Which has higher stock market capitalization to gdp, Bulgaria or Lebanon?

Lebanon, at 25.8% against 25.3% in Bulgaria as of 2020.

How many years of comparable data are there for Bulgaria and Lebanon?

17 years are reported by both, from 1996 to 2020.

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.

Bulgaria vs Lebanon: Stock market capitalization to GDP

Bulgaria

25.3%

in 2020

Lebanon

25.8%

in 2020

Bulgaria rank

59th

Lebanon rank

56th

Stock market capitalization to GDP over time

Bulgaria
Lebanon

How they compare

Lebanon currently reports 25.8% against 25.3% in Bulgaria, a difference of 0.5%.

The two have swapped places 6 times across 17 shared years of data; in 1996 it was Lebanon ahead.

Bulgaria ranks 59th and Lebanon ranks 56th of 91 countries.

Lebanon has averaged higher in every one of the 4 decades both report.

Head to head by decade

Decade	Bulgaria	Lebanon	Difference	Ahead
1990s	0.6%	14.1%	13.5%	Lebanon
2000s	15.4%	21.2%	5.8%	Lebanon
2010s	17.4%	23.6%	6.2%	Lebanon
2020s	25.3%	25.8%	0.5%	Lebanon

Averages of every year both report within each decade.

Frequently asked questions

Which has higher stock market capitalization to gdp, Bulgaria or Lebanon?: Lebanon, at 25.8% against 25.3% in Bulgaria as of 2020.
What is the difference in stock market capitalization to gdp between Bulgaria and Lebanon?: 0.5%, with Lebanon ahead.
How many years of comparable data are there for Bulgaria and Lebanon?: 17 years are reported by both, from 1996 to 2020.
How do Bulgaria and Lebanon rank globally for stock market capitalization to gdp?: Bulgaria ranks 59th and Lebanon ranks 56th 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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Bulgaria vs Lebanon: Stock market capitalization to GDP. Statizoid, drawing on Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's. Retrieved 12 September 2026, from https://financial-sector.statizoid.com/compare/stock-market-capitalization-to-gdp-percent/bulgaria/lebanon/

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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: 04 September 2026

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).