Stock Market Capitalization (% of GDP) by Country
As of 2025, Hong Kong leads globally in stock market capitalization (% of gdp) at 1425.0%, followed by South Africa, India, Switzerland. At the lower end, Azerbaijan, Costa Rica, Bangladesh rank among the lowest. The global median is 38.2% (Brazil). This indicator falls under the "Finance" category and is sourced from the World Bank World Development Indicators. Data is available for 79 countries.
All Countries Ranked
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| # | Country | Stock Market Capitalization (% of GDP) | Year |
|---|---|---|---|
| 1 |  Hong Kong | 1425.0% | 2025 |
| 2 |  South Africa | 327.2% | 2025 |
| 3 |  India | 266.9% | 2025 |
| 4 |  Switzerland | 240.9% | 2025 |
| 5 |  United States | 224.0% | 2025 |
| 6 |  Canada | 199.2% | 2025 |
| 7 |  United Arab Emirates | 190.9% | 2024 |
| 8 |  Saudi Arabia | 184.7% | 2025 |
| 9 |  Japan | 171.6% | 2025 |
| 10 |  South Korea | 147.2% | 2025 |
| 11 |  Singapore | 136.5% | 2025 |
| 12 |  Chile | 136.2% | 2025 |
| 13 |  Australia | 113.9% | 2025 |
| 14 |  Kuwait | 109.5% | 2025 |
| 15 |  Malaysia | 103.2% | 2025 |
| 16 |  United Kingdom | 97.3% | 2022 |
| 17 |  Thailand | 88.8% | 2025 |
| 18 |  Qatar | 82.1% | 2025 |
| 19 |  China | 79.5% | 2025 |
| 20 |  Luxembourg | 68.6% | 2025 |
| 21 |  Spain | 68.1% | 2025 |
| 22 |  Cyprus | 67.7% | 2025 |
| 23 |  Indonesia | 65.7% | 2025 |
| 24 |  Morocco | 62.5% | 2025 |
| 25 |  Vietnam | 61.4% | 2025 |
| 26 |  Israel | 61.0% | 2024 |
| 27 |  Jordan | 60.7% | 2025 |
| 28 |  Germany | 57.4% | 2025 |
| 29 |  Mauritius | 55.0% | 2025 |
| 30 |  Kazakhstan | 51.7% | 2025 |
| 31 |  Zambia | 51.6% | 2025 |
| 32 |  Barbados | 51.5% | 2020 |
| 33 |  Iran | 51.2% | 2025 |
| 34 |  Jamaica | 51.0% | 2025 |
| 35 |  Philippines | 47.6% | 2025 |
| 36 |  Greece | 46.0% | 2025 |
| 37 |  Lebanon | 45.7% | 2021 |
| 38 |  Bahrain | 43.5% | 2025 |
| 39 |  New Zealand | 39.1% | 2025 |
| 40 |  Brazil | 38.2% | 2025 |
| 41 |  Oman | 37.7% | 2025 |
| 42 |  Austria | 36.4% | 2025 |
| 43 |  Croatia | 36.1% | 2025 |
| 44 |  Russia | 31.8% | 2023 |
| 45 |  Peru | 31.4% | 2025 |
| 46 |  Mexico | 30.6% | 2025 |
| 47 |  Poland | 30.6% | 2025 |
| 48 |  Panama | 30.0% | 2025 |
| 49 |  Nigeria | 29.9% | 2025 |
| 50 |  Colombia | 29.0% | 2025 |
| 51 |  West Bank and Gaza | 28.8% | 2025 |
| 52 |  Seychelles | 27.1% | 2025 |
| 53 |  Slovenia | 26.0% | 2025 |
| 54 |  Hungary | 25.4% | 2025 |
| 55 |  Türkiye | 25.3% | 2025 |
| 56 |  Sri Lanka | 24.0% | 2025 |
| 57 |  Botswana | 21.5% | 2025 |
| 58 |  Bermuda | 21.0% | 2024 |
| 59 |  Tunisia | 20.8% | 2025 |
| 60 |  Rwanda | 19.6% | 2025 |
| 61 |  Malta | 19.3% | 2025 |
| 62 |  Armenia | 18.7% | 2024 |
| 63 |  Namibia | 18.2% | 2024 |
| 64 |  Pakistan | 17.3% | 2025 |
| 65 |  Egypt | 17.2% | 2025 |
| 66 |  Kenya | 16.8% | 2025 |
| 67 |  Romania | 16.5% | 2025 |
| 68 |  Uzbekistan | 16.1% | 2025 |
| 69 |  Ghana | 14.4% | 2025 |
| 70 |  Czechia | 14.2% | 2025 |
| 71 |  Côte d'Ivoire | 11.6% | 2020 |
| 72 |  Cayman Islands | 11.4% | 2020 |
| 73 |  Tanzania | 10.8% | 2025 |
| 74 |  Bulgaria | 8.5% | 2025 |
| 75 |  Argentina | 8.4% | 2022 |
| 76 |  Belarus | 5.9% | 2025 |
| 77 |  Bangladesh | 5.7% | 2025 |
| 78 |  Costa Rica | 3.1% | 2022 |
| 79 |  Azerbaijan | 2.1% | 2025 |
Frequently Asked Questions
Which country has the highest stock market capitalization (% of gdp) in 2025?
Hong Kong ranks #1 with stock market capitalization (% of gdp) of 1425.0% as of 2025, based on data from the World Bank World Development Indicators.
Which country has the lowest stock market capitalization (% of gdp)?
Azerbaijan ranks last (#79) with 2.1% as of 2025.
What is the global median for stock market capitalization (% of gdp)?
The median value is 38.2% (Brazil, ranked #40 out of 79 countries).
How many countries report data for stock market capitalization (% of gdp)?
79 countries have available data for stock market capitalization (% of gdp). Data is sourced from the World Bank World Development Indicators and updated regularly.
What category does stock market capitalization (% of gdp) belong to?
Stock Market Capitalization (% of GDP) is classified under the "Finance" category. Statistics of the World tracks 337 indicators across 27 categories.