World Development Indicators

Stock markets
Market capitalization				Market liquidity		Turnover ratio		Listed domestic companies		S&P/Global Equity Indices
				Value of shares traded		Value of shares traded		number
$ millions		% of GDP		% of GDP		% of market capitalization				% change
2010	2020	2010	2020	2010	2020	2010	2020	2010	2020	2010	2020

Afghanistan	..	..	..	..	..	..	..	..	..	..	..	..
Albania	..	..	..	..	..	..	..	..	..	..	..	..
Algeria	105	371	0.1	0.2	..	..	..	..	..	..	..	..
American Samoa	..	..	..	..	..	..	..	..	..	..	..	..
Andorra	..	..	..	..	..	..	..	..	..	..	..	..
Angola	..	..	..	..	..	..	..	..	..	..	..	..
Antigua and Barbuda	..	..	..	..	..	..	..	..	..	..	..	..
Argentina	63,910	39,394	15.1	8.8	0.6	0.6	4.0	7.6	101	91	55.3	123.2
Armenia	..	..	..	..	..	..	..	..	..	..	..	..
Aruba	..	..	..	..	..	..	..	..	..	..	..	..
Australia	1,454,491	1,720,556	126.6	129.7	98.5	92.4	77.8	71.3	1,913	1,902	12.5	9.7
Austria	126,032	132,083	32.1	30.3	12.5	9.1	38.8	30.1	89	68	10.9	-5.4
Azerbaijan	..	..	..	..	..	..	..	..	..	..	..	..
Bahamas, The	..	..	..	..	..	..	..	..	..	..	..	..
Bahrain	20,060	24,608	78.0	71.1	1.1	1.7	1.4	2.4	44	42	10.0	-13.6
Bangladesh	41,617	89,774	36.1	24.0	4.2	4.0	11.6	16.6	192	628	37.6	23.5
Barbados	2,187	2,780	48.3	59.5	0.7	0.1	1.5	0.2	21	15	..	..
Belarus	..	..	..	..	..	0.0	..	..	..	12	..	..
Belgium	268,726	321,094	55.8	59.1	22.3	..	40.0	..	124	..	0.5	-7.4
Belize	..	..	..	..	..	..	..	..	..	..	..	..
Benin	..	..	..	..	..	..	..	..	..	..	..	..
Bermuda	1,535	220	23.1	3.2	1.6	0.3	6.8	0.8	14	13	..	..
Bhutan	..	..	..	..	..	..	..	..	..	..	..	..
Bolivia	..	..	..	..	..	..	..	..	..	..	..	..
Bosnia and Herzegovina	..	..	..	..	..	..	..	..	..	..	..	..
Botswana	..	..	..	..	..	..	..	4.5	..	26	-6.8	-8.2
Brazil	1,545,566	988,374	70.0	67.0	41.1	93.1	58.8	87.5	373	345	6.5	-19.0
Brunei Darussalam	..	..	..	..	..	..	..	..	..	..	..	..
Bulgaria	7,376	17,711	14.5	25.2	0.7	0.3	5.1	1.2	390	259	-15.2	-0.4
Burkina Faso	..	..	..	..	..	..	..	..	..	..	..	..
Burundi	..	..	..	..	..	..	..	..	..	..	..	..
Cambodia	..	..	..	..	..	..	..	..	..	..	..	..
Cameroon	..	..	..	..	..	..	..	..	..	..	..	..
Canada	2,171,195	2,641,455	134.2	160.3	86.9	61.3	64.7	38.3	3,654	3,922	22.0	4.5
Cabo Verde	..	..	..	..	..	..	..	..	..	..	..	..
Cayman Islands	238	644	5.7	11.4	0.0	0.0	0.4	0.2	2	4	..	..
Central African Republic	..	..	..	..	..	..	..	..	..	..	..	..
Chad	..	..	..	..	..	..	..	..	..	..	..	..
Channel Islands	..	..	..	..	..	..	..	..	..	..	..	..
Chile	341,799	184,549	157.4	72.6	26.7	15.6	16.9	21.5	227	194	47.2	-8.9
China	4,027,840	12,214,466	66.2	83.2	135.7	215.0	205.0	258.6	2,063	4,154	6.9	27.9
Hong Kong SAR, China	2,711,316	6,130,420	1,185.9	1,777.2	650.6	889.8	54.9	50.1	1,396	2,353	21.3	5.1
Macao SAR, China	..	..	..	..	..	..	..	..	..	..	..	..
Colombia	208,502	106,315	72.8	39.4	7.9	3.7	10.9	9.4	84	65	44.1	-17.9
Comoros	..	..	..	..	..	..	..	..	..	..	..	..
Congo, Dem. Rep.	..	..	..	..	..	..	..	..	..	..	..	..
Congo, Rep.	..	..	..	..	..	..	..	..	..	..	..	..
Costa Rica	1,445	1,901	3.8	3.0	0.1	0.0	2.9	1.6	9	10	..	..
Cote d'Ivoire	7,158	7,331	20.5	11.6	0.6	0.3	3.2	1.9	39	46	19.3	3.0
Croatia	25,596	22,230	43.6	38.6	1.8	0.5	4.1	1.5	240	104	-0.4	-2.1
Cuba	..	..	..	..	..	..	..	..	..	..	..	..
Curacao	..	..	..	..	..	..	..	..	..	..	..	..
Cyprus	6,834	4,693	26.5	18.8	2.9	0.2	10.9	0.8	110	92	-71.9	-10.4
Czechia	40,912	26,614	17.3	10.8	10.6	1.7	78.9	15.9	16	20	0.2	-4.1
Denmark	..	..	..	..	..	..	..	..	..	..	25.1	40.9
Djibouti	..	..	..	..	..	..	..	..	..	..	..	..
Dominica	..	..	..	..	..	..	..	..	..	..	..	..
Dominican Republic	..	..	..	..	..	..	..	..	..	..	..	..
Ecuador	..	..	..	..	..	..	..	..	..	..	9.7	22.6
Egypt, Arab Rep.	84,277	41,351	38.5	10.8	17.0	4.2	44.2	38.9	227	240	11.5	-22.4
El Salvador	..	..	..	..	..	..	..	..	..	..	..	..
Equatorial Guinea	..	..	..	..	..	..	..	..	..	..	..	..
Eritrea	..	..	..	..	..	..	..	..	..	..	..	..
Estonia	..	..	..	..	..	..	..	..	..	..	56.0	13.8
Ethiopia	..	..	..	..	..	..	..	..	..	..	..	..
Faroe Islands	..	..	..	..	..	..	..	..	..	..	..	..
Fiji	..	..	..	..	..	..	..	..	..	..	..	..
Finland	..	..	..	..	..	..	..	..	..	..	10.7	18.2
France	1,911,515	2,365,950	72.3	84.8	51.0	..	70.6	..	617	457	-9.9	-7.1
French Polynesia	..	..	..	..	..	..	..	..	..	..	..	..
Gabon	..	..	..	..	..	..	..	..	..	..	..	..
Gambia, The	..	..	..	..	..	..	..	..	..	..	..	..
Georgia	..	..	..	..	..	..	..	..	..	..	..	..
Germany	1,429,719	2,284,109	42.1	58.7	44.0	46.6	104.5	79.4	690	438	7.4	3.5
Ghana	2,948	9,247	9.2	13.2	0.3	0.0	3.5	0.4	31	31	94.1	-17.4
Greece	67,586	50,987	22.7	27.0	13.7	8.7	60.1	32.3	277	171	-43.8	-13.5
Greenland	..	..	..	..	..	..	..	..	..	..	..	..
Grenada	..	..	..	..	..	..	..	..	..	..	..	..
Guam	..	..	..	..	..	..	..	..	..	..	..	..
Guatemala	..	..	..	..	..	..	..	..	..	..	..	..
Guinea	..	..	..	..	..	..	..	..	..	..	..	..
Guinea-Bissau	..	..	..	..	..	..	..	..	..	..	..	..
Guyana	..	..	..	..	..	..	..	..	..	..	..	..
Haiti	..	..	..	..	..	..	..	..	..	..	..	..
Honduras	..	..	..	..	..	..	..	..	..	..	..	..
Hungary	27,708	27,971	21.0	17.8	20.0	7.2	95.5	40.4	48	45	-10.8	-12.3
Iceland	..	..	..	..	..	..	..	..	..	..	..	..
India	1,762,462	2,595,466	105.2	97.2	63.3	72.8	60.2	75.0	5,034	5,215	18.7	15.8
Indonesia	360,388	496,086	47.7	46.8	13.8	12.4	29.0	26.4	420	713	37.9	-9.7
Iran, Islamic Rep.	86,642	1,218,392	17.8	508.2	3.5	192.9	19.6	38.0	369	367	..	..
Iraq	..	..	..	..	..	..	..	..	..	..	..	..
Ireland	60,368	110,154	27.2	28.6	4.0	8.3	14.7	29.1	50	43	-7.7	10.4
Isle of Man	..	..	..	..	..	..	..	..	..	..	..	..
Israel	227,614	262,062	95.5	63.4	45.4	25.3	47.6	39.9	596	426	7.4	17.4
Italy	535,059	..	25.0	..	31.2	..	124.4	..	290	..	-17.4	2.7
Jamaica	3,884	11,701	29.4	84.7	1.8	0.3	5.1	0.4	48	89	22.4	-29.5
Japan	3,827,774	6,718,220	66.5	133.1	74.1	125.5	111.6	94.3	2,281	3,754	9.6	16.0
Jordan	30,864	18,206	113.7	41.8	31.7	3.4	27.9	8.1	277	179	-8.6	-20.5
Kazakhstan	26,673	45,202	18.0	26.4	0.4	0.2	2.0	0.9	61	94	-1.0	7.2
Kenya	14,461	21,398	31.8	21.3	1.7	0.5	5.5	2.3	55	60	33.8	-21.6
Kiribati	..	..	..	..	..	..	..	..	..	..	..	..
Korea, Dem. People's Rep.	..	..	..	..	..	..	..	..	..	..	..	..
Korea, Rep.	1,091,911	2,176,190	95.4	132.3	142.5	315.7	149.3	238.5	1,781	2,318	25.3	44.1
Kosovo	..	..	..	..	..	..	..	..	..	..	..	..
Kuwait	..	105,987	..	100.0	13.9	12.4	..	12.4	215	163	29.1	-12.7
Kyrgyz Republic	..	..	..	..	..	..	..	..	..	..	..	..
Lao PDR	..	..	..	..	..	..	..	..	..	..	..	..
Latvia	..	..	..	..	..	..	..	..	..	..	39.4	3.6
Lebanon	12,697	6,703	33.0	21.1	4.9	0.7	14.8	3.5	10	10	-8.7	24.0
Lesotho	..	..	..	..	..	..	..	..	..	..	..	..
Liberia	..	..	..	..	..	..	..	..	..	..	..	..
Libya	..	..	..	..	..	..	..	..	..	..	..	..
Liechtenstein	..	..	..	..	..	..	..	..	..	..	..	..
Lithuania	..	..	..	..	..	..	..	..	..	..	44.0	21.5
Luxembourg	101,129	51,568	179.9	69.7	0.3	0.1	0.2	0.1	29	29	-3.3	13.4
North Macedonia	..	..	..	..	..	..	..	..	..	..	..	..
Madagascar	..	..	..	..	..	..	..	..	..	..	..	..
Malawi	..	..	..	..	..	..	..	..	..	..	..	..
Malaysia	408,689	436,538	160.3	129.4	45.0	73.7	28.1	56.9	948	927	35.1	4.2
Maldives	..	..	..	..	..	..	..	..	..	..	..	..
Mali	..	..	..	..	..	..	..	..	..	..	..	..
Malta	4,194	5,081	46.4	33.8	0.5	0.5	1.2	1.4	21	27	..	..
Marshall Islands	..	..	..	..	..	..	..	..	..	..	..	..
Mauritania	..	..	..	..	..	..	..	..	..	..	..	..
Mauritius	7,753	6,160	77.5	54.0	3.6	2.7	4.7	5.0	62	93	8.2	-29.4
Mexico	454,345	399,617	43.0	36.6	10.5	7.6	24.5	20.7	130	140	26.6	-3.6
Micronesia, Fed. Sts.	..	..	..	..	..	..	..	..	..	..	..	..
Moldova	..	..	..	..	..	..	..	..	..	..	..	..
Monaco	..	..	..	..	..	..	..	..	..	..	..	..
Mongolia	..	..	..	..	..	..	..	..	..	..	..	..
Montenegro	3,223	..	77.8	..	1.1	..	1.4	..	361	..	..	..
Morocco	69,152	65,575	68.6	54.0	6.0	3.0	8.8	5.5	73	75	13.1	-2.8
Mozambique	..	..	..	..	..	..	..	..	..	..	..	..
Myanmar	..	..	..	..	..	..	..	..	..	..	..	..
Namibia	1	1,867	0.0	17.6	0.2	0.3	1,721.5	2.0	7	13	24.2	-31.5
Nepal	..	..	..	..	..	..	..	..	..	..	..	..
Netherlands	661,099	..	78.0	..	65.8	..	84.3	..	150	103	1.2	26.9
New Caledonia	..	..	..	..	..	..	..	..	..	..	..	..
New Zealand	35,507	132,198	29.3	62.2	1.3	10.4	9.3	16.8	137	122	5.2	25.5
Nicaragua	..	..	..	..	..	..	..	..	..	..	..	..
Niger	..	..	..	..	..	..	..	..	..	..	..	..
Nigeria	50,546	56,569	13.8	13.1	1.4	0.6	10.1	4.4	215	177	20.3	8.5
Northern Mariana Islands	..	..	..	..	..	..	..	..	..	..	..	..
Norway	295,288	295,549	68.5	72.3	49.2	24.9	71.8	34.4	195	186	13.7	3.0
Oman	28,316	16,481	43.6	21.7	5.1	1.4	11.7	6.3	114	111	12.2	-6.2
Pakistan	38,007	..	21.5	..	6.6	..	30.7	..	625	..	15.3	-7.5
Palau	..	..	..	..	..	..	..	..	..	..	..	..
Panama	8,348	13,938	28.4	24.4	0.2	0.4	0.8	1.5	34	34	12.8	-25.4
Papua New Guinea	11,027	..	77.4	..	0.2	..	0.2	..	10	..	..	..
Paraguay	..	..	..	..	..	..	..	..	..	..	..	..
Peru	103,347	87,092	70.1	43.1	2.7	1.0	3.9	2.4	199	199	51.3	-12.5
Philippines	157,321	272,790	75.5	75.4	10.7	9.0	14.1	12.0	251	268	56.7	-3.3
Poland	190,706	177,508	40.1	29.6	14.6	13.9	36.4	47.0	570	782	11.3	-5.1
Portugal	81,997	61,934	34.4	25.6	22.5	..	65.4	..	52	40	-16.6	6.0
Puerto Rico	..	..	..	..	..	..	..	..	..	..	..	..
Qatar	76,531	165,394	66.4	114.5	14.7	16.0	63.0	14.0	43	47	27.7	-4.0
Romania	14,201	25,513	8.4	10.1	1.0	1.2	11.8	11.5	73	81	-6.6	-1.6
Russian Federation	951,296	694,739	62.4	46.5	33.2	18.5	53.3	39.8	556	213	21.7	-13.0
Rwanda	..	3,214	..	31.1	..	0.0	..	0.0	..	4	..	..
Samoa	..	..	..	..	..	..	..	..	..	..	..	..
San Marino	..	..	..	..	..	..	..	..	..	..	..	..
Sao Tome and Principe	..	..	..	..	..	..	..	..	..	..	..	..
Saudi Arabia	353,410	2,429,102	66.9	330.8	38.1	66.1	56.9	20.0	146	207	9.0	3.0
Senegal	..	..	..	..	..	..	..	..	..	..	..	..
Serbia	4,158	..	9.9	..	0.8	..	7.6	..	..	..	..	..
Seychelles	..	1,137	..	69.1	..	..	..	0.9	..	40	..	..
Sierra Leone	..	..	..	..	..	..	..	..	..	..	..	..
Singapore	647,226	652,615	269.9	187.3	127.5	30.3	47.2	16.4	461	459	18.4	5.4
Sint Maarten (Dutch part)	..	..	..	..	..	..	..	..	..	..	..	..
Slovak Republic	4,167	..	4.6	..	0.3	..	7.4	..	90	..	5.4	4.8
Slovenia	9,428	8,449	19.6	15.7	1.0	0.9	5.1	5.5	72	27	-20.3	10.6
Solomon Islands	..	..	..	..	..	..	..	..	..	..	..	..
Somalia	..	..	..	..	..	..	..	..	..	..	..	..
South Africa	925,007	1,051,529	221.6	311.5	66.4	87.0	30.0	27.9	352	264	32.1	-7.0
South Sudan	..	..	..	..	..	..	..	..	..	..	..	..
Spain	1,171,625	759,175	82.4	59.5	96.6	38.3	117.3	64.5	3,310	2,711	-24.5	-7.5
Sri Lanka	19,924	15,982	34.0	18.9	8.5	2.0	25.1	10.7	241	283	84.6	-6.9
St. Kitts and Nevis	..	..	..	..	..	..	..	..	..	..	..	..
St. Lucia	..	..	..	..	..	..	..	..	..	..	..	..
St. Martin (French part)	..	..	..	..	..	..	..	..	..	..	..	..
St. Vincent and the Grenadines	..	..	..	..	..	..	..	..	..	..	..	..
Sudan	..	..	..	..	..	..	..	..	..	..	..	..
Suriname	..	..	..	..	..	..	..	..	..	..	..	..
Eswatini	..	..	..	..	..	..	..	..	..	..	..	..
Sweden	..	..	..	..	..	..	..	..	..	..	32.6	31.5
Switzerland	1,229,357	2,001,603	205.3	270.5	146.2	176.7	71.2	65.3	246	236	11.0	10.4
Syrian Arab Republic	..	..	..	..	..	..	..	..	..	..	..	..
Tajikistan	..	..	..	..	..	..	..	..	..	..	..	..
Tanzania	..	6,482	..	9.8	..	0.0	..	0.3	..	22	..	..
Thailand	277,732	543,165	81.4	108.5	65.2	96.2	80.1	88.6	541	743	52.1	-9.3
Timor-Leste	..	..	..	..	..	..	..	..	..	..	..	..
Togo	..	..	..	..	..	..	..	..	..	..	..	..
Tonga	..	..	..	..	..	..	..	..	..	..	..	..
Trinidad and Tobago	..	..	..	..	..	..	..	..	..	..	0.8	-5.8
Tunisia	10,652	8,572	23.1	20.2	4.0	..	17.2	5.4	56	80	11.7	-3.9
Turkiye	302,443	237,474	38.9	33.0	51.9	120.6	133.3	365.8	263	371	21.4	-0.6
Turkmenistan	..	..	..	..	..	..	..	..	..	..	..	..
Turks and Caicos Islands	..	..	..	..	..	..	..	..	..	..	..	..
Tuvalu	..	..	..	..	..	..	..	..	..	..	..	..
Uganda	..	..	..	..	..	..	..	..	..	..	..	..
Ukraine	38,897	4,415	27.5	3.4	2.0	0.0	7.3	..	..	78	53.8	25.7
United Arab Emirates	131,491	294,832	45.4	84.4	9.6	10.7	21.1	12.7	104	130	-6.8	-10.0
United Kingdom	2,686,881	..	107.8	..	129.0	..	119.6	..	2,105	..	5.2	-14.3
United States	17,283,452	40,719,661	114.8	193.3	239.4	108.5	208.4	108.5	4,279	4,266	12.8	16.3
Uruguay	..	..	..	..	..	..	..	..	..	..	..	..
Uzbekistan	..	..	..	..	..	..	..	..	..	..	..	..
Vanuatu	..	..	..	..	..	..	..	..	..	..	..	..
Venezuela, RB	..	..	..	..	..	..	..	..	55	..	..	..
Vietnam	36,855	186,009	25.0	53.7	21.0	16.4	83.7	30.6	634	745	0.5	17.7
Virgin Islands (U.S.)	..	..	..	..	..	..	..	..	..	..	..	..
West Bank and Gaza	2,450	3,447	25.3	22.2	3.9	1.2	15.3	5.5	39	46	..	..
Yemen, Rep.	..	..	..	..	..	..	..	..	..	..	..	..
Zambia	3,184	..	13.6	..	0.1	..	0.6	..	20	23	17.4	-37.0
Zimbabwe	..	..	..	..	..	..	..	..	..	..	..	..
World	54,259,518	93,686,226	86.9	133.0	111.7	83.8	129.9	104.4	43,427	43,248	..	..
East Asia & Pacific	15,898,870	33,432,753	94.8	124.3	110.6	189.5	118.8	149.3	14,151	20,078	..	..
Europe & Central Asia	12,239,089	..	63.3	..	56.4	..	91.1	73.8	11,074	7,033	..	..
Latin America & Caribbean	2,733,571	1,796,913	61.7	52.3	25.1	39.5	41.5	53.9	1,283	1,095	..	..
Middle East & North Africa	1,061,923	4,665,791	47.3	169.6	19.6	42.4	41.3	23.3	2,119	2,150	..	..
North America	19,456,181	43,361,336	116.7	190.9	224.5	106.5	193.1	106.1	7,947	7,637	..	..
South Asia	1,862,010	2,701,221	91.9	86.3	53.4	62.7	58.3	72.8	6,092	6,126	..	..
Sub-Saharan Africa	..	..	..	..	..	..	28.3	26.2	..	..	..	..
Low income	..	..	..	..	..	..	..	..	..	..	..	..
Lower middle income	2,475,612	4,619,846	60.4	85.0	30.8	47.1	51.6	56.8	8,339	8,449	..	..
Upper middle income	9,686,028	17,343,383	66.3	77.0	74.9	153.9	115.0	199.9	7,007	8,750	..	..
High income	42,097,877	71,722,997	96.3	168.7	131.1	89.2	137.4	98.5	28,026	26,491	..	..

Help/Feedback