Market capitalization of listed domestic companies in Sub-Saharan Africa

Sub-Saharan Africa: Market capitalization of listed domestic companies was 89.8% in 2020. ▲ Rising

Latest (2020)
89.8%
Change on year
up 8.0%
Rank
15th
of 37 groups
All-time high
98.8%
in 1994
All-time low
43.1%
in 1998
Years of data
9
1993–2020

Market capitalization of listed domestic companies in Sub-Saharan Africa, 1993–2020

0204060801001993200620201993: 91.5 % of GDP1994: 98.8 % of GDP1995: 80.6 % of GDP1996: 64 % of GDP1997: 60.1 % of GDP1998: 43.1 % of GDP1999: 98.4 % of GDP2019: 83.1 % of GDP2020: 89.8 % of GDP

Source: World Federation of Exchanges database, World Federation of Exchanges (WFE). Measured in % of GDP.

Analysis

Sub-Saharan Africa recorded 89.8% for market capitalization of listed domestic companies in 2020.

Compared with earlier readings it is up 8.0% on the previous year.

Over the whole period, market capitalization of listed domestic companies in Sub-Saharan Africa peaked at 98.8% in 1994 and was at its lowest, 43.1%, in 1998.

That places Sub-Saharan Africa 15th out of 37 groups with data for 2020, putting it in the middle of the range.

Market capitalization of listed domestic companies in Sub-Saharan Africa, year by year

Annual values for Market capitalization of listed domestic companies (% of GDP) in Sub-Saharan Africa, 1993 to 2020.
Year % of GDP Change
1993 91.5%
1994 98.8% +8.0%
1995 80.6% -18.4%
1996 64.0% -20.6%
1997 60.1% -6.2%
1998 43.1% -28.2%
1999 98.4% +128.3%
2019 83.1% -15.6%
2020 89.8% +8.0%

Averages by decade

DecadeAverage LowestHighest Years
1990s 76.6% 43.1% 98.8% 7
2010s 83.1% 83.1% 83.1% 1
2020s 89.8% 89.8% 89.8% 1

Countries ranked near Sub-Saharan Africa

  1. 12 Chile 136.2% compare
  2. 13 Netherlands 129.7% compare
  3. 14 Australia 113.9% compare
  4. 15 Kuwait 109.5% compare
  5. 16 Malaysia 103.2% compare
  6. 17 United Kingdom 97.3% compare
  7. 18 Thailand 88.8% compare

See the full ranking of 137 places →

More financial sector data for Sub-Saharan Africa

All data for Sub-Saharan Africa →

Frequently asked questions

What is market capitalization of listed domestic companies in Sub-Saharan Africa?
Market capitalization of listed domestic companies in Sub-Saharan Africa was 89.8% in 2020, according to World Federation of Exchanges database, World Federation of Exchanges (WFE).
What is the highest market capitalization of listed domestic companies recorded in Sub-Saharan Africa?
The highest recorded value was 98.8% in 1994.
What is the lowest market capitalization of listed domestic companies recorded in Sub-Saharan Africa?
The lowest recorded value was 43.1% in 1998.
How does Sub-Saharan Africa rank for market capitalization of listed domestic companies?
Sub-Saharan Africa ranks 15th out of 37 groups with data for 2020.
Where does this Sub-Saharan Africa 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 (% of GDP). Statizoid updates them automatically from the source API.

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Market capitalization of listed domestic companies in Sub-Saharan Africa. 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-percent-of-gdp/sub-saharan-africa/

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About this data

Indicator
Market capitalization of listed domestic companies (% of GDP)
Unit
% of GDP
Source
World Federation of Exchanges database, World Federation of Exchanges (WFE)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
137 places, 3,765 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.