Countries with Highest Stock-Trading Value Relative to GDP (2025)
Source: World Bank·25 countries·Updated 2025
Compare the value of stocks traded relative to GDP. The denominator is economic output, not stock-market capitalization.
Hong Kong SAR, China leads with stocks traded, total value (% of GDP) of 1372.4%.
China ranks #2 at 303.7%.
Japan ranks #3 at 187.9%.
United States ranks #4 at 180.3%.
Korea, Rep. ranks #5 at 176.3%.
Top 25 Countries by Stocks Traded, Total Value (% of GDP)
| # | Country | Stocks Traded, Total Value (% of GDP) | Year |
|---|---|---|---|
| 1 |  Hong Kong SAR, China | 1372.4% | 2025 |
| 2 |  China | 303.7% | 2025 |
| 3 |  Japan | 187.9% | 2025 |
| 4 |  United States | 180.3% | 2025 |
| 5 |  Korea, Rep. | 176.3% | 2025 |
| 6 |  Canada | 126.0% | 2025 |
| 7 |  Switzerland | 85.6% | 2025 |
| 8 |  India | 72.7% | 2025 |
| 9 |  South Africa | 66.5% | 2025 |
| 10 |  Australia | 61.2% | 2025 |
| 11 |  Turkiye | 61.2% | 2025 |
| 12 |  Kuwait | 52.2% | 2025 |
| 13 |  Thailand | 50.3% | 2025 |
| 14 |  Brazil | 45.3% | 2025 |
| 15 |  Viet Nam | 44.0% | 2025 |
| 16 |  Malaysia | 29.9% | 2025 |
| 17 |  Germany | 29.4% | 2025 |
| 18 |  Israel | 26.9% | 2025 |
| 19 |  Saudi Arabia | 26.1% | 2025 |
| 20 |  Spain | 24.6% | 2025 |
| 21 |  United Arab Emirates | 21.8% | 2024 |
| 22 |  United Kingdom | 18.6% | 2023 |
| 23 |  Greece | 17.1% | 2025 |
| 24 |  Chile | 15.4% | 2025 |
| 25 |  Indonesia | 14.9% | 2025 |
Data from 78 countries is available. View full rankings →
FAQ
What is the highest stocks traded, total value (% of GDP) in 2025?
Hong Kong SAR, China has the highest stocks traded, total value (% of GDP) at 1372.4% in 2025.
How many countries are included in this ranking?
This article features the top 25 countries out of 78 with available data. Full rankings available on the indicator page.
Where does this data come from?
Data is sourced from the World Bank. It is updated regularly as new releases become available.