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	2019	2010	2019	2010	2019	2010	2019	2010	2019	2010	2019

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	0.7	4.0	7.6	101	91	55.3	32.5
Armenia	..	..	..	..	..	..	..	..	..	..	..	..
Aruba	..	..	..	..	..	..	..	..	..	..	..	..
Australia	1,454,491	1,487,599	126.9	106.5	98.7	59.7	77.8	56.1	1,913	1,952	12.5	18.3
Austria	126,032	133,098	32.2	29.9	12.5	7.5	38.8	25.2	89	71	10.9	15.6
Azerbaijan	..	..	..	..	..	..	..	..	..	..	..	..
Bahamas, The	..	..	..	..	..	..	..	..	..	..	..	..
Bahrain	20,060	26,882	78.0	69.7	1.1	2.0	1.4	2.8	44	43	10.0	37.1
Bangladesh	41,617	77,391	36.1	28.2	4.2	4.3	11.6	20.4	192	611	37.6	-18.2
Barbados	2,187	3,398	48.3	65.2	0.7	0.3	1.5	0.4	21	16	..	..
Belarus	..	0	..	0.0	..	0.0	..	..	..	..	..	..
Belgium	268,726	321,094	55.9	59.1	22.3	..	40.0	..	161	111	0.5	23.1
Belize	..	..	..	..	..	..	..	..	..	..	..	..
Benin	..	..	..	..	..	..	..	..	..	..	..	..
Bermuda	1,535	2,965	23.1	39.6	1.6	0.3	6.8	0.8	14	13	..	..
Bhutan	..	..	..	..	..	..	..	..	..	..	..	..
Bolivia	..	..	..	..	..	..	..	..	..	..	..	..
Bosnia and Herzegovina	..	..	..	..	..	..	..	..	..	..	..	..
Botswana	..	..	..	..	..	..	..	4.5	..	26	-6.8	-7.3
Brazil	1,545,566	1,187,362	70.0	64.5	41.1	40.8	58.8	87.5	373	324	6.5	26.0
Brunei Darussalam	..	..	..	..	..	..	..	..	..	..	..	..
Bulgaria	7,376	..	14.6	..	0.7	0.2	5.1	1.1	390	262	-15.2	-7.1
Burkina Faso	..	..	..	..	..	..	..	..	..	..	..	..
Burundi	..	..	..	..	..	..	..	..	..	..	..	..
Cambodia	..	..	..	..	..	..	..	..	..	..	..	..
Cameroon	..	..	..	..	..	..	..	..	..	..	..	..
Canada	2,171,195	1,937,903	134.6	112.9	87.1	82.5	64.7	59.5	3,771	3,358	22.0	25.3
Cabo Verde	..	..	..	..	..	..	..	..	..	..	..	..
Cayman Islands	238	..	5.7	..	0.0	..	0.4	0.5	2	..	..	..
Central African Republic	..	..	..	..	..	..	..	..	..	..	..	..
Chad	..	..	..	..	..	..	..	..	..	..	..	..
Channel Islands	..	..	..	..	..	..	..	..	..	..	..	..
Chile	341,799	203,792	156.4	72.2	26.5	13.0	16.9	18.0	227	203	47.2	-18.5
China	4,027,840	8,515,504	66.2	59.4	135.7	132.8	205.0	223.7	2,063	3,777	6.9	19.3
Hong Kong SAR, China	2,711,316	4,899,235	1,185.9	1,339.6	650.6	498.3	54.9	37.2	1,396	2,272	21.3	5.1
Macao SAR, China	..	..	..	..	..	..	..	..	..	..	..	..
Colombia	208,502	132,040	72.8	40.8	7.9	4.3	10.9	10.5	84	66	44.1	27.2
Comoros	..	..	..	..	..	..	..	..	..	..	..	..
Congo, Dem. Rep.	..	..	..	..	..	..	..	..	..	..	..	..
Congo, Rep.	..	..	..	..	..	..	..	..	..	..	..	..
Costa Rica	1,445	2,217	3.9	3.6	0.1	0.1	2.9	1.7	9	10	..	..
Cote d'Ivoire	..	..	..	..	..	..	..	..	..	..	19.3	-7.9
Croatia	25,596	22,458	42.7	37.0	1.8	0.5	4.1	1.5	240	119	-0.4	13.4
Cuba	..	..	..	..	..	..	..	..	..	..	..	..
Curacao	..	..	..	..	..	..	..	..	..	..	..	..
Cyprus	6,834	4,285	26.6	17.2	2.9	0.2	10.9	1.3	110	96	-71.9	-10.1
Czech Republic	40,912	..	17.3	..	10.6	..	78.9	14.6	16	..	0.2	-0.8
Denmark	..	..	..	..	..	..	..	..	..	..	25.1	25.3
Djibouti	..	..	..	..	..	..	..	..	..	..	..	..
Dominica	..	..	..	..	..	..	..	..	..	..	..	..
Dominican Republic	..	..	..	..	..	..	..	..	..	..	..	..
Ecuador	..	..	..	..	..	..	..	..	..	..	9.7	22.6
Egypt, Arab Rep.	84,277	44,200	38.5	14.6	17.0	3.7	44.2	25.3	227	246	11.5	25.4
El Salvador	..	..	..	..	..	..	..	..	..	..	..	..
Equatorial Guinea	..	..	..	..	..	..	..	..	..	..	..	..
Eritrea	..	..	..	..	..	..	..	..	..	..	..	..
Estonia	..	..	..	..	..	..	..	..	..	..	56.0	3.4
Ethiopia	..	..	..	..	..	..	..	..	..	..	..	..
Faroe Islands	..	..	..	..	..	..	..	..	..	..	..	..
Fiji	..	..	..	..	..	..	..	..	..	..	..	..
Finland	..	..	..	..	..	..	..	..	..	..	10.7	8.0
France	1,911,515	2,365,950	72.3	84.9	51.1	..	70.6	..	617	457	-9.9	26.5
French Polynesia	..	..	..	..	..	..	..	..	..	..	..	..
Gabon	..	..	..	..	..	..	..	..	..	..	..	..
Gambia, The	..	..	..	..	..	..	..	..	..	..	..	..
Georgia	..	..	..	..	..	..	..	..	..	..	..	..
Germany	1,429,719	2,098,174	42.1	54.3	44.0	35.0	104.5	64.4	690	470	7.4	25.5
Ghana	2,948	..	9.2	..	0.3	..	3.5	..	31	..	94.1	-23.6
Greece	67,586	53,654	22.6	25.6	13.6	7.4	60.1	28.8	277	176	-43.8	46.3
Greenland	..	..	..	..	..	..	..	..	..	..	..	..
Grenada	..	..	..	..	..	..	..	..	..	..	..	..
Guam	..	..	..	..	..	..	..	..	..	..	..	..
Guatemala	..	..	..	..	..	..	..	..	..	..	..	..
Guinea	..	..	..	..	..	..	..	..	..	..	..	..
Guinea-Bissau	..	..	..	..	..	..	..	..	..	..	..	..
Guyana	..	..	..	..	..	..	..	..	..	..	..	..
Haiti	..	..	..	..	..	..	..	..	..	..	..	..
Honduras	..	..	..	..	..	..	..	..	..	..	..	..
Hungary	27,708	32,887	21.0	20.1	20.1	5.3	95.5	26.4	48	44	-10.8	13.8
Iceland	..	..	..	..	..	..	..	..	..	..	..	..
India	1,631,830	2,179,781	97.4	76.0	64.5	43.8	66.2	54.0	5,034	5,065	18.7	6.1
Indonesia	360,388	523,322	47.7	46.8	13.8	10.5	29.0	22.5	420	668	37.9	7.1
Iran, Islamic Rep.	86,642	320,671	17.8	31.6	3.5	5.8	19.6	25.3	369	331	..	..
Iraq	..	..	..	..	..	..	..	..	..	..	..	..
Ireland	60,368	110,154	27.2	28.8	4.0	8.4	14.7	29.1	50	43	-7.7	30.0
Isle of Man	..	..	..	..	..	..	..	..	..	..	..	..
Israel	227,614	237,371	97.3	60.1	46.3	17.3	47.6	28.8	596	414	7.4	18.4
Italy	522,088	..	21.8	..	57.7	..	124.4	..	290	..	-17.4	24.5
Jamaica	3,884	15,767	29.4	95.8	1.8	4.8	5.1	5.0	48	87	22.4	26.8
Japan	3,827,774	6,191,073	67.2	121.8	74.9	100.3	111.6	82.3	2,281	3,704	9.6	18.2
Jordan	30,864	21,036	113.7	47.3	31.7	5.5	27.9	8.0	277	195	-8.6	-5.7
Kazakhstan	26,673	40,640	18.0	22.4	0.4	0.2	2.0	0.8	61	94	-1.0	0.2
Kenya	14,461	25,062	36.2	26.2	2.0	0.5	5.5	1.9	55	59	33.8	26.6
Kiribati	..	..	..	..	..	..	..	..	..	..	..	..
Korea, Dem. People’s Rep.	..	..	..	..	..	..	..	..	..	..	..	..
Korea, Rep.	1,091,911	1,413,717	95.4	82.0	142.5	117.1	149.3	129.8	1,781	2,262	25.3	7.2
Kosovo	..	..	..	..	..	..	..	..	..	..	..	..
Kuwait	..	..	..	..	13.9	..	..	3.1	215	..	29.1	26.9
Kyrgyz Republic	..	..	..	..	..	..	..	..	..	..	..	..
Lao PDR	..	..	..	..	..	..	..	..	..	..	..	..
Latvia	..	..	..	..	..	..	..	..	..	..	39.4	48.6
Lebanon	12,697	7,736	33.0	14.9	4.9	0.4	14.8	2.5	10	10	-8.7	-18.1
Lesotho	..	..	..	..	..	..	..	..	..	..	..	..
Liberia	..	..	..	..	..	..	..	..	..	..	..	..
Libya	..	..	..	..	..	..	..	..	..	..	..	..
Liechtenstein	..	..	..	..	..	..	..	..	..	..	..	..
Lithuania	..	..	..	..	..	..	..	..	..	..	44.0	12.1
Luxembourg	101,129	44,234	190.0	62.2	0.3	0.1	0.2	0.1	29	28	-3.3	-10.9
North Macedonia	..	..	..	..	..	..	..	..	..	..	..	..
Madagascar	..	..	..	..	..	..	..	..	..	..	..	..
Malawi	..	..	..	..	..	..	..	..	..	..	..	..
Malaysia	408,689	403,957	160.3	110.8	45.0	29.8	28.1	26.9	948	919	35.1	-1.0
Maldives	..	..	..	..	..	..	..	..	..	..	..	..
Mali	..	..	..	..	..	..	..	..	..	..	..	..
Malta	4,194	5,316	46.4	35.5	0.5	0.7	1.2	1.9	21	27	..	..
Marshall Islands	..	..	..	..	..	..	..	..	..	..	..	..
Mauritania	..	..	..	..	..	..	..	..	..	..	..	..
Mauritius	7,753	8,616	77.5	61.3	3.6	2.5	4.7	4.0	62	95	8.2	-0.4
Mexico	454,345	413,619	43.0	32.6	10.5	6.7	24.5	20.5	130	139	26.6	9.9
Micronesia, Fed. Sts.	..	..	..	..	..	..	..	..	..	..	..	..
Moldova	..	..	..	..	..	..	..	..	..	..	..	..
Monaco	..	..	..	..	..	..	..	..	..	..	..	..
Mongolia	..	..	..	..	..	..	..	..	..	..	..	..
Montenegro	3,223	..	77.8	..	1.1	..	1.4	..	361	..	..	..
Morocco	69,152	65,415	74.2	54.6	6.5	2.7	8.8	5.0	73	74	13.1	8.0
Mozambique	..	..	..	..	..	..	..	..	..	..	..	..
Myanmar	..	..	..	..	..	..	..	..	..	..	..	..
Namibia	1,176	2,609	10.4	21.1	0.2	0.8	1,721.5	3.8	7	11	24.2	-2.2
Nepal	..	..	..	..	..	..	..	..	..	..	..	..
Netherlands	661,099	1,100,105	78.1	131.9	65.8	..	84.3	40.8	150	103	1.2	30.6
New Caledonia	..	..	..	..	..	..	..	..	..	..	..	..
New Zealand	43,516	107,880	29.7	52.1	1.3	6.0	4.4	11.6	137	123	5.2	30.7
Nicaragua	..	..	..	..	..	..	..	..	..	..	..	..
Niger	..	..	..	..	..	..	..	..	..	..	..	..
Nigeria	50,546	43,922	14.0	9.8	1.4	0.6	10.1	6.2	215	180	20.3	-19.7
Northern Mariana Islands	..	..	..	..	..	..	..	..	..	..	..	..
Norway	295,288	295,549	68.9	73.3	49.5	25.2	71.8	34.4	195	0	13.7	10.0
Oman	28,316	17,119	49.8	22.4	5.8	2.3	11.7	10.0	114	111	12.2	-5.3
Pakistan	38,007	..	21.5	..	6.6	..	30.7	..	644	..	15.3	-6.6
Palau	..	..	..	..	..	..	..	..	..	..	..	..
Panama	8,348	16,841	28.4	25.2	0.2	0.6	0.8	2.2	34	27	12.8	15.8
Papua New Guinea	11,027	..	77.4	..	0.2	..	0.2	..	10	..	..	..
Paraguay	..	..	..	..	..	..	..	..	..	..	..	..
Peru	103,347	98,965	70.1	43.6	2.7	0.7	3.9	1.6	199	196	51.3	2.2
Philippines	157,321	275,302	75.5	73.1	10.7	8.0	14.1	10.9	251	265	56.7	7.7
Poland	190,706	151,619	39.7	25.4	14.5	8.5	36.4	33.2	570	798	11.3	-5.6
Portugal	81,997	61,934	34.5	25.6	22.6	..	65.4	..	52	40	-16.6	13.4
Puerto Rico	..	..	..	..	..	..	..	..	..	..	..	..
Qatar	76,531	160,051	66.4	91.0	14.7	7.6	63.0	8.3	43	47	27.7	-1.9
Romania	14,201	26,110	8.5	10.4	1.0	0.8	11.8	7.8	73	81	-6.6	29.3
Russian Federation	951,296	576,116	62.4	34.5	33.2	10.6	53.3	22.8	556	213	21.7	41.8
Rwanda	..	3,214	..	31.0	..	0.0	..	0.0	..	4	..	..
Samoa	..	..	..	..	..	..	..	..	..	..	..	..
San Marino	..	..	..	..	..	..	..	..	..	..	..	..
Sao Tome and Principe	..	..	..	..	..	..	..	..	..	..	..	..
Saudi Arabia	353,410	2,406,820	66.9	303.5	38.1	27.8	56.9	9.2	146	204	9.0	6.6
Senegal	..	..	..	..	..	..	..	..	..	..	..	..
Serbia	1,542	..	3.7	..	0.6	..	7.6	..	..	..	..	..
Seychelles	..	1,137	..	66.7	..	..	..	0.9	..	33	..	..
Sierra Leone	..	..	..	..	..	..	..	..	..	..	..	..
Singapore	647,226	697,271	269.9	187.4	127.5	30.7	47.2	16.4	461	470	18.4	13.5
Sint Maarten (Dutch part)	..	..	..	..	..	..	..	..	..	..	..	..
Slovak Republic	4,167	..	4.6	..	0.3	..	7.4	..	90	..	5.4	13.4
Slovenia	9,428	7,923	19.6	14.6	1.0	0.3	5.1	1.9	72	29	-20.3	15.2
Solomon Islands	..	..	..	..	..	..	..	..	..	..	..	..
Somalia	..	..	..	..	..	..	..	..	..	..	..	..
South Africa	925,007	1,056,341	246.4	300.6	73.9	81.0	30.0	33.1	352	274	32.1	8.6
South Sudan	..	..	..	..	..	..	..	..	..	..	..	..
Spain	1,171,625	797,286	82.5	57.2	96.7	43.9	117.3	62.7	3,310	2,979	-24.5	8.6
Sri Lanka	19,924	15,721	35.1	18.7	8.8	1.1	25.1	6.0	241	289	84.6	-4.0
St. Kitts and Nevis	..	..	..	..	..	..	..	..	..	..	..	..
St. Lucia	..	..	..	..	..	..	..	..	..	..	..	..
St. Martin (French part)	..	..	..	..	..	..	..	..	..	..	..	..
St. Vincent and the Grenadines	..	..	..	..	..	..	..	..	..	..	..	..
Sudan	..	..	..	..	..	..	..	..	..	..	..	..
Suriname	..	..	..	..	..	..	..	..	..	..	..	..
Eswatini	..	..	..	..	..	..	..	..	..	..	..	..
Sweden	..	..	..	..	..	..	..	43.5	..	..	32.6	23.1
Switzerland	1,229,357	1,834,453	210.6	260.9	149.9	137.4	71.2	52.6	246	237	11.0	29.2
Syrian Arab Republic	..	..	..	..	..	..	..	..	..	..	..	..
Tajikistan	..	..	..	..	..	..	..	..	..	..	..	..
Tanzania	..	..	..	..	..	..	..	..	..	..	..	..
Thailand	277,732	569,228	81.4	104.7	65.2	67.5	80.1	64.5	541	725	52.1	11.9
Timor-Leste	..	..	..	..	..	..	..	..	..	..	..	..
Togo	..	..	..	..	..	..	..	..	..	..	..	..
Tonga	..	..	..	..	..	..	..	..	..	..	..	..
Trinidad and Tobago	..	..	..	..	..	..	..	..	..	..	0.8	11.2
Tunisia	10,652	8,503	24.2	21.9	4.2	..	17.2	5.4	56	81	11.7	3.0
Turkey	302,443	184,966	38.9	24.3	51.9	45.7	133.3	187.9	263	378	21.4	12.0
Turkmenistan	..	..	..	..	..	..	..	..	..	..	..	..
Turks and Caicos Islands	..	..	..	..	..	..	..	..	..	..	..	..
Tuvalu	..	..	..	..	..	..	..	..	..	..	..	..
Uganda	..	..	..	..	..	..	..	..	..	..	..	..
Ukraine	38,897	4,415	28.6	3.4	2.1	0.0	7.3	..	..	78	53.8	-12.0
United Arab Emirates	131,491	247,209	45.4	58.7	9.6	6.2	21.1	10.5	104	130	-6.8	0.8
United Kingdom	1,868,153	..	63.9	..	93.6	..	146.4	..	2,105	2,026	5.2	12.8
United States	17,283,452	30,436,313	115.3	147.9	240.3	108.2	208.4	108.5	4,279	4,397	12.8	28.5
Uruguay	..	..	..	..	..	..	..	..	..	..	..	..
Uzbekistan	..	..	..	..	..	..	..	..	..	..	..	..
Vanuatu	..	..	..	..	..	..	..	..	..	..	..	..
Venezuela, RB	..	..	..	..	..	..	..	..	55	..	..	..
Vietnam	36,855	149,817	31.8	57.2	26.6	12.0	83.7	22.3	634	745	0.5	3.6
Virgin Islands (U.S.)	..	..	..	..	..	..	..	..	..	..	..	..
West Bank and Gaza	2,450	3,758	25.3	22.9	3.9	2.2	15.3	7.3	39	48	..	..
Yemen, Rep.	..	..	..	..	..	..	..	..	..	..	..	..
Zambia	3,184	..	13.6	..	0.1	..	0.6	..	20	..	17.4	-37.4
Zimbabwe	..	..	..	..	..	..	..	..	..	..	..	..
World	50,941,862	68,650,476	88.4	91.9	114.6	87.5	130.9	88.4	43,561	43,342	..	..
East Asia & Pacific	15,942,386	23,820,189	94.7	97.5	111.2	114.5	118.5	113.6	14,151	19,489	..	..
Europe & Central Asia	9,014,532	11,070,542	61.4	75.0	48.1	..	80.0	59.0	11,111	6,870	..	..
Latin America & Caribbean	2,733,571	2,113,395	61.7	46.6	25.0	20.7	41.5	54.3	1,283	1,159	..	..
Middle East & North Africa	1,061,923	3,572,088	47.8	131.3	19.8	14.5	41.1	12.5	2,119	1,766	..	..
North America	19,456,181	32,376,609	117.1	145.2	225.3	106.2	193.1	0.8	8,064	7,740	..	..
South Asia	1,731,377	2,195,502	85.5	74.3	54.5	39.0	64.0	53.7	6,111	5,955	..	..
Sub-Saharan Africa	..	..	..	..	..	..	30.4	31.8	..	..	..	..
Low income	..	..	..	..	..	..	..	..	..	..	..	..
Lower middle income	2,210,069	2,811,480	63.9	61.1	36.5	26.9	57.7	45.4	7,702	7,665	..	..
Upper middle income	9,804,587	13,535,376	64.9	60.0	72.7	93.9	114.1	157.3	7,617	8,575	..	..
High income	38,927,206	54,870,123	99.6	118.4	137.2	91.4	138.7	52.4	28,242	27,390	..	..

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