Stock market capitalization (% of GDP) — all countries

Stock market capitalization (% of GDP) — Ghana

Stock market capitalization (% of GDP) in Ghana in 2025 — 14.4%. Ranked 60 in the world out of 66. Since 1993, the indicator has risen by 12.35 pp.

2025 14.4% +5.3 pp vs 2024
World rank 60of 66
Period maximum 34.87%1994
Period minimum 2.05%1993

Trend over time

1993–2025 · % of GDP

Stock market capitalization (% of GDP) — Ghana, 1993–20250102030401993199720012005200920132017202120251993: 2.05%1994: 34.87%1995: 25.81%1996: 23.92%1997: 16.39%1998: 18.54%1999: 11.92%2000: 10.03%2001: 5.27%2002: 5.68%2003: 8.38%2004: 5.4%2005: 5.68%2006: 3.64%2007: 9.67%2008: 9.92%2009: 9.32%2010: 9.15%2011: 7.88%2019: 14.58%2020: 13.21%2021: 13.19%2022: 8.74%2023: 7.71%2024: 9.1%2025: 14.4%
Change over the period: +12.35 pp Annual average: 0.39 pp

Comparison, 2025

How the value compares with the world and the groups this territory belongs to: Ghana

Ghana 14.4%
World 148.54%
Stock market capitalization (% of GDP) — Ghana, by year Ghana All countries CSV XLSX
Year % Change, pp
2025 14.4 +5.3 pp
2024 9.1 +1.39 pp
2023 7.71 −1.04 pp
2022 8.74 −4.44 pp
2021 13.19 −0.02 pp
2020 13.21 −1.37 pp
2019 14.58
2011 7.88 −1.28 pp
2010 9.15 −0.16 pp
2009 9.32 −0.6 pp
2008 9.92 +0.25 pp
2007 9.67 +6.03 pp
2006 3.64 −2.04 pp
2005 5.68 +0.27 pp
2004 5.4 −2.98 pp
2003 8.38 +2.71 pp
2002 5.68 +0.41 pp
2001 5.27 −4.77 pp
2000 10.03 −1.89 pp
1999 11.92 −6.62 pp
1998 18.54 +2.15 pp
1997 16.39 −7.53 pp
1996 23.92 −1.88 pp
1995 25.81 −9.07 pp
1994 34.87 +32.83 pp
1993 2.05

Western Africa, 2025

The same indicator for neighboring countries — with links to their pages

NG Nigeria 29.9 GH Ghana 14.4

About the indicator

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.

Source: World Development Indicators (World Bank), license CC BY 4.0.