Ghana—Stock Market Capitalization (% of GDP)
Category: FinanceSource: World Bank World Development Indicators ↗Global Rank: #73 of 79Updated April 2026
Latest Value
9.2%
2024
YoY Change
+19.4%
2023 → 2024
Global Rank
#73
of 79 countries
Maximum
14.6%
2019
Minimum
3.6%
2006
CAGR
-0.4%
18 years
Last
9.2%
Previous
7.7%
Highest
14.6%
Lowest
3.6%
Source
World Bank World Development Indicators
Ghana's stock market capitalization (% of gdp) was 9.2% in 2024, ranking #73 out of 79 countries. This represents a +19.4% change from 2023. Over the past 18 years, the highest recorded value was 14.6% (2019) and the lowest was 3.6% (2006). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 9.2% | +19.4% |
| 2023 | 7.7% | -11.8% |
| 2022 | 8.7% | -33.7% |
| 2021 | 13.2% | -0.2% |
| 2020 | 13.2% | -9.4% |
| 2019 | 14.6% | +85.1% |
| 2011 | 7.9% | -14.0% |
| 2010 | 9.2% | -1.7% |
| 2009 | 9.3% | -6.1% |
| 2008 | 9.9% | +2.5% |
| 2007 | 9.7% | +165.8% |
| 2006 | 3.6% | -35.9% |
| 2005 | 5.7% | +5.0% |
| 2004 | 5.4% | -35.5% |
| 2003 | 8.4% | +47.7% |
| 2002 | 5.7% | +7.7% |
| 2001 | 5.3% | -47.5% |
| 2000 | 10.0% |
Top Countries — Stock Market Capitalization (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Hong Kong SAR, China | 1118.2% | 2024 |
| 2 | South Africa | 245.7% | 2024 |
| 3 | Saudi Arabia | 220.0% | 2024 |
| 4 | United States | 216.3% | 2024 |
| 5 | Switzerland | 210.5% | 2024 |
| 6 | United Arab Emirates | 190.9% | 2024 |
| 7 | Japan | 156.7% | 2024 |
| 8 | Canada | 150.4% | 2024 |
| 9 | India | 131.2% | 2024 |
| 10 | Singapore | 116.5% | 2024 |
About This Indicator
Definition
Market capitalization (also known as market value) is the share price times the number of shares outstanding (including their several classes) for listed domestic companies. Investment funds, unit trusts, and companies whose only business goal is to hold shares of other listed companies are excluded. Data are end of year values.
Methodology
Data compiled by World Federation of Exchanges database, World Federation of Exchanges (WFE).