Stock market capitalization (% of GDP) — all countries

Stock market capitalization (% of GDP) — Panama

Stock market capitalization (% of GDP) in Panama in 2025 — 30.05%. Ranked 42 in the world out of 66. Since 1993, the indicator has risen by 25.08 pp.

2025 30.05% +8.91 pp vs 2024
World rank 42of 66
Period maximum 38.33%2006
Period minimum 4.96%1993

Trend over time

1993–2025 · % of GDP

Stock market capitalization (% of GDP) — Panama, 1993–20250102030401993199720012005200920132017202120251993: 4.96%1994: 8.13%1995: 8.68%1996: 13.91%1997: 21.62%1998: 34.64%1999: 29.86%2000: 23.35%2001: 21.24%2002: 24.17%2003: 23.67%2004: 27.83%2005: 35.87%2006: 38.33%2007: 33.17%2008: 27.47%2009: 27.79%2010: 27.61%2011: 29.93%2012: 30.16%2013: 26.77%2014: 26.75%2015: 23.62%2016: 22.7%2017: 23.35%2018: 23.25%2019: 24.76%2020: 24.43%2021: 22.94%2022: 20.43%2023: 24.29%2024: 21.14%2025: 30.05%
Change over the period: +25.08 pp Annual average: 0.78 pp

Comparison, 2025

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

Panama 30.05%
World 148.54%
Stock market capitalization (% of GDP) — Panama, by year Panama All countries CSV XLSX
Year % Change, pp
2025 30.05 +8.91 pp
2024 21.14 −3.15 pp
2023 24.29 +3.85 pp
2022 20.43 −2.5 pp
2021 22.94 −1.49 pp
2020 24.43 −0.33 pp
2019 24.76 +1.51 pp
2018 23.25 −0.11 pp
2017 23.35 +0.66 pp
2016 22.7 −0.93 pp
2015 23.62 −3.12 pp
2014 26.75 −0.03 pp
2013 26.77 −3.38 pp
2012 30.16 +0.23 pp
2011 29.93 +2.32 pp
2010 27.61 −0.17 pp
2009 27.79 +0.32 pp
2008 27.47 −5.7 pp
2007 33.17 −5.16 pp
2006 38.33 +2.46 pp
2005 35.87 +8.04 pp
2004 27.83 +4.16 pp
2003 23.67 −0.5 pp
2002 24.17 +2.94 pp
2001 21.24 −2.11 pp
2000 23.35 −6.51 pp
1999 29.86 −4.78 pp
1998 34.64 +13.02 pp
1997 21.62 +7.71 pp
1996 13.91 +5.23 pp
1995 8.68 +0.55 pp
1994 8.13 +3.17 pp
1993 4.96

Central America, 2025

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

MX Mexico 30.58 PA Panama 30.05

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.