Stock market capitalization (% of GDP) — all countries

Stock market capitalization (% of GDP) — Zambia

Stock market capitalization (% of GDP) in Zambia in 2025 — 51.62%. Ranked 28 in the world out of 66. Since 1995, the indicator has risen by 40.38 pp.

2025 51.62% +20.93 pp vs 2024
World rank 28of 66
Period maximum 51.62%2025
Period minimum 6.03%1996

Trend over time

1995–2025 · % of GDP

Stock market capitalization (% of GDP) — Zambia, 1995–20250204060199519982001200420072010201320162019202220251995: 11.24%1996: 6.03%1997: 11.66%1998: 8.08%1999: 8.04%2001: 7.33%2003: 15.42%2004: 26.52%2005: 30.21%2006: 23.14%2011: 13.57%2020: 14.98%2021: 18.26%2022: 13.84%2023: 12.53%2024: 30.69%2025: 51.62%
Change over the period: +40.38 pp Annual average: 1.35 pp

Comparison, 2025

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

Zambia 51.62%
World 148.54%
Stock market capitalization (% of GDP) — Zambia, by year Zambia All countries CSV XLSX
Year % Change, pp
2025 51.62 +20.93 pp
2024 30.69 +18.16 pp
2023 12.53 −1.31 pp
2022 13.84 −4.42 pp
2021 18.26 +3.28 pp
2020 14.98
2011 13.57
2006 23.14 −7.06 pp
2005 30.21 +3.68 pp
2004 26.52 +11.11 pp
2003 15.42
2001 7.33
1999 8.04 −0.04 pp
1998 8.08 −3.58 pp
1997 11.66 +5.63 pp
1996 6.03 −5.21 pp
1995 11.24

Eastern Africa, 2025

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

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.