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

Market Capitalisation of Listed Companies (As % of GDP) (%), 2019 or latest
Investments & Pensions | December 31, 2020
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Excel Sheet

Based on a comparison of 70 countries in 2019, Hong Kong ranked the highest in market capitalisation of listed companies as of GDP with 1,340% followed by Saudi Arabia and South Africa. On the other end of the scale was Algeria with 0.212%, Ukraine with 3.37% and Costa Rica with 3.59%.

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 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Australia % 86.7% 87.8% 87.8% 105% 113%
Canada % 114% 116% 102% 130% 143% ...
France % 81.9% 73.1% 85.6% 87.4% 106% ...
Hong Kong % 1,125% 1,109% 1,029% 995% 1,275%
Jamaica % ... ... ... ... ... ...
Japan % 88.1% 90.3% 112% 101% 128%
Malaysia % 155% 136% 127% 119% 143%
Netherlands % 93.3% 88.3% 95.2% 103% 132% ... ...
Qatar % ... ... 76.8% 90.1% 88.1% 102% 81.1%
Saudi Arabia % 62.6% 63.9% 64.4% 69.6% 65.6%
Singapore % 242% 239% 208% 201% 230%
South Africa % 257% 266% 232% 321% 352%
Switzerland % 224% 211% 223% 209% 248%
Thailand % 84.3% 106% 86.9% 105% 120%
USA % 143% 150% 138% 146% 165% ...