Market capitalization of listed domestic companies in Middle East, North Africa, Afghanistan & Pakistan

Middle East, North Africa, Afghanistan & Pakistan: Market capitalization of listed domestic companies was 4.37 trillion current US$ in 2025. ◆ Volatile

Latest (2025)
4.37 trillion current US$
Change on year
down 10.0%
Rank
22nd
of 37 groups
All-time high
6.87 trillion current US$
in 2023
All-time low
912.21 billion current US$
in 2012
Years of data
17
2009–2025

Market capitalization of listed domestic companies in Middle East, North Africa, Afghanistan & Pakistan, 2009–2025

02.0T4.0T6.0T2009201720252009: 917.9B current US$2010: 1.1T current US$2011: 933.9B current US$2012: 912.2B current US$2013: 1.6T current US$2014: 1.4T current US$2015: 1.4T current US$2016: 1.3T current US$2017: 1.4T current US$2018: 1.5T current US$2019: 3.8T current US$2020: 5.0T current US$2021: 5.7T current US$2022: 5.9T current US$2023: 6.9T current US$2024: 4.9T current US$2025: 4.4T current US$

Source: World Federation of Exchanges database, World Federation of Exchanges (WFE). Measured in current US$.

Analysis

In 2025, market capitalization of listed domestic companies in Middle East, North Africa, Afghanistan & Pakistan stood at 4.37 trillion current US$.

The figure is down 10.0% on the previous year and up 211.6% over ten years.

Over the whole period, market capitalization of listed domestic companies in Middle East, North Africa, Afghanistan & Pakistan peaked at 6.87 trillion current US$ in 2023 and was at its lowest, 912.21 billion current US$, in 2012.

That places Middle East, North Africa, Afghanistan & Pakistan 22nd out of 37 groups with data for 2025, putting it in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Market capitalization of listed domestic companies in Middle East, North Africa, Afghanistan & Pakistan, year by year

Annual values for Market capitalization of listed domestic companies (current US$) in Middle East, North Africa, Afghanistan & Pakistan, 2009 to 2025.
Year current US$ Change
2009 917.94 billion current US$
2010 1.10 trillion current US$ +19.8%
2011 933.89 billion current US$ -15.1%
2012 912.21 billion current US$ -2.3%
2013 1.55 trillion current US$ +70.4%
2014 1.42 trillion current US$ -8.4%
2015 1.40 trillion current US$ -1.3%
2016 1.32 trillion current US$ -6.1%
2017 1.36 trillion current US$ +3.3%
2018 1.50 trillion current US$ +10.0%
2019 3.81 trillion current US$ +154.3%
2020 5.04 trillion current US$ +32.3%
2021 5.68 trillion current US$ +12.8%
2022 5.93 trillion current US$ +4.4%
2023 6.87 trillion current US$ +15.9%
2024 4.86 trillion current US$ -29.3%
2025 4.37 trillion current US$ -10.0%

Biggest year-on-year movements

Years where Market capitalization of listed domestic companies in Middle East, North Africa, Afghanistan & Pakistan changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
2019 +154.3% 1.50 trillion current US$ 3.81 trillion current US$

Averages by decade

DecadeAverage LowestHighest Years
2000s 917.94 billion current US$ 917.94 billion current US$ 917.94 billion current US$ 1
2010s 1.53 trillion current US$ 912.21 billion current US$ 3.81 trillion current US$ 10
2020s 5.46 trillion current US$ 4.37 trillion current US$ 6.87 trillion current US$ 6

Countries ranked near Middle East, North Africa, Afghanistan & Pakistan

  1. 19 Brazil 871.44 billion current US$ compare
  2. 20 Singapore 824.34 billion current US$ compare
  3. 21 Russia 650.49 billion current US$ compare
  4. 22 Italy 587.31 billion current US$ compare
  5. 23 Mexico 560.41 billion current US$ compare
  6. 24 Thailand 512.38 billion current US$ compare
  7. 25 Malaysia 487.45 billion current US$ compare

See the full ranking of 137 places →

More financial sector data for Middle East, North Africa, Afghanistan & Pakistan

All data for Middle East, North Africa, Afghanistan & Pakistan →

Frequently asked questions

What is market capitalization of listed domestic companies in Middle East, North Africa, Afghanistan & Pakistan?
Market capitalization of listed domestic companies in Middle East, North Africa, Afghanistan & Pakistan was 4.37 trillion current US$ in 2025, according to World Federation of Exchanges database, World Federation of Exchanges (WFE).
What is the highest market capitalization of listed domestic companies recorded in Middle East, North Africa, Afghanistan & Pakistan?
The highest recorded value was 6.87 trillion current US$ in 2023.
What is the lowest market capitalization of listed domestic companies recorded in Middle East, North Africa, Afghanistan & Pakistan?
The lowest recorded value was 912.21 billion current US$ in 2012.
How does Middle East, North Africa, Afghanistan & Pakistan rank for market capitalization of listed domestic companies?
Middle East, North Africa, Afghanistan & Pakistan ranks 22nd out of 37 groups with data for 2025.
Is market capitalization of listed domestic companies rising or falling in Middle East, North Africa, Afghanistan & Pakistan?
Over the last ten years it is up 211.6%. The long-run trend across the full record is volatile.
Where does this Middle East, North Africa, Afghanistan & Pakistan data come from?
The figures come from World Federation of Exchanges database, World Federation of Exchanges (WFE), published as part of Market capitalization of listed domestic companies (current US$). Statizoid updates them automatically from the source API.

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Market capitalization of listed domestic companies in Middle East, North Africa, Afghanistan & Pakistan. Statizoid, drawing on World Federation of Exchanges database, World Federation of Exchanges (WFE). Retrieved 18 September 2026, from https://financial-sector.statizoid.com/stat/market-capitalization-of-listed-domestic-companies-current-us/middle-east-north-africa-afghanistan-and-pakistan/

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About this data

Indicator
Market capitalization of listed domestic companies (current US$)
Unit
current US$
Source
World Federation of Exchanges database, World Federation of Exchanges (WFE)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
137 places, 3,776 data points, 1975–2025
Last refreshed

Market capitalization (also known as market value) is the share price times the number of shares outstanding (including their several classes) for listed domestic companies. Investment funds, unit trusts, and companies whose only business goal is to hold shares of other listed companies are excluded. Data are end of year values converted to U.S. dollars using corresponding year-end foreign exchange rates.