GM ECONOMY · INDICATOR PROFILE
Stock Market Capitalization
Listed domestic companies market capitalization as a percentage of GDP.
Country coverage78 / 11468% of active countries
Time coverage1975–20252386 observations
Common ranking year202360 countries · 77%
Data qualityAdequate29 median observations / country
Minimum · 20231.16%
Median · 202340.12%
Maximum · 20231,043.90%
Data quality
Recency and time-series depthGood56latest within 1 year of the series maximum and at least 10 observations
Adequate6latest within 3 years and at least 5 observations
Limited16older or comparatively short series
Indicator metadata
Definition and machine-readable identifiersCountry ranking · 2023
60 comparable countries| Rank | Country | 2023 value | Latest year | Latest value | Observations | Coverage |
|---|---|---|---|---|---|---|
| 1 | Hong Kong | 1,043.90% | 2025 | 1,425.01% | 51 | 1975–2025 |
| 2 | Iran | 450.18% | 2025 | 51.18% | 37 | 1975–2025 |
| 3 | South Africa | 268.93% | 2025 | 327.24% | 51 | 1975–2025 |
| 4 | Saudi Arabia | 247.45% | 2025 | 184.71% | 17 | 2009–2025 |
| 5 | Switzerland | 220.23% | 2025 | 240.94% | 51 | 1975–2025 |
| 6 | United Arab Emirates | 190.23% | 2024 | 190.86% | 18 | 2007–2024 |
| 7 | United States | 176.11% | 2025 | 224.04% | 51 | 1975–2025 |
| 8 | Canada | 141.09% | 2025 | 199.20% | 48 | 1977–2025 |
| 9 | Japan | 140.24% | 2025 | 171.60% | 51 | 1975–2025 |
| 10 | India | 123.97% | 2025 | 266.92% | 26 | 2000–2025 |
| 11 | Singapore | 119.00% | 2025 | 136.51% | 47 | 1979–2025 |
| 12 | South Korea | 106.68% | 2025 | 147.23% | 47 | 1979–2025 |
| 13 | Australia | 103.13% | 2025 | 113.87% | 47 | 1979–2025 |
| 14 | Thailand | 100.50% | 2025 | 88.80% | 37 | 1989–2025 |
| 15 | Malaysia | 94.53% | 2025 | 103.23% | 45 | 1981–2025 |
| 16 | Chile | 85.78% | 2025 | 136.20% | 35 | 1991–2025 |
| 17 | Qatar | 80.54% | 2025 | 82.07% | 15 | 2007–2025 |
| 18 | Kuwait | 79.25% | 2025 | 109.49% | 22 | 1993–2025 |
| 19 | Luxembourg | 60.62% | 2025 | 68.61% | 51 | 1975–2025 |
| 20 | China | 59.86% | 2025 | 79.54% | 23 | 2003–2025 |
| 21 | Indonesia | 55.30% | 2025 | 65.69% | 31 | 1995–2025 |
| 22 | Philippines | 54.10% | 2025 | 47.64% | 30 | 1996–2025 |
| 23 | Israel | 51.52% | 2024 | 61.02% | 46 | 1979–2024 |
| 24 | Germany | 47.74% | 2025 | 57.39% | 51 | 1975–2025 |
| 25 | Spain | 47.52% | 2025 | 68.06% | 50 | 1975–2025 |
| 26 | Brazil | 45.24% | 2025 | 38.22% | 26 | 2000–2025 |
| 27 | Bahrain | 44.61% | 2025 | 43.52% | 28 | 1996–2025 |
| 28 | Morocco | 43.46% | 2025 | 62.51% | 16 | 2010–2025 |
| 29 | Vietnam | 43.30% | 2025 | 61.40% | 18 | 2008–2025 |
| 30 | Jordan | 42.57% | 2025 | 60.65% | 19 | 2007–2025 |
| 31 | New Zealand | 37.67% | 2025 | 39.07% | 39 | 1985–2025 |
| 32 | Greece | 33.47% | 2025 | 45.96% | 25 | 2001–2025 |
| 33 | Mexico | 32.14% | 2025 | 30.58% | 47 | 1975–2025 |
| 34 | Russia | 31.79% | 2023 | 31.79% | 15 | 2009–2023 |
| 35 | Peru | 31.70% | 2025 | 31.41% | 29 | 1997–2025 |
| 36 | Croatia | 29.61% | 2025 | 36.08% | 31 | 1994–2025 |
| 37 | Cyprus | 29.59% | 2025 | 67.74% | 20 | 2006–2025 |
| 38 | Turkey | 29.58% | 2025 | 25.31% | 33 | 1993–2025 |
| 39 | Austria | 26.83% | 2025 | 36.44% | 51 | 1975–2025 |
| 40 | Poland | 26.05% | 2025 | 30.56% | 31 | 1995–2025 |
| 41 | Bangladesh | 25.50% | 2025 | 5.75% | 30 | 1993–2025 |
| 42 | West Bank and Gaza | 24.82% | 2025 | 28.79% | 27 | 1999–2025 |
| 43 | Kazakhstan | 22.56% | 2025 | 51.73% | 25 | 1998–2025 |
| 44 | Oman | 21.94% | 2025 | 37.68% | 31 | 1993–2025 |
| 45 | Colombia | 21.59% | 2025 | 28.97% | 21 | 2005–2025 |
| 46 | Hungary | 18.24% | 2025 | 25.39% | 24 | 2002–2025 |
| 47 | Tunisia | 16.50% | 2025 | 20.84% | 19 | 1995–2025 |
| 48 | Sri Lanka | 15.61% | 2025 | 24.00% | 27 | 1999–2025 |
| 49 | Slovenia | 14.60% | 2025 | 26.03% | 29 | 1997–2025 |
| 50 | Egypt | 14.03% | 2025 | 17.21% | 20 | 2006–2025 |
| 51 | Romania | 13.76% | 2025 | 16.54% | 27 | 1998–2025 |
| 52 | Uzbekistan | 12.76% | 2025 | 16.12% | 6 | 2020–2025 |
| 53 | Czech Republic | 10.04% | 2025 | 14.16% | 24 | 1993–2025 |
| 54 | Pakistan | 9.58% | 2025 | 17.26% | 25 | 1993–2025 |
| 55 | Nigeria | 9.53% | 2025 | 29.90% | 30 | 1993–2025 |
| 56 | Kenya | 8.55% | 2025 | 16.79% | 25 | 1993–2025 |
| 57 | Ghana | 7.71% | 2025 | 14.40% | 26 | 1993–2025 |
| 58 | Bulgaria | 7.67% | 2025 | 8.55% | 26 | 1993–2025 |
| 59 | Azerbaijan | 2.18% | 2025 | 2.07% | 9 | 1998–2025 |
| 60 | Armenia | 1.16% | 2024 | 18.67% | 7 | 2018–2024 |
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.