Ghana vs Nigeria: Stock market capitalization to GDP

Ghana
13.2%
in 2020
Nigeria
13.1%
in 2020
Ghana rank
73rd
Nigeria rank
74th

Stock market capitalization to GDP over time

  • Ghana
  • Nigeria
0102030199320062020

How they compare

Ghana currently reports 13.2% against 13.1% in Nigeria, a difference of 0.1%.

The two have swapped places 5 times across 17 shared years of data; in 1993 it was Nigeria ahead.

Ghana ranks 73rd and Nigeria ranks 74th of 91 countries.

Across the 4 decades both report, Ghana averaged higher in 2 and Nigeria in 2.

Head to head by decade

Decade Ghana Nigeria Difference Ahead
1990s 19.1% 15.1% 3.9% Ghana
2000s 7.1% 13.8% 6.7% Nigeria
2010s 8.5% 11.8% 3.3% Nigeria
2020s 13.2% 13.1% 0.1% Ghana

Averages of every year both report within each decade.

Frequently asked questions

Which has higher stock market capitalization to gdp, Ghana or Nigeria?
Ghana, at 13.2% against 13.1% in Nigeria as of 2020.
What is the difference in stock market capitalization to gdp between Ghana and Nigeria?
0.1%, with Ghana ahead.
How many years of comparable data are there for Ghana and Nigeria?
17 years are reported by both, from 1993 to 2020.
How do Ghana and Nigeria rank globally for stock market capitalization to gdp?
Ghana ranks 73rd and Nigeria ranks 74th 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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Ghana vs Nigeria: Stock market capitalization to GDP. Statizoid, drawing on Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's. Retrieved 14 September 2026, from https://financial-sector.statizoid.com/compare/stock-market-capitalization-to-gdp-percent/ghana/nigeria/

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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).