Kazakhstan vs Panama: Stock market capitalization to GDP

Kazakhstan
26.4%
in 2020
Panama
25.8%
in 2020
Kazakhstan rank
55th
Panama rank
57th

Stock market capitalization to GDP over time

  • Kazakhstan
  • Panama
01020304050199320062020

How they compare

Kazakhstan currently reports 26.4% against 25.8% in Panama, a difference of 0.6%.

The two have swapped places 5 times across 20 shared years of data; in 1998 it was Panama ahead.

Kazakhstan ranks 55th and Panama ranks 57th of 91 countries.

Across the 4 decades both report, Kazakhstan averaged higher in 1 and Panama in 3.

Head to head by decade

Decade Kazakhstan Panama Difference Ahead
1990s 7.7% 33.0% 25.3% Panama
2000s 22.0% 30.2% 8.2% Panama
2010s 18.3% 26.7% 8.4% Panama
2020s 26.4% 25.8% 0.6% Kazakhstan

Averages of every year both report within each decade.

Frequently asked questions

Which has higher stock market capitalization to gdp, Kazakhstan or Panama?
Kazakhstan, at 26.4% against 25.8% in Panama as of 2020.
What is the difference in stock market capitalization to gdp between Kazakhstan and Panama?
0.6%, with Kazakhstan ahead.
How many years of comparable data are there for Kazakhstan and Panama?
20 years are reported by both, from 1998 to 2020.
How do Kazakhstan and Panama rank globally for stock market capitalization to gdp?
Kazakhstan ranks 55th and Panama ranks 57th 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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Kazakhstan vs Panama: Stock market capitalization to GDP. Statizoid, drawing on Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's. Retrieved 10 September 2026, from https://financial-sector.statizoid.com/compare/stock-market-capitalization-to-gdp-percent/kazakhstan/panama/

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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).