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Stocks traded, total value (% of GDP)

The annual turnover in shares as a percent of GDP — the liquidity of the market.

Unit: % of GDP Period: 1975–2025 Source: World Development Indicators (World Bank)
Source: World Bank · About the indicator
Average: 36.4% Countries: 106

The ranking uses the latest available value for each country — the year is shown in the row. The table spans 1999 to 2025.

Stocks traded, total value (% of GDP), 1999–2025

Top-20 · % of GDP

Stocks traded, total value (% of GDP), 1999–202505001,0001,500Hong KongHong Kong: 1,372.42%1,372.42ChinaChina: 303.71%303.71JapanJapan: 187.93%187.93United StatesUnited States: 180.26%180.26South KoreaSouth Korea: 176.34%176.34CanadaCanada: 125.98%125.98FinlandFinland: 95.59%95.59ItalyItaly: 94.59%94.59SwitzerlandSwitzerland: 85.62%85.62IcelandIceland: 84.04%84.04SwedenSweden: 80.56%80.56IndiaIndia: 72.66%72.66South AfricaSouth Africa: 66.52%66.52AustraliaAustralia: 61.2%61.2TürkiyeTürkiye: 61.17%61.17FranceFrance: 54.39%54.39NetherlandsNetherlands: 52.82%52.82KuwaitKuwait: 52.17%52.17ThailandThailand: 50.3%50.3BrazilBrazil: 45.31%45.31
Stocks traded, total value (% of GDP) — 1999–2025 Current breakdown Full series CSV XLSX JSON
# Year Subregion World rank
1 HK Hong Kong 1,372.42 2025 1
2 CN China 303.71 2025 2
3 JP Japan 187.93 2025 3
4 US United States 180.26 2025 4
5 KR South Korea 176.34 2025 5
6 CA Canada 125.98 2025 6
7 FI Finland 95.59 2004 7
8 IT Italy 94.59 2014 8
9 CH Switzerland 85.62 2025 9
10 IS Iceland 84.04 2004 10
11 SE Sweden 80.56 2004 11
12 IN India 72.66 2025 12
13 ZA South Africa 66.52 2025 13
14 AU Australia 61.2 2025 14
15 TR Türkiye 61.17 2025 15
16 FR France 54.39 2015 16
17 NL Netherlands 52.82 2014 17
18 KW Kuwait 52.17 2025 18
19 TH Thailand 50.3 2025 19
20 BR Brazil 45.31 2025 20
21 VN Vietnam 43.96 2025 21
22 SG Singapore 30.31 2019 22
23 MY Malaysia 29.93 2025 23
24 DE Germany 29.4 2025 24
25 DK Denmark 27.06 2004 25
26 IL Israel 26.9 2025 26
27 SA Saudi Arabia 26.08 2025 27
28 ES Spain 24.62 2025 28
29 NO Norway 23.97 2019 29
30 AE United Arab Emirates 21.82 2024 30
31 PT Portugal 20.34 2014 31
32 BE Belgium 19.93 2014 32
33 GB United Kingdom 18.62 2023 33
34 GR Greece 17.15 2025 34
35 CL Chile 15.41 2025 35
36 ID Indonesia 14.92 2025 36
37 QA Qatar 13.43 2025 37
38 PL Poland 11.76 2025 38
39 RU Russia 10.48 2023 39
40 OM Oman 9.42 2025 40
41 IE Ireland 8.11 2018 41
42 PK Pakistan 7.59 2025 42
43 EE Estonia 7.4 2004 43
44 MA Morocco 7.27 2025 44
45 MX Mexico 6.93 2025 45
46 AT Austria 6.75 2025 46
47 EG Egypt 6.5 2025 47
48 IR Iran 6.04 2025 48
49 HU Hungary 5.3 2025 49
50 PH Philippines 5.05 2025 50
51 NZ New Zealand 4.98 2025 51
52 JO Jordan 4.9 2025 52
53 SC Seychelles 3.49 2025 53
54 BH Bahrain 3.31 2025 54
55 ZW Zimbabwe 2.93 1999 55
56 LK Sri Lanka 2.89 2025 56
57 PS Palestine 2.23 2025 57
58 LT Lithuania 2.17 2004 58
59 BD Bangladesh 2.16 2025 59
60 CO Colombia 2.07 2025 60
61 TT Trinidad and Tobago 1.88 2001 61
62 JM Jamaica 1.86 2025 62
63 TN Tunisia 1.84 2025 63
64 BW Botswana 1.81 2025 64
65 MU Mauritius 1.6 2025 65
66 CZ Czechia 1.59 2025 66
67 LV Latvia 1.15 2004 67
68 NG Nigeria 1.12 2025 68
69 ME Montenegro 1.07 2012 69
70 SI Slovenia 1.01 2025 70
71 RO Romania 0.73 2025 71
72 PA Panama 0.59 2025 72
73 HR Croatia 0.59 2025 73
74 RS Serbia 0.53 2012 74
75 KE Kenya 0.52 2025 75
76 CY Cyprus 0.41 2025 76
77 PE Peru 0.4 2025 77
78 ZM Zambia 0.31 2025 78
79 CI Côte d'Ivoire 0.27 2020 79
80 BG Bulgaria 0.24 2025 80
81 MT Malta 0.21 2025 81
82 TZ Tanzania 0.2 2025 82
83 KZ Kazakhstan 0.19 2025 83
84 AR Argentina 0.18 2023 84
85 NA Namibia 0.17 2024 85
86 PY Paraguay 0.13 2002 86
87 BM Bermuda 0.12 2024 87
88 SZ Eswatini 0.1 2007 88
89 VE Venezuela 0.1 2002 89
90 LU Luxembourg 0.08 2025 90
91 LB Lebanon 0.07 2022 91
92 CR Costa Rica 0.06 2022 92
93 EC Ecuador 0.05 2002 93
94 GH Ghana 0.04 2025 94
95 RW Rwanda 0.03 2025 95
96 KY Cayman Islands 0.02 2020 96
97 BY Belarus 0.01 2025 97
98 AZ Azerbaijan 0.01 2025 98
99 AM Armenia 0.01 2025 99
100 SK Slovakia 0.01 2014 100
101 UZ Uzbekistan 0.01 2025 101
102 PG Papua New Guinea 0 2017 102
103 BB Barbados 0 2021 103
104 JE Channel Islands 0 2007 104
105 UA Ukraine 0 2019 105
106 UY Uruguay 0 1999 106
Nothing found. Check the spelling of the name.
Maximum 1,372.42%
Median 3.4%
Minimum 0%
World 158.7%

About the indicator

The total value of share transactions on national exchanges over a year as a percent of GDP. Unlike capitalization it measures not the size of a market but its liquidity: capitalization can be high while trading is sluggish, if the shares are concentrated in a few hands and hardly change owners.

Updates
quarterly
Unit of measurement
% of GDP
Observation period
1975–2025
License
CC BY 4.0
Dataset
World Development Indicators

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