising |
| 12 | Chile | 136.2% | 2025 | up 73.5% | rising |
| 13 | Netherlands | 129.7% | 2017 | up 15.8% | volatile |
| 14 | Australia | 113.9% | 2025 | up 30.1% | rising |
| 15 | Kuwait | 109.5% | 2025 | up 30.5% | rising |
| 16 | Malaysia | 103.2% | 2025 | down 18.8% | rising |
| 17 | United Kingdom of Great Britain and Northern Ireland | 97.3% | 2022 | down 19.6% | rising |
| 18 | Thailand | 88.8% | 2025 | up 2.2% | rising |
| 19 | Sweden | 86.8% | 2003 | up 83.6% | volatile |
| 20 | France | 85.1% | 2018 | up 69.1% | volatile |
| 21 | Qatar | 82.1% | 2025 | down 6.9% | falling |
| 22 | China | 79.5% | 2025 | up 9.6% | rising |
| 23 | Norway | 69.7% | 2019 | up 21.3% | volatile |
| 24 | Luxembourg | 68.6% | 2025 | down 12.5% | volatile |
| 25 | Spain | 68.1% | 2025 | up 4.3% | volatile |
| 26 | Cyprus | 67.7% | 2025 | up 400.9% | volatile |
| 27 | Indonesia | 65.7% | 2025 | up 60.1% | rising |
| 28 | Morocco | 62.5% | 2025 | up 50.3% | falling |
| 29 | Viet Nam | 61.4% | 2025 | up 150.1% | rising |
| 30 | Israel | 61.0% | 2024 | down 4.3% | volatile |
| 31 | Jordan | 60.7% | 2025 | up 1.0% | volatile |
| 32 | Denmark | 60.1% | 2004 | up 99.4% | volatile |
| 33 | Belgium | 59.2% | 2018 | up 83.1% | volatile |
| 34 | Germany | 57.4% | 2025 | up 14.6% | volatile |
| 35 | Mauritius | 55.0% | 2025 | down 7.6% | rising |
| 36 | Kazakhstan | 51.7% | 2025 | up 173.4% | volatile |
| 37 | Zambia | 51.6% | 2025 | up 280.3% | volatile |
| 38 | Barbados | 51.5% | 2020 | up 27.8% | rising |
| 39 | Iran, Islamic Republic of | 51.2% | 2025 | up 134.2% | volatile |
| 40 | Jamaica | 51.0% | 2025 | up 29.5% | rising |
| 41 | Philippines | 47.6% | 2025 | down 38.9% | rising |
| 42 | Greece | 46.0% | 2025 | up 112.5% | volatile |
| 43 | Lebanon | 45.7% | 2021 | up 101.8% | rising |
| 44 | Bahrain | 43.5% | 2025 | down 26.5% | falling |
| 45 | New Zealand | 39.1% | 2025 | down 6.4% | flat |
| 46 | Brazil | 38.2% | 2025 | up 40.4% | falling |
| 47 | Oman | 37.7% | 2025 | down 27.9% | rising |
| 48 | Austria | 36.4% | 2025 | up 43.9% | volatile |
| 49 | Croatia | 36.1% | 2025 | down 0.1% | volatile |
| 50 | Zimbabwe | 35.9% | 1999 | up 63.8% | rising |
| 51 | Russian Federation | 31.8% | 2023 | down 5.4% | falling |
| 52 | Peru | 31.4% | 2025 | up 5.4% | rising |
| 53 | Mexico | 30.6% | 2025 | down 7.8% | volatile |
| 54 | Poland | 30.6% | 2025 | up 6.5% | rising |
| 55 | Panama | 30.0% | 2025 | up 27.2% | rising |
| 56 | Nigeria | 29.9% | 2025 | up 195.0% | volatile |
| 57 | Colombia | 29.0% | 2025 | down 1.1% | falling |
| 58 | Palestine, State of | 28.8% | 2025 | up 20.5% | rising |
| 59 | Ireland | 27.8% | 2018 | up 54.9% | falling |
| 60 | Seychelles | 27.1% | 2025 | up 70.3% | falling |
| 61 | Italy | 27.0% | 2014 | down 38.0% | volatile |
| 62 | Slovenia | 26.0% | 2025 | up 84.2% | volatile |
| 63 | Portugal | 25.6% | 2018 | down 2.2% | falling |
| 64 | Hungary | 25.4% | 2025 | up 79.8% | falling |
| 65 | Türkiye | 25.3% | 2025 | up 16.0% | rising |
| 66 | Sri Lanka | 24.0% | 2025 | down 1.9% | rising |
| 67 | Botswana | 21.5% | 2025 | down 9.3% | volatile |
| 68 | Bermuda | 21.0% | 2024 | down 16.0% | volatile |
| 69 | Tunisia | 20.8% | 2025 | up 8.2% | rising |
| 70 | Rwanda | 19.6% | 2025 | down 44.9% | falling |
| 71 | Malta | 19.3% | 2025 | down 50.4% | falling |
| 72 | Armenia | 18.7% | 2024 | up 4,766.1% | volatile |
| 73 | Namibia | 18.2% | 2024 | down 16.6% | volatile |
| 74 | Pakistan | 17.3% | 2025 | up 10.7% | falling |
| 75 | Egypt | 17.2% | 2025 | up 2.7% | volatile |
| 76 | Kenya | 16.8% | 2025 | down 22.8% | falling |
| 77 | Romania | 16.5% | 2025 | up 58.7% | volatile |
| 78 | Uzbekistan | 16.1% | 2025 | up 116.1% | rising |
| 79 | Ghana | 14.4% | 2025 | up 82.8% | volatile |
| 80 | Czechia | 14.2% | 2025 | up 32.3% | falling |
| 81 | Côte d'Ivoire | 11.6% | 2020 | down 43.2% | volatile |
| 82 | Cayman Islands | 11.4% | 2020 | up 99.0% | volatile |
| 83 | Tanzania, United Republic of | 10.8% | 2025 | up 68.1% | rising |
| 84 | Finland | 10.3% | 2004 | down 72.2% | volatile |
| 85 | Bulgaria | 8.5% | 2025 | down 63.9% | volatile |
| 86 | Argentina | 8.4% | 2022 | up 33.1% | volatile |
| 87 | Serbia | 7.9% | 2011 | up 30.9% | volatile |
| 88 | Papua New Guinea | 7.4% | 2017 | down 94.6% | volatile |
| 89 | Eswatini | 6.9% | 2007 | down 8.4% | volatile |
| 90 | Belarus | 5.9% | 2025 | up 526.9% | volatile |
| 91 | Bangladesh | 5.7% | 2025 | down 82.9% | volatile |
| 92 | Slovakia | 5.3% | 2014 | down 5.7% | volatile |
| 93 | Venezuela, Bolivarian Republic of | 4.3% | 2002 | down 67.0% | falling |
| 94 | Ecuador | 4.3% | 2000 | down 59.4% | falling |
| 95 | Ukraine | 3.4% | 2018 | down 87.8% | volatile |
| 96 | Costa Rica | 3.1% | 2022 | down 10.3% | volatile |
| 97 | Azerbaijan | 2.1% | 2025 | down 54.1% | volatile |
| 98 | Algeria | 0.2% | 2018 | up 277.1% | volatile |
About this data
End-of-year total market capitalization of listed domestic companies, divided by gross domestic product, expressed as a percentage.