Ghana vs Zambia: Stock market capitalization to GDP

Ghana
13.2%
in 2020
Zambia
13.6%
in 2011
Ghana rank
73rd
Zambia rank
72nd

Stock market capitalization to GDP over time

  • Ghana
  • Zambia
0102030199320062020

How they compare

Zambia currently reports 13.6% against 13.2% in Ghana, a difference of 0.4%.

The two have swapped places 1 time across 11 shared years of data; in 1995 it was Ghana ahead.

Ghana ranks 73rd and Zambia ranks 72nd of 91 countries.

Across the 3 decades both report, Ghana averaged higher in 1 and Zambia in 2.

Head to head by decade

Decade Ghana Zambia Difference Ahead
1990s 19.3% 9.0% 10.3% Ghana
2000s 5.7% 20.5% 14.8% Zambia
2010s 7.9% 13.6% 5.7% Zambia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher stock market capitalization to gdp, Ghana or Zambia?
Zambia, at 13.6% against 13.2% in Ghana as of 2011.
What is the difference in stock market capitalization to gdp between Ghana and Zambia?
0.4%, with Zambia ahead.
How many years of comparable data are there for Ghana and Zambia?
11 years are reported by both, from 1995 to 2011.
How do Ghana and Zambia rank globally for stock market capitalization to gdp?
Ghana ranks 73rd and Zambia ranks 72nd 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 Zambia: 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/ghana/zambia/

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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).