Stock market capitalization (% of GDP) — all countries

Stock market capitalization (% of GDP) — Kazakhstan

Stock market capitalization (% of GDP) in Kazakhstan in 2025 — 51.73%. Ranked 27 in the world out of 66. Since 1998, the indicator has risen by 44.08 pp.

2025 51.73% +4.03 pp vs 2024
World rank 27of 66
Period maximum 53.93%2006
Period minimum 5.23%2002

Trend over time

1998–2025 · % of GDP

Stock market capitalization (% of GDP) — Kazakhstan, 1998–2025020406019982001200420072010201320162019202220251998: 7.65%2002: 5.23%2003: 7.87%2004: 9.13%2005: 18.43%2006: 53.93%2007: 39.46%2008: 17.44%2009: 24.22%2010: 18.02%2011: 11.7%2012: 11.32%2013: 11.08%2014: 10.38%2015: 18.92%2016: 29.26%2017: 27.31%2018: 20.63%2019: 22.39%2020: 22.36%2021: 33.38%2022: 20.31%2023: 22.56%2024: 47.7%2025: 51.73%
Change over the period: +44.08 pp Annual average: 1.63 pp

Comparison, 2025

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

Kazakhstan 51.73%
World 148.54%
Stock market capitalization (% of GDP) — Kazakhstan, by year Kazakhstan All countries CSV XLSX
Year % Change, pp
2025 51.73 +4.03 pp
2024 47.7 +25.14 pp
2023 22.56 +2.26 pp
2022 20.31 −13.07 pp
2021 33.38 +11.02 pp
2020 22.36 −0.03 pp
2019 22.39 +1.76 pp
2018 20.63 −6.68 pp
2017 27.31 −1.94 pp
2016 29.26 +10.33 pp
2015 18.92 +8.55 pp
2014 10.38 −0.71 pp
2013 11.08 −0.23 pp
2012 11.32 −0.38 pp
2011 11.7 −6.32 pp
2010 18.02 −6.21 pp
2009 24.22 +6.78 pp
2008 17.44 −22.02 pp
2007 39.46 −14.47 pp
2006 53.93 +35.5 pp
2005 18.43 +9.3 pp
2004 9.13 +1.27 pp
2003 7.87 +2.63 pp
2002 5.23
1998 7.65

Central Asia, 2025

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

KZ Kazakhstan 51.73 UZ Uzbekistan 16.12

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.