GM ECONOMY · INDICATOR PROFILE
Stock Market Capitalization
Listed domestic companies market capitalization as a percentage of GDP.
Country coverage69 / 11461% of active countries
Time coverage1975–20242163 observations
Common ranking year202353 countries · 77%
Data qualityAdequate29 median observations / country
Minimum · 20237.67%
Median · 202344.61%
Maximum · 20231,043.13%
Data quality
Recency and time-series depthGood53latest within 1 year of the series maximum and at least 10 observations
Adequate2latest within 3 years and at least 5 observations
Limited14older or comparatively short series
Indicator metadata
Definition and machine-readable identifiersCountry ranking · 2023
53 comparable countries| Rank | Country | 2023 value | Latest year | Latest value | Observations | Coverage |
|---|---|---|---|---|---|---|
| 1 | Hong Kong | 1,043.13% | 2024 | 1,118.24% | 50 | 1975–2024 |
| 2 | South Africa | 268.93% | 2024 | 245.72% | 50 | 1975–2024 |
| 3 | Saudi Arabia | 247.45% | 2024 | 219.95% | 16 | 2009–2024 |
| 4 | Switzerland | 228.60% | 2024 | 210.49% | 50 | 1975–2024 |
| 5 | United Arab Emirates | 190.23% | 2024 | 190.86% | 18 | 2007–2024 |
| 6 | United States | 179.46% | 2024 | 216.29% | 50 | 1975–2024 |
| 7 | Japan | 145.95% | 2024 | 156.69% | 50 | 1975–2024 |
| 8 | Canada | 142.60% | 2024 | 150.40% | 47 | 1977–2024 |
| 9 | Singapore | 120.35% | 2024 | 116.49% | 46 | 1979–2024 |
| 10 | India | 119.28% | 2024 | 131.24% | 25 | 2000–2024 |
| 11 | South Korea | 106.68% | 2024 | 83.05% | 46 | 1979–2024 |
| 12 | Australia | 103.13% | 2024 | 98.87% | 46 | 1979–2024 |
| 13 | Thailand | 100.72% | 2024 | 98.70% | 36 | 1989–2024 |
| 14 | Malaysia | 94.53% | 2024 | 106.45% | 44 | 1981–2024 |
| 15 | Chile | 85.85% | 2024 | 79.33% | 34 | 1991–2024 |
| 16 | Kuwait | 79.29% | 2024 | 88.30% | 21 | 1993–2024 |
| 17 | Qatar | 78.94% | 2024 | 77.70% | 14 | 2007–2024 |
| 18 | Luxembourg | 60.62% | 2024 | 44.88% | 50 | 1975–2024 |
| 19 | China | 59.86% | 2024 | 62.72% | 22 | 2003–2024 |
| 20 | Indonesia | 55.30% | 2024 | 54.42% | 30 | 1995–2024 |
| 21 | Philippines | 54.10% | 2024 | 54.55% | 29 | 1996–2024 |
| 22 | Israel | 51.64% | 2024 | 61.23% | 46 | 1979–2024 |
| 23 | Germany | 47.74% | 2024 | 43.63% | 50 | 1975–2024 |
| 24 | Spain | 47.52% | 2024 | 43.69% | 49 | 1975–2024 |
| 25 | Jordan | 46.77% | 2024 | 46.68% | 18 | 2007–2024 |
| 26 | Brazil | 45.24% | 2024 | 30.14% | 25 | 2000–2024 |
| 27 | Bahrain | 44.61% | 2024 | 43.32% | 27 | 1996–2024 |
| 28 | Morocco | 43.46% | 2024 | 46.36% | 15 | 2010–2024 |
| 29 | Vietnam | 43.29% | 2024 | 42.95% | 17 | 2008–2024 |
| 30 | New Zealand | 37.84% | 2024 | 35.69% | 38 | 1985–2024 |
| 31 | Greece | 33.47% | 2024 | 32.47% | 24 | 2001–2024 |
| 32 | Mexico | 32.07% | 2023 | 32.07% | 46 | 1975–2023 |
| 33 | Peru | 31.83% | 2024 | 28.42% | 28 | 1997–2024 |
| 34 | Russia | 31.40% | 2023 | 31.40% | 15 | 2009–2023 |
| 35 | Croatia | 29.61% | 2024 | 29.92% | 30 | 1994–2024 |
| 36 | Turkey | 29.58% | 2024 | 27.88% | 32 | 1993–2024 |
| 37 | Austria | 26.83% | 2024 | 22.58% | 50 | 1975–2024 |
| 38 | Poland | 26.05% | 2024 | 21.51% | 30 | 1995–2024 |
| 39 | Bangladesh | 25.50% | 2024 | 19.54% | 29 | 1993–2024 |
| 40 | Kazakhstan | 22.56% | 2024 | 47.70% | 24 | 1998–2024 |
| 41 | Oman | 21.94% | 2024 | 29.92% | 30 | 1993–2024 |
| 42 | Colombia | 21.62% | 2024 | 17.34% | 20 | 2005–2024 |
| 43 | Hungary | 18.22% | 2024 | 18.65% | 23 | 2002–2024 |
| 44 | Tunisia | 16.50% | 2024 | 16.17% | 18 | 1995–2024 |
| 45 | Slovenia | 14.60% | 2024 | 15.68% | 28 | 1997–2024 |
| 46 | Egypt | 14.03% | 2024 | 10.95% | 19 | 2006–2024 |
| 47 | Romania | 13.76% | 2024 | 12.39% | 26 | 1998–2024 |
| 48 | Czech Republic | 10.04% | 2024 | 9.98% | 23 | 1993–2024 |
| 49 | Pakistan | 9.58% | 2024 | 14.01% | 24 | 1993–2024 |
| 50 | Nigeria | 9.53% | 2024 | 21.57% | 29 | 1993–2024 |
| 51 | Kenya | 8.55% | 2024 | 12.47% | 24 | 1993–2024 |
| 52 | Ghana | 7.71% | 2024 | 9.20% | 25 | 1993–2024 |
| 53 | Bulgaria | 7.67% | 2024 | 7.42% | 25 | 1993–2024 |
The ranking uses a single common year rather than mixing each country’s latest observation. GM Economy selects the most recent year with data for at least 75% of countries covered by this indicator; if no year reaches that threshold, the year with the broadest coverage is used. Values are ordered from highest to lowest. This is a descriptive data ranking, not an assessment of whether a higher or lower value is preferable.