Panama vs Portugal: Stock market capitalization to GDP

Panama
25.8%
in 2020
Portugal
25.6%
in 2018
Panama rank
57th
Portugal rank
58th

Stock market capitalization to GDP over time

  • Panama
  • Portugal
0204060199320062020

How they compare

Panama currently reports 25.8% against 25.6% in Portugal, a difference of 0.2%.

The two have swapped places 8 times across 22 shared years of data; in 1997 it was Portugal ahead.

Panama ranks 57th and Portugal ranks 58th of 91 countries.

Portugal has averaged higher in every one of the 3 decades both report.

Head to head by decade

Decade Panama Portugal Difference Ahead
1990s 27.4% 45.8% 18.5% Portugal
2000s 28.5% 39.9% 11.4% Portugal
2010s 26.8% 29.7% 2.9% Portugal

Averages of every year both report within each decade.

Frequently asked questions

Which has higher stock market capitalization to gdp, Panama or Portugal?
Panama, at 25.8% against 25.6% in Portugal as of 2020.
What is the difference in stock market capitalization to gdp between Panama and Portugal?
0.2%, with Panama ahead.
How many years of comparable data are there for Panama and Portugal?
22 years are reported by both, from 1997 to 2018.
How do Panama and Portugal rank globally for stock market capitalization to gdp?
Panama ranks 57th and Portugal ranks 58th 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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Panama vs Portugal: Stock market capitalization to GDP. Statizoid, drawing on Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's. Retrieved 13 September 2026, from https://financial-sector.statizoid.com/compare/stock-market-capitalization-to-gdp-percent/panama/portugal/

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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).