The value of a country's listed companies as a percent of GDP.
The ranking uses the latest available value for each country — the year is shown in the row. The table spans 1996 to 2025.
Top-20 · % of GDP
The scale does not start at zero — the values lie in a narrow range, and starting from zero the bars would be indistinguishable. The axis ticks are labeled.
| # | Year | Subregion | World rank | ||
|---|---|---|---|---|---|
| 1 |
Hong Kong
|
1,425.01 | 2025 | 1 | |
| 2 |
South Africa
|
327.24 | 2025 | 2 | |
| 3 |
India
|
266.92 | 2025 | 3 | |
| 4 |
Switzerland
|
240.94 | 2025 | 4 | |
| 5 |
United States
|
224.04 | 2025 | 5 | |
| 6 |
Canada
|
199.2 | 2025 | 6 | |
| 7 |
United Arab Emirates
|
190.86 | 2024 | 7 | |
| 8 |
Saudi Arabia
|
184.71 | 2025 | 8 | |
| 9 |
Japan
|
171.6 | 2025 | 9 | |
| 10 |
South Korea
|
147.23 | 2025 | 10 | |
| 11 |
Singapore
|
136.51 | 2025 | 11 | |
| 12 |
Chile
|
136.2 | 2025 | 12 | |
| 13 |
Netherlands
|
129.69 | 2017 | 13 | |
| 14 |
Australia
|
113.87 | 2025 | 14 | |
| 15 |
Kuwait
|
109.49 | 2025 | 15 | |
| 16 |
Malaysia
|
103.23 | 2025 | 16 | |
| 17 |
United Kingdom
|
97.32 | 2022 | 17 | |
| 18 |
Montenegro
|
93.01 | 2012 | 18 | |
| 19 |
Thailand
|
88.8 | 2025 | 19 | |
| 20 |
Sweden
|
86.77 | 2003 | 20 | |
| 21 |
France
|
85.06 | 2018 | 21 | |
| 22 |
Qatar
|
82.07 | 2025 | 22 | |
| 23 |
China
|
79.54 | 2025 | 23 | |
| 24 |
Norway
|
69.66 | 2019 | 24 | |
| 25 |
Luxembourg
|
68.61 | 2025 | 25 | |
| 26 |
Spain
|
68.06 | 2025 | 26 | |
| 27 |
Cyprus
|
67.74 | 2025 | 27 | |
| 28 |
Indonesia
|
65.69 | 2025 | 28 | |
| 29 |
Morocco
|
62.51 | 2025 | 29 | |
| 30 |
Vietnam
|
61.4 | 2025 | 30 | |
| 31 |
Israel
|
61.02 | 2024 | 31 | |
| 32 |
Jordan
|
60.65 | 2025 | 32 | |
| 33 |
Denmark
|
60.06 | 2004 | 33 | |
| 34 |
Belgium
|
59.17 | 2018 | 34 | |
| 35 |
Germany
|
57.39 | 2025 | 35 | |
| 36 |
Mauritius
|
55.02 | 2025 | 36 | |
| 37 |
Kazakhstan
|
51.73 | 2025 | 37 | |
| 38 |
Zambia
|
51.62 | 2025 | 38 | |
| 39 |
Barbados
|
51.46 | 2020 | 39 | |
| 40 |
Iran
|
51.18 | 2025 | 40 | |
| 41 |
Jamaica
|
51.04 | 2025 | 41 | |
| 42 |
Philippines
|
47.64 | 2025 | 42 | |
| 43 |
Greece
|
45.96 | 2025 | 43 | |
| 44 |
Lebanon
|
45.73 | 2021 | 44 | |
| 45 |
Trinidad and Tobago
|
44.07 | 2001 | 45 | |
| 46 |
Bahrain
|
43.52 | 2025 | 46 | |
| 47 |
New Zealand
|
39.07 | 2025 | 47 | |
| 48 |
Brazil
|
38.22 | 2025 | 48 | |
| 49 |
Oman
|
37.68 | 2025 | 49 | |
| 50 |
Austria
|
36.44 | 2025 | 50 | |
| 51 |
Croatia
|
36.08 | 2025 | 51 | |
| 52 |
Zimbabwe
|
35.86 | 1999 | 52 | |
| 53 |
Russia
|
31.79 | 2023 | 53 | |
| 54 |
Peru
|
31.41 | 2025 | 54 | |
| 55 |
Mexico
|
30.58 | 2025 | 55 | |
| 56 |
Poland
|
30.56 | 2025 | 56 | |
| 57 |
Panama
|
30.05 | 2025 | 57 | |
| 58 |
Nigeria
|
29.9 | 2025 | 58 | |
| 59 |
Colombia
|
28.97 | 2025 | 59 | |
| 60 |
Palestine
|
28.79 | 2025 | 60 | |
| 61 |
Ireland
|
27.83 | 2018 | 61 | |
| 62 |
Seychelles
|
27.08 | 2025 | 62 | |
| 63 |
Italy
|
27.02 | 2014 | 63 | |
| 64 |
Slovenia
|
26.03 | 2025 | 64 | |
| 65 |
Portugal
|
25.58 | 2018 | 65 | |
| 66 |
Hungary
|
25.39 | 2025 | 66 | |
| 67 |
Türkiye
|
25.31 | 2025 | 67 | |
| 68 |
Sri Lanka
|
24 | 2025 | 68 | |
| 69 |
Botswana
|
21.47 | 2025 | 69 | |
| 70 |
Bermuda
|
20.97 | 2024 | 70 | |
| 71 |
Tunisia
|
20.84 | 2025 | 71 | |
| 72 |
Rwanda
|
19.56 | 2025 | 72 | |
| 73 |
Malta
|
19.26 | 2025 | 73 | |
| 74 |
Armenia
|
18.67 | 2024 | 74 | |
| 75 |
Namibia
|
18.18 | 2024 | 75 | |
| 76 |
Pakistan
|
17.26 | 2025 | 76 | |
| 77 |
Egypt
|
17.21 | 2025 | 77 | |
| 78 |
Kenya
|
16.79 | 2025 | 78 | |
| 79 |
Romania
|
16.54 | 2025 | 79 | |
| 80 |
Uzbekistan
|
16.12 | 2025 | 80 | |
| 81 |
Channel Islands
|
15.29 | 2006 | 81 | |
| 82 |
Ghana
|
14.4 | 2025 | 82 | |
| 83 |
Czechia
|
14.16 | 2025 | 83 | |
| 84 |
Côte d'Ivoire
|
11.63 | 2020 | 84 | |
| 85 |
Cayman Islands
|
11.39 | 2020 | 85 | |
| 86 |
Tanzania
|
10.85 | 2025 | 86 | |
| 87 |
Finland
|
10.3 | 2004 | 87 | |
| 88 |
Bulgaria
|
8.55 | 2025 | 88 | |
| 89 |
Argentina
|
8.35 | 2022 | 89 | |
| 90 |
Serbia
|
7.91 | 2011 | 90 | |
| 91 |
Papua New Guinea
|
7.39 | 2017 | 91 | |
| 92 |
Eswatini
|
6.91 | 2007 | 92 | |
| 93 |
Belarus
|
5.93 | 2025 | 93 | |
| 94 |
Bangladesh
|
5.75 | 2025 | 94 | |
| 95 |
Slovakia
|
5.29 | 2014 | 95 | |
| 96 |
Venezuela
|
4.28 | 2002 | 96 | |
| 97 |
Ecuador
|
4.26 | 2000 | 97 | |
| 98 |
Paraguay
|
3.54 | 1999 | 98 | |
| 99 |
Ukraine
|
3.37 | 2018 | 99 | |
| 100 |
Costa Rica
|
3.14 | 2022 | 100 | |
| 101 |
Azerbaijan
|
2.07 | 2025 | 101 | |
| 102 |
Uruguay
|
1.38 | 1996 | 102 | |
| 103 |
Algeria
|
0.19 | 2018 | 103 |
The market capitalization of domestic listed companies as a percent of GDP — the combined value of the shares of all companies quoted on national exchanges, excluding investment funds and foreign issuers. It measures the role of the equity market in financing the economy; in countries with a bank-centered model it is markedly lower at the same level of development.
What all of a country's companies traded on its exchange are worth.
Business 1975–2025 Stocks traded, total value (% of GDP)The annual turnover in shares as a percent of GDP — the liquidity of the market.
Business 1975–2025 Listed domestic companiesHow many domestic companies are quoted on a country's exchanges.
Finance 1960–2025 Credit to the private sectorThe volume of bank lending to businesses and households as a percent of GDP.