Belgium vs Spain: Stock market capitalization to GDP

Belgium
59.1%
in 2018
Spain
59.2%
in 2020
Belgium rank
36th
Spain rank
35th

Stock market capitalization to GDP over time

  • Belgium
  • Spain
0255075100125197519972020

How they compare

Spain currently reports 59.2% against 59.1% in Belgium, a difference of 0.1%.

The two have swapped places 5 times across 43 shared years of data; in 1975 it was Spain ahead.

Belgium ranks 36th and Spain ranks 35th of 91 countries.

Across the 5 decades both report, Belgium averaged higher in 2 and Spain in 3.

Head to head by decade

Decade Belgium Spain Difference Ahead
1970s 12.8% 17.1% 4.3% Spain
1980s 21.7% 14.1% 7.6% Belgium
1990s 46.0% 36.7% 9.3% Belgium
2000s 66.5% 85.7% 19.2% Spain
2010s 68.6% 69.3% 0.7% Spain

Averages of every year both report within each decade.

Frequently asked questions

Which has higher stock market capitalization to gdp, Belgium or Spain?
Spain, at 59.2% against 59.1% in Belgium as of 2020.
What is the difference in stock market capitalization to gdp between Belgium and Spain?
0.1%, with Spain ahead.
How many years of comparable data are there for Belgium and Spain?
43 years are reported by both, from 1975 to 2018.
How do Belgium and Spain rank globally for stock market capitalization to gdp?
Belgium ranks 36th and Spain ranks 35th of 91 countries.
Where does this data come from?
Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's, published as Stock market capitalization to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Belgium vs Spain: Stock market capitalization to GDP. Statizoid, drawing on Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's. Retrieved 08 September 2026, from https://financial-sector.statizoid.com/compare/stock-market-capitalization-to-gdp-percent/belgium/spain/

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About this data

Indicator
Stock market capitalization to GDP (%)
Unit
%
Source
Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
91 places, 2,329 data points, 1975–2020
Last refreshed

Value of listed shares to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is stock market capitalization, P_e is end-of period CPI, and P_a is average annual CPI. End-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF) and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).