Stock market capitalization (% of GDP) — all countries

Stock market capitalization (% of GDP) — Nigeria

Stock market capitalization (% of GDP) in Nigeria in 2025 — 29.9%. Ranked 43 in the world out of 66. Since 1993, the indicator has risen by 26.12 pp.

2025 29.9% +8.33 pp vs 2024
World rank 43of 66
Period maximum 30.51%2007
Period minimum 2.5%2002

Trend over time

1993–2025 · % of GDP

Stock market capitalization (% of GDP) — Nigeria, 1993–20250102030401993199720012005200920132017202120251993: 3.78%1994: 3.7%1995: 5.52%1996: 6.85%1997: 6.25%1998: 4.73%1999: 4.97%2002: 2.5%2004: 11.69%2005: 12.66%2006: 13.77%2007: 30.51%2008: 14.16%2009: 10.92%2010: 13.77%2011: 9.42%2012: 12.11%2013: 15.5%2014: 10.93%2015: 10.14%2016: 7.36%2017: 9.91%2018: 7.47%2019: 6.57%2020: 9.23%2021: 8.9%2022: 9.64%2023: 9.53%2024: 21.57%2025: 29.9%
Change over the period: +26.12 pp Annual average: 0.82 pp

Comparison, 2025

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

Nigeria 29.9%
World 148.54%
Stock market capitalization (% of GDP) — Nigeria, by year Nigeria All countries CSV XLSX
Year % Change, pp
2025 29.9 +8.33 pp
2024 21.57 +12.03 pp
2023 9.53 −0.11 pp
2022 9.64 +0.74 pp
2021 8.9 −0.33 pp
2020 9.23 +2.66 pp
2019 6.57 −0.9 pp
2018 7.47 −2.43 pp
2017 9.91 +2.54 pp
2016 7.36 −2.77 pp
2015 10.14 −0.8 pp
2014 10.93 −4.57 pp
2013 15.5 +3.38 pp
2012 12.11 +2.7 pp
2011 9.42 −4.36 pp
2010 13.77 +2.85 pp
2009 10.92 −3.23 pp
2008 14.16 −16.35 pp
2007 30.51 +16.74 pp
2006 13.77 +1.11 pp
2005 12.66 +0.98 pp
2004 11.69
2002 2.5
1999 4.97 +0.24 pp
1998 4.73 −1.53 pp
1997 6.25 −0.59 pp
1996 6.85 +1.33 pp
1995 5.52 +1.82 pp
1994 3.7 −0.07 pp
1993 3.78

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.