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	2017	2010	2017	2010	2017	2010	2017	2010	2017	2010	2017

Afghanistan	..	..	..	..	..	..	..	..	..	..	..	..
Albania	..	..	..	..	..	..	..	..	..	..	..	..
Algeria	..	..	..	..	..	..	..	..	..	..	..	..
American Samoa	..	..	..	..	..	..	..	..	..	..	..	..
Andorra	..	..	..	..	..	..	..	..	..	..	..	..
Angola	..	..	..	..	..	..	..	..	..	..	..	..
Antigua and Barbuda	..	..	..	..	..	..	..	..	..	..	..	..
Argentina	63,910	108,740	15.1	11.7	0.6	0.8	4.0	5.4	101	96	55.3	71.7
Armenia	..	..	..	..	..	..	..	..	..	..	..	..
Aruba	..	..	..	..	..	..	..	..	..	..	..	..
Australia	1,454,491	1,508,463	127.3	105.3	99.0	66.0	77.8	53.6	1,913	2,013	12.5	16.5
Austria	126,032	150,646	32.2	31.0	12.5	6.8	38.8	26.3	89	67	10.9	55.5
Azerbaijan	..	..	..	..	..	..	..	..	..	..	..	..
Bahamas, The	..	..	..	..	..	..	..	..	..	..	..	..
Bahrain	20,060	21,706	78.0	60.3	1.1	1.0	1.4	2.6	44	42	10.0	5.3
Bangladesh	41,617	86,179	36.1	..	4.2	..	11.6	..	192	572	37.6	22.5
Barbados	2,187	..	49.0	..	0.8	..	1.5	..	21	17	..	..
Belarus	..	..	..	..	..	..	..	..	..	55	..	..
Belgium	268,726	437,794	55.6	80.8	22.2	..	40.0	..	161	116	0.5	16.8
Belize	..	..	..	..	..	..	..	..	..	..	..	..
Benin	..	..	..	..	..	..	..	..	..	..	..	..
Bermuda	1,535	2,719	26.7	..	1.8	..	6.8	1.4	14	13	..	..
Bhutan	..	..	..	..	..	..	..	..	..	..	..	..
Bolivia	..	..	..	..	..	..	..	..	..	..	..	..
Bosnia and Herzegovina	..	..	..	..	..	..	..	..	..	..	..	..
Botswana	..	..	..	..	..	..	..	..	..	..	-6.8	-0.8
Brazil	1,545,566	954,715	70.0	42.2	41.1	31.2	58.8	67.0	373	335	6.5	22.6
Brunei Darussalam	..	..	..	..	..	..	..	..	..	..	..	..
Bulgaria	7,376	..	14.6	..	0.7	..	5.1	..	390	..	-15.2	36.1
Burkina Faso	..	..	..	..	..	..	..	..	..	..	..	..
Burundi	..	..	..	..	..	..	..	..	..	..	..	..
Cambodia	..	..	..	..	..	..	..	..	..	..	..	..
Cameroon	..	..	..	..	..	..	..	..	..	..	..	..
Canada	2,171,195	2,367,060	134.6	129.8	87.1	75.1	64.7	54.1	3,771	3,278	22.0	13.7
Cabo Verde	..	..	..	..	..	..	..	..	..	..	..	..
Cayman Islands	238	316	..	..	..	..	0.4	..	2	6	..	..
Central African Republic	..	..	..	..	..	..	..	..	..	..	..	..
Chad	..	..	..	..	..	..	..	..	..	..	..	..
Channel Islands	..	..	..	..	..	..	..	..	..	..	..	..
Chile	341,799	294,676	156.4	86.0	26.5	9.7	16.9	12.9	227	212	47.2	41.6
China	4,027,840	8,711,267	66.0	65.4	135.4	163.4	205.0	197.7	2,063	3,485	6.9	46.0
Hong Kong SAR, China	2,711,316	4,350,515	1,185.9	995.1	650.6	421.0	54.9	43.4	1,396	1,987	21.3	27.8
Macao SAR, China	..	..	..	..	..	..	..	..	..	..	..	..
Colombia	208,502	121,477	72.6	36.8	7.9	5.0	10.9	11.3	84	67	44.1	11.9
Comoros	..	..	..	..	..	..	..	..	..	..	..	..
Congo, Dem. Rep.	..	..	..	..	..	..	..	..	..	..	..	..
Congo, Rep.	..	..	..	..	..	..	..	..	..	..	..	..
Costa Rica	1,445	..	3.9	..	0.1	..	2.9	..	9	10	..	..
Cote d'Ivoire	..	..	..	..	..	..	..	..	..	..	19.3	-2.5
Croatia	25,596	22,765	42.9	39.8	1.8	0.6	4.1	..	240	155	-0.4	6.4
Cuba	..	..	..	..	..	..	..	..	..	..	..	..
Curacao	..	..	..	..	..	..	..	..	..	..	..	..
Cyprus	6,834	2,822	26.7	12.5	2.9	0.4	10.9	2.4	110	74	-71.9	40.3
Czech Republic	40,912	..	17.4	..	10.6	..	78.9	..	16	15	0.2	37.8
Denmark	..	..	..	..	..	..	..	..	..	..	25.1	32.9
Djibouti	..	..	..	..	..	..	..	..	..	..	..	..
Dominica	..	..	..	..	..	..	..	..	..	..	..	..
Dominican Republic	..	..	..	..	..	..	..	..	..	..	..	..
Ecuador	..	..	..	..	..	..	..	..	..	..	9.7	-22.3
Egypt, Arab Rep.	84,277	46,546	38.5	10.0	17.0	3.0	44.2	30.7	227	252	11.5	21.0
El Salvador	..	..	..	..	..	..	..	..	..	..	..	..
Equatorial Guinea	..	..	..	..	..	..	..	..	..	..	..	..
Eritrea	..	..	..	..	..	..	..	..	..	..	..	..
Estonia	..	..	..	..	..	..	..	..	..	..	56.0	29.3
Ethiopia	..	..	..	..	..	..	..	..	..	..	..	..
Faroe Islands	..	..	..	..	..	..	..	..	..	..	..	..
Fiji	..	..	..	..	..	..	..	..	..	..	..	..
Finland	..	..	..	..	..	..	..	..	..	..	10.7	18.9
France	1,911,515	2,749,315	72.2	87.6	51.0	..	70.6	..	617	465	-9.9	9.3
French Polynesia	..	..	..	..	..	..	..	..	..	..	..	..
Gabon	..	..	..	..	..	..	..	..	..	..	..	..
Gambia, The	..	..	..	..	..	..	..	..	..	..	..	..
Georgia	..	..	..	..	..	..	..	..	..	..	..	..
Germany	1,429,719	2,262,223	41.8	49.3	43.7	32.3	104.5	63.6	690	450	7.4	12.5
Ghana	2,948	..	9.2	..	0.3	..	3.5	..	31	..	94.1	49.1
Greece	67,586	50,605	22.6	19.3	13.6	6.3	60.1	29.2	277	196	-43.8	30.3
Greenland	..	..	..	..	..	..	..	..	..	..	..	..
Grenada	..	..	..	..	..	..	..	..	..	..	..	..
Guam	..	..	..	..	..	..	..	..	..	..	..	..
Guatemala	..	..	..	..	..	..	..	..	..	..	..	..
Guinea	..	..	..	..	..	..	..	..	..	..	..	..
Guinea-Bissau	..	..	..	..	..	..	..	..	..	..	..	..
Guyana	..	..	..	..	..	..	..	..	..	..	..	..
Haiti	..	..	..	..	..	..	..	..	..	..	..	..
Honduras	..	..	..	..	..	..	..	..	..	..	..	..
Hungary	27,708	31,554	21.2	17.9	20.2	6.2	95.5	32.9	48	41	-10.8	34.3
Iceland	..	..	..	..	..	..	..	..	..	..	..	..
India	1,631,830	2,331,567	98.5	69.2	65.3	35.0	66.2	50.9	5,034	5,615	18.7	44.4
Indonesia	360,388	520,687	47.7	45.7	13.8	9.7	29.0	17.8	420	566	37.9	16.6
Iran, Islamic Rep.	86,642	106,329	17.8	26.0	3.5	4.5	19.6	11.0	369	326	..	..
Iraq	..	..	..	..	..	..	..	..	..	..	..	..
Ireland	60,368	146,554	27.2	39.3	4.0	7.3	14.7	19.7	50	41	-7.7	24.3
Isle of Man	..	..	..	..	..	..	..	..	..	..	..	..
Israel	227,614	231,049	97.4	67.3	46.3	16.3	47.6	29.9	596	431	7.4	9.5
Italy	535,059	..	25.2	..	31.3	..	124.4	..	290	..	-17.4	29.8
Jamaica	3,884	..	29.4	..	1.8	..	5.1	..	48	71	22.4	60.0
Japan	3,827,774	6,222,825	67.2	100.1	74.9	105.7	111.6	92.8	2,281	3,598	9.6	19.1
Jordan	30,864	23,969	116.8	63.6	32.5	6.7	27.9	9.7	277	194	-8.6	-5.1
Kazakhstan	26,673	45,558	18.0	29.3	0.4	0.5	2.0	1.6	61	90	-1.0	80.3
Kenya	14,461	..	36.2	..	2.0	1.2	5.5	..	55	65	33.8	23.5
Kiribati	..	..	..	..	..	..	..	..	..	..	..	..
Korea, Dem. People’s Rep.	..	..	..	..	..	..	..	..	..	..	..	..
Korea, Rep.	1,091,911	1,771,768	99.8	88.9	148.9	113.4	149.3	112.4	1,781	2,114	25.3	43.4
Kosovo	..	..	..	..	..	..	..	..	..	..	..	..
Kuwait	..	..	..	..	13.9	..	..	..	215	..	29.1	11.6
Kyrgyz Republic	..	..	..	..	..	..	..	..	..	..	..	..
Lao PDR	..	..	..	..	..	..	..	..	..	..	..	..
Latvia	..	..	..	..	..	..	..	..	..	..	39.4	40.6
Lebanon	12,697	11,492	33.0	24.4	4.9	1.8	14.8	..	10	10	-8.7	-13.3
Lesotho	..	..	..	..	..	..	..	..	..	..	..	..
Liberia	..	..	..	..	..	..	..	..	..	..	..	..
Libya	..	..	..	..	..	..	..	..	..	..	..	..
Liechtenstein	..	..	..	..	..	..	..	..	..	..	..	..
Lithuania	..	..	..	..	..	..	..	..	..	..	44.0	33.4
Luxembourg	101,129	68,639	190.0	103.9	0.3	0.1	0.2	0.1	29	28	-3.3	19.9
Macedonia, FYR	..	..	..	..	..	..	..	..	..	..	..	..
Madagascar	..	..	..	..	..	..	..	..	..	..	..	..
Malawi	..	..	..	..	..	..	..	..	..	..	..	..
Malaysia	408,689	455,772	160.3	121.3	45.0	33.1	28.1	30.1	948	894	35.1	25.3
Maldives	..	..	..	..	..	..	..	..	..	..	..	..
Mali	..	..	..	..	..	..	..	..	..	..	..	..
Malta	4,194	5,171	48.0	40.3	0.6	0.7	1.2	2.0	21	23	..	..
Marshall Islands	..	..	..	..	..	..	..	..	..	..	..	..
Mauritania	..	..	..	..	..	..	..	..	..	..	..	..
Mauritius	7,753	9,743	77.5	62.2	3.6	2.6	4.7	4.6	62	74	8.2	28.2
Mexico	454,345	417,021	43.2	33.5	10.6	10.7	24.5	23.1	130	141	26.6	12.9
Micronesia, Fed. Sts.	..	..	..	..	..	..	..	..	..	..	..	..
Moldova	..	..	..	..	..	..	..	..	..	..	..	..
Monaco	..	..	..	..	..	..	..	..	..	..	..	..
Mongolia	..	..	..	..	..	..	..	..	..	..	..	..
Montenegro	3,223	..	77.9	..	1.1	..	1.4	..	361	..	..	..
Morocco	69,152	67,048	74.2	55.6	6.5	3.1	8.8	6.3	73	73	13.1	15.0
Mozambique	..	..	..	..	..	..	..	..	..	..	..	..
Myanmar	..	..	..	..	..	..	..	..	..	..	..	..
Namibia	1	..	0.0	..	0.2	..	1,721.5	..	7	10	24.2	17.7
Nepal	..	..	..	..	..	..	..	..	..	..	..	..
Netherlands	661,099	1,100,105	79.0	103.7	66.6	..	84.3	..	150	102	1.2	31.7
New Caledonia	..	..	..	..	..	..	..	..	..	..	..	..
New Zealand	43,516	94,691	29.7	43.3	1.3	5.9	4.4	12.3	137	164	5.2	20.0
Nicaragua	..	..	..	..	..	..	..	..	..	..	..	..
Niger	..	..	..	..	..	..	..	..	..	..	..	..
Nigeria	50,546	37,218	13.7	7.4	1.4	0.4	10.1	5.9	215	166	20.3	37.4
Northern Mariana Islands	..	..	..	..	..	..	..	..	..	..	..	..
Norway	295,288	287,192	68.8	62.3	49.4	28.4	71.8	35.0	195	180	13.7	19.4
Oman	28,316	21,299	48.3	35.1	5.6	3.7	11.7	11.2	114	112	12.2	-10.9
Pakistan	38,007	91,864	21.4	32.9	6.6	9.9	30.7	30.0	644	..	15.3	-26.5
Palau	..	..	..	..	..	..	..	..	..	..	..	..
Panama	8,348	15,024	28.9	24.6	0.2	..	0.8	..	34	30	12.8	26.6
Papua New Guinea	11,027	..	77.4	..	0.2	..	0.2	..	10	6	..	..
Paraguay	..	..	..	..	..	..	..	..	..	..	..	..
Peru	103,347	99,218	70.1	42.2	2.7	1.4	3.9	5.7	199	218	51.3	31.6
Philippines	157,321	290,401	78.8	78.6	11.1	11.8	14.1	11.6	251	264	56.7	22.1
Poland	190,706	201,393	39.8	29.4	14.5	9.7	36.4	33.7	570	861	11.3	50.2
Portugal	81,997	75,590	34.4	27.9	22.5	..	65.4	..	52	43	-16.6	25.8
Puerto Rico	..	..	..	..	..	..	..	..	..	..	..	..
Qatar	76,531	130,610	66.4	101.6	14.7	12.4	63.0	14.0	43	45	27.7	-16.8
Romania	14,201	..	8.5	..	1.0	..	11.8	..	73	86	-6.6	22.1
Russian Federation	951,296	623,425	62.4	48.5	33.2	10.9	53.3	23.1	556	230	21.7	4.4
Rwanda	..	..	..	..	..	..	..	..	..	..	..	..
Samoa	..	..	..	..	..	..	..	..	..	..	..	..
San Marino	..	..	..	..	..	..	..	..	..	..	..	..
Sao Tome and Principe	..	..	..	..	..	..	..	..	..	..	..	..
Saudi Arabia	353,410	451,379	66.9	69.4	38.1	47.4	56.9	48.4	146	188	9.0	-72.1
Senegal	..	..	..	..	..	..	..	..	..	..	..	..
Serbia	1,542	..	3.9	..	0.6	..	7.6	..	..	..	..	..
Seychelles	..	..	..	..	..	..	..	..	..	22	..	..
Sierra Leone	..	..	..	..	..	..	..	..	..	..	..	..
Singapore	647,226	787,255	273.8	215.6	129.3	63.3	47.2	27.9	461	483	18.4	29.8
Sint Maarten (Dutch part)	..	..	..	..	..	..	..	..	..	..	..	..
Slovak Republic	4,167	..	4.7	..	0.3	..	7.4	..	90	..	5.4	24.0
Slovenia	9,428	6,318	19.6	11.8	1.0	0.7	5.1	6.2	72	35	-20.3	25.4
Solomon Islands	..	..	..	..	..	..	..	..	..	..	..	..
Somalia	..	..	..	..	..	..	..	..	..	..	..	..
South Africa	925,007	1,230,977	246.5	322.0	73.9	136.2	30.0	25.7	352	294	32.1	30.6
South Sudan	..	..	..	..	..	..	..	..	..	..	..	..
Spain	1,171,625	888,838	81.8	56.9	96.0	47.5	117.3	82.6	3,310	3,110	-24.5	22.8
Sri Lanka	19,924	18,960	35.1	23.0	8.8	1.5	25.1	7.6	241	296	84.6	2.1
St. Kitts and Nevis	..	..	..	..	..	..	..	..	..	..	..	..
St. Lucia	..	..	..	..	..	..	..	..	..	..	..	..
St. Martin (French part)	..	..	..	..	..	..	..	..	..	..	..	..
St. Vincent and the Grenadines	..	..	..	..	..	..	..	..	..	..	..	..
Sudan	..	..	..	..	..	..	..	..	..	..	..	..
Suriname	..	..	..	..	..	..	..	..	..	..	..	..
Swaziland	..	..	..	..	..	..	..	..	..	..	..	..
Sweden	..	..	..	..	..	..	..	..	..	..	32.6	18.0
Switzerland	1,229,357	1,686,497	210.6	209.8	149.9	125.2	71.2	55.4	246	228	11.0	21.1
Syrian Arab Republic	..	..	..	..	..	..	..	..	..	..	..	..
Tajikistan	..	..	..	..	..	..	..	..	..	..	..	..
Tanzania	..	..	..	..	..	..	..	..	..	..	..	..
Thailand	277,732	548,795	81.4	106.4	65.2	79.8	80.1	61.9	541	688	52.1	25.8
Timor-Leste	..	..	..	..	..	..	..	..	..	..	..	..
Togo	..	..	..	..	..	..	..	..	..	..	..	..
Tonga	..	..	..	..	..	..	..	..	..	..	..	..
Trinidad and Tobago	..	..	..	..	..	..	..	..	..	..	0.8	-3.6
Tunisia	10,652	8,923	24.2	20.1	4.2	..	17.2	..	56	81	11.7	5.6
Turkey	302,443	227,512	39.2	19.9	52.2	32.6	133.3	165.8	263	374	21.4	33.8
Turkmenistan	..	..	..	..	..	..	..	..	..	..	..	..
Turks and Caicos Islands	..	..	..	..	..	..	..	..	..	..	..	..
Tuvalu	..	..	..	..	..	..	..	..	..	..	..	..
Uganda	..	..	..	..	..	..	..	..	..	..	..	..
Ukraine	38,897	..	28.6	..	2.1	..	7.3	..	..	94	53.8	31.2
United Arab Emirates	131,491	239,387	45.4	63.5	9.6	13.9	21.1	18.0	104	127	-6.8	-2.0
United Kingdom	1,868,153	..	64.6	..	131.6	..	146.4	..	2,105	..	5.2	7.6
United States	17,283,452	32,120,703	115.5	146.9	240.7	225.9	208.4	116.1	4,279	4,336	12.8	19.4
Uruguay	..	..	..	..	..	..	..	..	..	..	..	..
Uzbekistan	..	..	..	..	..	..	..	..	..	..	..	..
Vanuatu	..	..	..	..	..	..	..	..	..	..	..	..
Venezuela, RB	..	..	..	..	..	..	..	..	55	..	..	..
Vietnam	30,115	116,657	26.0	32.3	16.5	10.8	63.6	32.6	267	344	0.5	56.8
Virgin Islands (U.S.)	..	..	..	..	..	..	..	..	..	..	..	..
West Bank and Gaza	2,450	3,891	27.4	25.3	4.2	3.3	15.3	12.1	39	48	..	..
Yemen, Rep.	..	..	..	..	..	..	..	..	..	..	..	..
Zambia	3,184	..	13.6	..	0.1	..	0.6	..	20	..	17.4	36.6
Zimbabwe	..	..	..	..	..	..	..	..	..	..	..	..
World	51,468,900	79,214,134	86.5	98.2	112.5	124.8	130.7	100.4	43,194	43,039	..	..
East Asia & Pacific	15,935,646	26,563,997	95.0	95.2	111.5	129.1	118.5	112.1	13,784	18,148	..	..
Europe & Central Asia	9,549,591	11,065,344	56.7	64.8	56.7	..	82.8	..	11,111	7,066	..	..
Latin America & Caribbean	2,733,571	2,010,870	61.8	38.0	25.1	17.5	41.5	40.3	1,283	1,197	..	..
Middle East & North Africa	1,061,817	1,368,799	51.5	51.8	19.8	18.3	41.1	28.5	2,119	1,952	..	..
North America	19,456,181	34,490,481	117.3	145.6	225.7	214.4	193.1	111.8	8,064	7,627	..	..
South Asia	1,731,377	2,436,705	86.3	63.9	55.0	31.3	64.0	50.4	6,111	6,483	..	..
Sub-Saharan Africa	..	1,277,938	..	..	..	..	28.5	25.0	..	566	..	..
Low income	..	..	..	..	..	..	..	..	..	..	..	..
Lower middle income	2,594,476	3,552,045	63.9	51.3	32.1	19.6	53.2	39.1	8,032	8,565	..	..
Upper middle income	9,468,058	13,709,830	64.9	60.3	74.5	107.3	116.4	141.6	7,329	7,684	..	..
High income	39,406,367	61,952,259	96.4	120.8	132.7	147.2	138.7	94.1	27,833	26,790	..	..

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