Institutional Sign In

Go

Which Country Has the Largest Stock Market vs. the Economy?

Market Capitalisation of Listed Companies (As % of GDP) (%), 2020 or latest
Investments & Pensions | May 1, 2023
$2.99
Excel Sheet

Based on a comparison of 76 countries in 2020, Hong Kong ranked the highest in market capitalisation of listed companies as of GDP with 1,777% followed by Belgium and Iran. On the other end of the scale was Algeria with 0.212%, Costa Rica with 3.06% and Ukraine with 3.37%.

Average market capitalisation of listed companies as of GDP reached 133% in 2020 in the World according to OECD. This is 18.9 % more than in the previous year and 34.7 % more than 10 years ago.

Historically, average market capitalisation of listed companies as of GDP reached an all time high of 133% in 2020 and an all time low of 23.1% in 1978. The average annual growth amounted to 3.60 % since 1975.

Data for more countries are available at Market Capitalisation of Listed Companies (As % of GDP) indicator page.

Market Capitalisation of Listed Companies (As % of GDP) Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Australia % 87.8% 87.9% 105% 114% 88.4%
Belgium % 70.7% 89.7% 79.4% 87.1% 59.1% ...
Canada % 116% 102% 130% 144% 112%
France % 73.0% 85.6% 87.3% 106% 84.8% ...
Hong Kong % 1,109% 1,029% 995% 1,275% 1,056%
Iran % 25.3% 21.9% 22.1% 21.9% 43.3%
Japan % 89.4% 110% 99.0% 126% 105%
Malaysia % 136% 127% 119% 143% 111%
Qatar % ... ... 90.1% 88.1% 102% 81.1% 88.9%
Saudi Arabia % 63.9% 64.4% 69.6% 65.6% 60.8%
Singapore % 239% 208% 201% 229% 182%
South Africa % 245% 212% 294% 323% 214%
South Korea % 81.7% 84.0% 83.6% 109% 82.0%
Switzerland % 206% 219% 204% 243% 199%
USA % 150% 138% 146% 165% 148%