Japan vs Singapore: Stock market capitalization to GDP

Japan
133.3%
in 2020
Singapore
189.0%
in 2020
Japan rank
9th
Singapore rank
7th

Stock market capitalization to GDP over time

  • Japan
  • Singapore
0100200300197519972020

How they compare

Singapore currently reports 189.0% against 133.3% in Japan, a difference of 55.7%.

That makes Singapore's figure about 1.4 times Japan's.

The two have swapped places 4 times across 42 shared years of data; in 1979 it was Singapore ahead.

Japan ranks 9th and Singapore ranks 7th of 91 countries.

Singapore has averaged higher in every one of the 6 decades both report.

Head to head by decade

Decade Japan Singapore Difference Ahead
1970s 27.4% 146.4% 119.0% Singapore
1980s 72.2% 111.8% 39.6% Singapore
1990s 69.9% 145.7% 75.8% Singapore
2000s 71.6% 188.1% 116.6% Singapore
2010s 91.3% 223.0% 131.7% Singapore
2020s 133.3% 189.0% 55.7% Singapore

Averages of every year both report within each decade.

Frequently asked questions

Which has higher stock market capitalization to gdp, Japan or Singapore?
Singapore, at 189.0% against 133.3% in Japan as of 2020.
What is the difference in stock market capitalization to gdp between Japan and Singapore?
55.7%, with Singapore ahead.
How many years of comparable data are there for Japan and Singapore?
42 years are reported by both, from 1979 to 2020.
How do Japan and Singapore rank globally for stock market capitalization to gdp?
Japan ranks 9th and Singapore ranks 7th 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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Japan vs Singapore: 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/japan/singapore/

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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).