Stock market total value traded to GDP (%) by country
Total value of all traded shares in a stock market exchange as a percentage of GDP. Following deflation method is use: {(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...
What the numbers show
Stock market total value traded to GDP (%) is currently reported for 97 countries. The highest value is 890.0% in Hong Kong; the lowest is 0.0% in Uruguay.
The median across all reporting countries is 4.0%, and the mean is 39.2%.
Over the past decade 31 countries rose and 65 fell. The largest increase was in Latvia (up 319,558.0%), and the largest decrease in Ukraine (down 100.0%).
Stock market total value traded to GDP: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Hong Kong | 890.0% | 2020 | up 36.8% | volatile |
| 2 | South Korea | 316.9% | 2020 | up 122.5% | volatile |
| 3 | China | 215.0% | 2020 | up 58.5% | volatile |
| 4 | Iran | 199.7% | 2020 | up 5,623.6% | volatile |
| 5 | Switzerland | 173.8% | 2020 | up 19.8% | rising |
| 6 | Japan | 125.7% | 2020 | up 69.6% | volatile |
| 7 | Turkey | 120.6% | 2020 | up 132.5% | volatile |
| 8 | United States | 108.5% | 2019 | down 54.2% | volatile |
| 9 | Thailand | 96.3% | 2020 | up 47.7% | volatile |
| 10 | Finland | 95.6% | 2004 | up 642.6% | volatile |
| 11 | Italy | 95.1% | 2014 | up 90.8% | volatile |
| 12 | Brazil | 94.8% | 2020 | up 130.6% | volatile |
| 13 | Australia | 92.3% | 2020 | down 6.3% | volatile |
| 14 | South Africa | 87.6% | 2020 | up 31.9% | volatile |
| 15 | Iceland | 84.9% | 2004 | up 27,712.8% | volatile |
| 16 | Sweden | 80.4% | 2004 | up 108.2% | volatile |
| 17 | United Kingdom | 76.3% | 2014 | up 14.0% | volatile |
| 18 | Malaysia | 73.8% | 2020 | up 63.9% | volatile |
| 19 | India | 72.9% | 2020 | up 15.2% | falling |
| 20 | Saudi Arabia | 69.0% | 2020 | up 81.2% | volatile |
| 21 | Canada | 61.4% | 2020 | down 29.3% | volatile |
| 22 | France | 54.5% | 2015 | down 5.9% | volatile |
| 23 | Netherlands | 53.4% | 2014 | down 44.1% | volatile |
| 24 | Germany | 47.2% | 2020 | up 7.3% | volatile |
| 25 | Spain | 38.2% | 2020 | down 60.5% | volatile |
| 26 | Singapore | 30.4% | 2019 | down 76.7% | volatile |
| 27 | Denmark | 27.1% | 2004 | up 64.2% | volatile |
| 28 | Israel | 25.7% | 2020 | down 44.3% | volatile |
| 29 | Norway | 25.1% | 2019 | down 53.3% | volatile |
| 30 | Portugal | 20.4% | 2014 | up 3.9% | volatile |
| 31 | Belgium | 20.0% | 2014 | down 1.5% | volatile |
| 32 | Russia | 18.6% | 2020 | down 44.1% | volatile |
| 33 | Vietnam | 16.6% | 2020 | down 21.0% | falling |
| 34 | Qatar | 16.0% | 2020 | up 9.1% | volatile |
| 35 | Chile | 15.7% | 2020 | down 41.1% | volatile |
| 36 | Poland | 14.0% | 2020 | down 3.4% | volatile |
| 37 | Kuwait | 12.4% | 2020 | down 10.5% | volatile |
| 38 | Indonesia | 12.4% | 2020 | down 10.4% | rising |
| 39 | New Zealand | 10.5% | 2020 | up 701.8% | volatile |
| 40 | United Arab Emirates | 10.5% | 2020 | up 9.3% | volatile |
| 41 | Austria | 9.2% | 2020 | down 26.3% | volatile |
| 42 | Philippines | 9.0% | 2020 | down 15.2% | volatile |
| 43 | Greece | 8.7% | 2020 | down 36.2% | volatile |
| 44 | Ireland | 8.3% | 2018 | up 30.7% | volatile |
| 45 | Mexico | 7.6% | 2020 | down 27.6% | volatile |
| 46 | Estonia | 7.4% | 2004 | down 39.2% | falling |
| 47 | Hungary | 7.2% | 2020 | down 64.0% | volatile |
| 48 | Egypt | 4.4% | 2020 | down 74.1% | volatile |
| 49 | Bangladesh | 4.0% | 2020 | down 4.9% | volatile |
| 50 | Colombia | 3.7% | 2020 | down 53.3% | volatile |
| 51 | Jordan | 3.4% | 2020 | down 89.4% | volatile |
| 52 | Morocco | 3.1% | 2020 | down 51.9% | volatile |
| 53 | Zimbabwe | 2.9% | 1999 | up 283.5% | rising |
| 54 | Mauritius | 2.8% | 2020 | down 22.1% | rising |
| 55 | Sri Lanka | 2.1% | 2020 | down 76.0% | volatile |
| 56 | Tunisia | 1.8% | 2014 | — | volatile |
| 57 | Czechia | 1.7% | 2020 | down 83.7% | volatile |
| 58 | Bahrain | 1.7% | 2020 | up 52.7% | volatile |
| 59 | Oman | 1.4% | 2020 | down 72.4% | volatile |
| 60 | Palestine | 1.2% | 2020 | down 68.3% | volatile |
| 61 | Romania | 1.2% | 2020 | up 16.5% | rising |
| 62 | Latvia | 1.1% | 2004 | up 319,558.0% | volatile |
| 63 | Montenegro | 1.1% | 2012 | down 89.0% | volatile |
| 64 | Peru | 1.0% | 2020 | down 61.3% | volatile |
| 65 | Lebanon | 0.9% | 2020 | down 81.7% | volatile |
| 66 | Slovenia | 0.9% | 2020 | down 14.1% | volatile |
| 67 | Botswana | 0.7% | 1999 | down 5.0% | rising |
| 68 | Nigeria | 0.6% | 2020 | down 59.4% | volatile |
| 69 | Argentina | 0.6% | 2020 | down 6.7% | volatile |
| 70 | Serbia | 0.6% | 2012 | down 19.5% | volatile |
| 71 | Croatia | 0.5% | 2019 | down 77.2% | volatile |
| 72 | Kenya | 0.5% | 2020 | down 72.5% | volatile |
| 73 | Malta | 0.5% | 2020 | down 10.6% | volatile |
| 74 | Panama | 0.4% | 2020 | up 68.5% | volatile |
| 75 | Namibia | 0.3% | 2020 | up 94.9% | volatile |
| 76 | Jamaica | 0.3% | 2020 | down 81.6% | volatile |
| 77 | Bermuda | 0.3% | 2019 | down 34.2% | volatile |
| 78 | Bulgaria | 0.3% | 2020 | down 59.1% | volatile |
| 79 | Cote d'Ivoire | 0.3% | 2020 | down 57.6% | volatile |
| 80 | Kazakhstan | 0.2% | 2020 | down 35.7% | volatile |
| 81 | Pakistan | 0.2% | 2014 | down 99.8% | volatile |
| 82 | Cyprus | 0.2% | 2020 | down 94.5% | volatile |
| 83 | Barbados | 0.1% | 2020 | down 82.0% | volatile |
| 84 | Paraguay | 0.1% | 2002 | down 38.3% | falling |
| 85 | Eswatini | 0.1% | 2007 | down 99.5% | volatile |
| 86 | Venezuela | 0.1% | 2002 | down 96.4% | volatile |
| 87 | Zambia | 0.1% | 2012 | down 40.1% | volatile |
| 88 | Luxembourg | 0.1% | 2020 | down 79.4% | volatile |
| 89 | Costa Rica | 0.0% | 2020 | down 55.6% | volatile |
| 90 | Ghana | 0.0% | 2020 | down 85.3% | volatile |
| 91 | Ecuador | 0.0% | 2002 | down 85.3% | volatile |
| 92 | Cayman Islands | 0.0% | 2020 | down 3.7% | volatile |
| 93 | Slovakia | 0.0% | 2014 | down 99.2% | volatile |
| 94 | Belarus | 0.0% | 2020 | down 69.1% | falling |
| 95 | Papua New Guinea | 0.0% | 2017 | down 99.3% | volatile |
| 96 | Ukraine | 0.0% | 2019 | down 100.0% | volatile |
| 97 | Uruguay | 0.0% | 1999 | down 99.0% | volatile |
About this data
Total value of all traded shares in a stock market exchange as a percentage of GDP. Following deflation method is use: {(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).