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	2022	2010	2022	2010	2022	2010	2022	2010	2022	2022

Afghanistan	..	..	..	..	..	..	..	..	..	..	..
Albania	..	..	..	..	..	..	..	..	..	..	..
Algeria	105	..	0.1	..	..	..	..	..	..	..	..
American Samoa	..	..	..	..	..	..	..	..	..	..	..
Andorra	..	..	..	..	..	..	..	..	..	..	..
Angola	..	..	..	..	..	..	..	..	..	..	..
Antigua and Barbuda	..	..	..	..	..	..	..	..	..	..	..
Argentina	63,910	52,948	15.1	8.4	0.6	1.3	4.0	15.0	101	85	-30.4
Armenia	..	253	..	1.3	..	0.0	..	1.0	..	12	..
Aruba	..	..	..	..	..	..	..	..	..	..	..
Australia	1,454,491	1,679,172	126.6	99.2	98.5	64.4	77.8	64.9	1,913	1,976	-13.8
Austria	126,032	123,048	32.1	26.1	12.5	7.9	38.8	30.4	89	66	-25.1
Azerbaijan	..	1,468	..	1.9	..	0.0	..	0.2	..	29	..
Bahamas, The	..	..	..	..	..	..	..	..	..	..	..
Bahrain	20,060	30,262	78.0	68.2	1.1	1.0	1.4	1.4	44	41	5.5
Bangladesh	41,617	42,895	36.1	9.3	4.2	5.0	11.6	53.1	192	354	-25.1
Barbados	2,187	2,780	48.2	58.2	0.7	0.0	1.5	0.2	21	15	..
Belarus	..	2,497	..	3.4	..	0.0	..	0.3	..	14	..
Belgium	268,726	..	55.8	..	22.3	..	40.0	..	124	..	-19.1
Belize	..	..	..	..	..	..	..	..	..	..	..
Benin	..	..	..	..	..	..	..	..	..	..	..
Bermuda	1,535	207	23.1	2.6	1.6	0.2	6.8	6.1	14	10	..
Bhutan	..	..	..	..	..	..	..	..	..	..	..
Bolivia	..	..	..	..	..	..	..	..	..	..	..
Bosnia and Herzegovina	..	..	..	..	..	..	..	..	..	..	..
Botswana	..	31,025	..	152.7	..	0.4	..	0.3	..	23	1.5
Brazil	1,545,566	794,418	70.0	40.7	41.1	66.2	58.8	162.7	373	361	-4.4
Brunei Darussalam	..	..	..	..	..	..	..	..	..	..	..
Bulgaria	7,376	15,705	14.5	17.4	0.7	0.4	5.1	2.3	390	201	-5.0
Burkina Faso	..	..	..	..	..	..	..	..	..	..	..
Burundi	..	..	..	..	..	..	..	..	..	..	..
Cambodia	..	..	..	..	..	..	..	..	..	..	..
Cameroon	..	..	..	..	..	..	..	..	..	..	..
Canada	2,171,195	2,744,720	134.2	127.0	86.9	104.1	64.7	81.9	3,654	3,534	-14.8
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	285,232	157.5	94.4	26.7	13.6	16.9	14.4	227	400	15.4
China	4,027,840	11,469,346	66.2	64.1	135.7	181.5	205.0	283.0	2,063	11,497	-23.6
Hong Kong SAR, China	2,711,316	4,566,809	1,185.9	1,273.2	650.6	794.2	54.9	62.4	1,396	2,414	-9.7
Macao SAR, China	..	..	..	..	..	..	..	..	..	..	..
Colombia	208,502	68,412	72.8	19.8	7.9	1.9	10.9	9.5	84	63	-17.2
Comoros	..	..	..	..	..	..	..	..	..	..	..
Congo, Dem. Rep.	..	..	..	..	..	..	..	..	..	..	..
Congo, Rep.	..	..	..	..	..	..	..	..	..	..	..
Costa Rica	1,445	2,232	3.8	3.2	0.1	0.1	2.9	2.0	9	9	..
Cote d'Ivoire	7,158	7,331	20.5	11.6	0.6	0.3	3.2	..	39	46	-8.2
Croatia	25,596	19,335	43.5	26.9	1.8	0.3	4.1	1.3	240	91	-12.7
Cuba	..	..	..	..	..	..	..	..	..	..	..
Curacao	..	..	..	..	..	..	..	..	..	..	..
Cyprus	6,834	6,533	26.5	22.3	2.9	0.2	10.9	0.7	110	92	-20.0
Czechia	40,912	28,809	17.3	9.9	10.6	1.9	78.9	19.6	16	24	-18.0
Denmark	..	..	..	..	..	..	..	..	..	..	-8.0
Djibouti	..	..	..	..	..	..	..	..	..	..	..
Dominica	..	..	..	..	..	..	..	..	..	..	..
Dominican Republic	..	..	..	..	..	..	..	..	..	..	..
Ecuador	..	..	..	..	..	..	..	..	..	..	..
Egypt, Arab Rep.	84,277	38,853	38.5	8.1	17.0	2.4	44.2	28.9	227	239	-22.3
El Salvador	..	..	..	..	..	..	..	..	..	..	..
Equatorial Guinea	..	..	..	..	..	..	..	..	..	..	..
Eritrea	..	..	..	..	..	..	..	..	..	..	..
Estonia	..	..	..	..	..	..	..	..	..	..	-22.8
Ethiopia	..	..	..	..	..	..	..	..	..	..	..
Faroe Islands	..	..	..	..	..	..	..	..	..	..	..
Fiji	..	..	..	..	..	..	..	..	..	..	..
Finland	..	..	..	..	..	..	..	..	..	..	-19.5
France	1,911,515	..	72.3	..	51.0	..	70.6	..	617	..	-9.5
French Polynesia	..	..	..	..	..	..	..	..	..	..	..
Gabon	..	..	..	..	..	..	..	..	..	..	..
Gambia, The	..	..	..	..	..	..	..	..	..	..	..
Georgia	..	..	..	..	..	..	..	..	..	..	..
Germany	1,429,719	1,889,664	42.1	46.3	44.0	31.7	104.5	68.4	690	429	-12.3
Ghana	2,948	6,464	9.2	8.7	0.3	0.1	3.5	1.0	31	30	-46.4
Greece	67,586	59,035	22.7	27.1	13.7	8.6	60.1	31.6	277	154	-0.8
Greenland	..	..	..	..	..	..	..	..	..	..	..
Grenada	..	..	..	..	..	..	..	..	..	..	..
Guam	..	..	..	..	..	..	..	..	..	..	..
Guatemala	..	..	..	..	..	..	..	..	..	..	..
Guinea	..	..	..	..	..	..	..	..	..	..	..
Guinea-Bissau	..	..	..	..	..	..	..	..	..	..	..
Guyana	..	..	..	..	..	..	..	..	..	..	..
Haiti	..	..	..	..	..	..	..	..	..	..	..
Honduras	..	..	..	..	..	..	..	..	..	..	..
Hungary	27,708	23,867	21.0	13.5	20.0	5.3	95.5	39.4	48	62	-33.5
Iceland	..	..	..	..	..	..	..	..	..	..	..
India	1,762,462	3,603,482	105.2	107.5	63.3	57.7	60.2	53.7	5,034	2,168	-8.8
Indonesia	360,388	610,288	47.7	46.3	13.8	14.8	29.0	31.9	420	825	-7.5
Iran, Islamic Rep.	86,642	1,613,045	17.8	390.2	3.5	57.3	19.6	14.7	369	546	..
Iraq	..	..	..	..	..	..	..	..	..	..	..
Ireland	60,368	..	27.2	..	4.0	..	14.7	..	50	..	-26.8
Isle of Man	..	..	..	..	..	..	..	..	..	..	..
Israel	227,614	269,637	95.5	51.4	45.4	21.3	47.6	41.5	596	518	-29.1
Italy	535,059	..	25.0	..	31.2	..	124.4	..	290	..	-19.4
Jamaica	3,884	13,053	29.4	76.3	1.8	1.1	5.1	1.4	48	95	-14.5
Japan	3,827,774	5,380,475	66.5	126.4	74.1	137.6	111.6	108.9	2,281	3,865	-9.4
Jordan	30,864	25,429	113.7	52.3	31.7	5.2	27.9	10.0	277	170	11.6
Kazakhstan	26,673	45,768	18.0	20.3	0.4	0.2	2.0	0.8	61	92	-19.1
Kenya	14,461	16,108	31.8	14.2	1.7	0.3	5.5	2.2	55	59	-26.7
Kiribati	..	..	..	..	..	..	..	..	..	..	..
Korea, Dem. People's Rep.	..	..	..	..	..	..	..	..	..	..	..
Korea, Rep.	1,091,911	1,644,508	95.5	98.2	142.5	182.2	149.3	185.4	1,781	2,446	-31.4
Kosovo	..	..	..	..	..	..	..	..	..	..	..
Kuwait	..	152,683	..	83.5	13.9	23.3	..	27.9	215	148	4.0
Kyrgyz Republic	..	..	..	..	..	..	..	..	..	..	..
Lao PDR	..	..	..	..	..	..	..	..	..	..	..
Latvia	..	..	..	..	..	..	..	..	..	..	3.6
Lebanon	12,697	10,577	33.0	45.7	4.9	0.1	14.8	3.3	10	10	61.9
Lesotho	..	..	..	..	..	..	..	..	..	..	..
Liberia	..	..	..	..	..	..	..	..	..	..	..
Libya	..	..	..	..	..	..	..	..	..	..	..
Liechtenstein	..	..	..	..	..	..	..	..	..	..	..
Lithuania	..	..	..	..	..	..	..	..	..	..	-11.5
Luxembourg	101,129	50,897	179.9	62.3	0.3	0.1	0.2	0.1	29	28	-30.4
North Macedonia	..	..	..	..	..	..	..	..	..	..	..
Madagascar	..	..	..	..	..	..	..	..	..	..	..
Malawi	..	..	..	..	..	..	..	..	..	..	..
Malaysia	408,689	381,207	160.3	93.7	45.0	27.1	28.1	29.0	948	963	-10.9
Maldives	..	..	..	..	..	..	..	..	..	..	..
Mali	..	..	..	..	..	..	..	..	..	..	..
Malta	4,194	4,359	46.4	23.7	0.5	0.2	1.2	0.8	21	33	..
Marshall Islands	..	..	..	..	..	..	..	..	..	..	..
Mauritania	..	..	..	..	..	..	..	..	..	..	..
Mauritius	7,753	8,567	77.5	66.3	3.6	1.9	4.7	2.8	62	89	-5.9
Mexico	454,345	454,370	41.1	31.1	10.1	7.2	24.5	23.3	130	133	-3.5
Micronesia, Fed. Sts.	..	..	..	..	..	..	..	..	..	..	..
Moldova	..	..	..	..	..	..	..	..	..	..	..
Monaco	..	..	..	..	..	..	..	..	..	..	..
Mongolia	..	..	..	..	..	..	..	..	..	..	..
Montenegro	3,223	..	77.8	..	1.1	..	1.4	..	361	..	..
Morocco	69,152	53,707	68.6	41.0	6.0	2.3	8.8	5.7	73	75	-30.0
Mozambique	..	..	..	..	..	..	..	..	..	..	..
Myanmar	..	..	..	..	..	..	..	..	..	..	..
Namibia	1	2,159	0.0	17.2	0.2	0.3	1,721.5	1.7	7	14	-3.3
Nepal	..	..	..	..	..	..	..	..	..	..	..
Netherlands	661,099	..	78.0	..	65.8	..	84.3	..	150	..	-27.9
New Caledonia	..	..	..	..	..	..	..	..	..	..	..
New Zealand	35,507	97,546	29.3	39.5	1.3	5.7	9.3	14.4	137	123	-24.9
Nicaragua	..	..	..	..	..	..	..	..	..	..	..
Niger	..	..	..	..	..	..	..	..	..	..	..
Nigeria	50,546	91,439	13.8	19.3	1.4	0.5	10.1	2.4	215	173	-13.4
Northern Mariana Islands	..	..	..	..	..	..	..	..	..	..	..
Norway	295,288	..	68.5	..	49.2	..	71.8	..	195	..	-14.3
Oman	28,316	22,268	43.6	19.4	5.1	2.0	11.7	10.4	114	110	19.1
Pakistan	38,007	28,714	19.3	7.7	5.9	2.0	30.7	26.5	625	494	-32.0
Palau	..	..	..	..	..	..	..	..	..	..	..
Panama	8,348	15,628	28.4	20.4	0.2	0.8	0.8	4.0	34	33	-0.4
Papua New Guinea	11,027	..	77.4	..	0.2	..	0.2	..	10	..	..
Paraguay	..	..	..	..	..	..	..	..	..	..	..
Peru	103,347	71,315	70.1	28.9	2.7	0.6	3.9	2.0	199	186	3.6
Philippines	157,321	238,581	75.5	59.0	10.7	6.4	14.1	10.9	251	283	-16.0
Poland	190,706	147,657	40.1	21.4	14.6	9.5	36.4	44.4	570	773	-27.1
Portugal	81,997	..	34.4	..	22.5	..	65.4	..	52	..	-3.1
Puerto Rico	..	..	..	..	..	..	..	..	..	..	..
Qatar	76,531	166,777	66.4	70.7	14.7	18.7	63.0	26.5	43	..	-11.3
Romania	14,201	28,984	8.4	9.7	1.0	0.8	11.8	8.4	73	81	-17.5
Russian Federation	951,296	530,104	62.4	23.4	33.2	8.9	53.3	38.2	556	195	-54.6
Rwanda	..	3,445	..	25.9	..	0.1	..	0.5	..	5	..
Samoa	..	..	..	..	..	..	..	..	..	..	..
San Marino	..	..	..	..	..	..	..	..	..	..	..
Sao Tome and Principe	..	..	..	..	..	..	..	..	..	..	..
Saudi Arabia	353,410	2,638,591	66.9	238.0	38.1	40.4	56.9	17.0	146	269	-8.5
Senegal	..	..	..	..	..	..	..	..	..	..	..
Serbia	4,158	..	9.9	..	0.8	..	7.6	..	..	..	..
Seychelles	..	1,216	..	59.1	..	0.4	..	0.6	..	46	..
Sierra Leone	..	..	..	..	..	..	..	..	..	..	..
Singapore	647,226	619,362	269.9	124.3	127.5	..	47.2	..	461	425	-15.1
Sint Maarten (Dutch part)	..	..	..	..	..	..	..	..	..	..	..
Slovak Republic	4,167	..	4.6	..	0.3	..	7.4	..	90	..	-34.3
Slovenia	9,428	8,171	19.6	13.6	1.0	0.7	5.1	5.1	72	24	-23.9
Solomon Islands	..	..	..	..	..	..	..	..	..	..	..
Somalia	..	..	..	..	..	..	..	..	..	..	..
South Africa	925,007	1,171,748	221.6	289.1	66.4	57.8	30.0	26.7	352	237	-7.2
South Sudan	..	..	..	..	..	..	..	..	..	..	..
Spain	1,171,625	665,498	82.4	46.9	96.6	25.6	117.3	54.5	3,310	1,472	-11.0
Sri Lanka	19,924	10,598	34.0	14.3	8.5	2.3	25.1	15.9	241	290	-62.4
St. Kitts and Nevis	..	..	..	..	..	..	..	..	..	..	..
St. Lucia	..	..	..	..	..	..	..	..	..	..	..
St. Martin (French part)	..	..	..	..	..	..	..	..	..	..	..
St. Vincent and the Grenadines	..	..	..	..	..	..	..	..	..	..	..
Sudan	..	..	..	..	..	..	..	..	..	..	..
Suriname	..	..	..	..	..	..	..	..	..	..	..
Eswatini	..	..	..	..	..	..	..	..	..	..	..
Sweden	..	..	..	..	..	..	..	..	..	..	-35.1
Switzerland	1,229,357	1,830,525	205.3	223.7	146.2	105.7	71.2	47.3	246	220	-19.8
Syrian Arab Republic	..	..	..	..	..	..	..	..	..	..	..
Tajikistan	..	..	..	..	..	..	..	..	..	..	..
Tanzania	..	6,697	..	8.8	..	0.0	..	0.4	..	22	..
Thailand	277,732	604,355	81.4	121.9	65.2	96.5	80.1	79.1	541	810	-1.0
Timor-Leste	..	..	..	..	..	..	..	..	..	..	..
Togo	..	..	..	..	..	..	..	..	..	..	..
Tonga	..	..	..	..	..	..	..	..	..	..	..
Trinidad and Tobago	..	..	..	..	..	..	..	..	..	..	-6.3
Tunisia	10,652	7,754	23.1	17.4	4.0	1.3	17.2	7.4	56	82	-3.1
Turkiye	302,443	330,011	38.9	36.4	51.9	98.6	133.3	271.0	263	461	105.8
Turkmenistan	..	..	..	..	..	..	..	..	..	..	..
Turks and Caicos Islands	..	..	..	..	..	..	..	..	..	..	..
Tuvalu	..	..	..	..	..	..	..	..	..	..	..
Uganda	..	..	..	..	..	..	..	..	..	..	..
Ukraine	38,897	..	27.5	..	2.0	..	7.3	..	..	..	-58.3
United Arab Emirates	131,491	873,562	43.8	172.3	9.2	28.9	21.1	16.8	104	153	-6.6
United Kingdom	2,686,881	3,095,983	108.1	100.2	129.3	25.4	119.6	25.3	2,105	1,646	0.9
United States	17,283,452	40,297,980	114.8	156.5	239.4	172.1	208.4	..	4,279	4,642	-19.4
Uruguay	..	..	..	..	..	..	..	..	..	..	..
Uzbekistan	..	5,194	..	7.5	..	..	..	..	..	..	..
Vanuatu	..	..	..	..	..	..	..	..	..	..	..
Venezuela, RB	..	..	..	..	..	..	..	..	55	..	..
Viet Nam	36,855	170,152	25.0	41.5	21.0	39.5	83.7	95.3	634	402	-46.1
Virgin Islands (U.S.)	..	..	..	..	..	..	..	..	..	..	..
West Bank and Gaza	2,450	4,896	25.3	25.5	3.9	2.5	15.3	9.7	39	49	..
Yemen, Rep.	..	..	..	..	..	..	..	..	..	..	..
Zambia	3,184	4,037	13.6	13.8	0.1	0.1	0.6	0.4	20	22	23.8
Zimbabwe	..	..	..	..	..	..	..	..	..	..	..
World	54,259,518	93,688,922	86.8	106.2	111.6	118.8	129.9	..	43,427	47,926	..
East Asia & Pacific	15,898,870	29,054,178	94.8	95.6	110.6	162.1	118.8	172.3	14,151	27,701	..
Europe & Central Asia	12,239,089	..	63.3	..	56.5	..	91.1	48.1	11,074	..	..
Latin America & Caribbean	2,733,571	1,757,609	61.0	34.4	24.8	28.5	41.5	83.3	1,283	1,280	..
Middle East & North Africa	1,061,923	5,901,823	46.7	152.5	19.5	27.0	41.3	18.0	2,119	2,433	..
North America	19,456,181	43,042,907	116.7	154.2	224.5	166.8	193.1	..	7,947	8,186	..
South Asia	1,862,010	3,685,689	91.0	86.5	52.9	46.2	58.3	53.2	6,092	3,306	..
Sub-Saharan Africa	..	..	..	..	..	..	28.3	23.2	..	..	..
Low income	..	..	..	..	..	..	..	0.5	..	..	..
Lower middle income	2,352,418	4,349,806	70.5	66.3	35.7	33.1	52.7	49.8	8,009	4,912	..
Upper middle income	8,850,551	17,728,486	63.8	65.7	76.4	133.4	120.8	210.1	6,391	16,459	..
High income	43,056,549	71,607,185	95.1	131.0	127.7	122.0	135.6	..	28,972	26,550	..

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