Based on a comparison of 74 countries in 2024, Hong Kong ranked the highest in market capitalisation of listed companies as of GDP with 1,118% followed by South Africa and Saudi Arabia. On the other end of the scale was Qatar with 0.078%, Azerbaijan with 2.20% and Costa Rica with 3.22%.
Average market capitalisation of listed companies as of GDP reached 130% in 2024 in the World according to OECD. This is 19.5 % more than in the previous year and 47.6 % more than 10 years ago.
Historically, average market capitalisation of listed companies as of GDP reached an all time high of 132% in 2020 and an all time low of 23.1% in 1978. The average annual growth amounted to 3.25 % since 1975.
Data for more countries are available at Market Capitalisation of Listed Companies (As % of GDP) indicator page.
Market Capitalisation of Listed Companies (As % of GDP) | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
Australia | % | 88.4% | 107% | 130% | 121% | 99.3% | ||||||||||||||||
Canada | % | 112% | 138% | 160% | 163% | 126% | ||||||||||||||||
Hong Kong | % | 1,056% | 1,349% | 1,777% | 1,473% | 1,273% | ||||||||||||||||
India | % | 153% | 76.3% | 95.4% | 112% | 101% | ||||||||||||||||
Japan | % | 105% | 121% | 133% | 130% | 126% | ||||||||||||||||
Malaysia | % | 111% | 111% | 129% | 111% | 93.5% | ||||||||||||||||
Saudi Arabia | % | 56.0% | 271% | 316% | 272% | 213% | ||||||||||||||||
Singapore | % | 182% | 185% | 187% | 152% | 122% | ||||||||||||||||
South Africa | % | 214% | 271% | 311% | 272% | 288% | ||||||||||||||||
South Korea | % | 81.9% | 89.9% | 132% | 122% | 98.2% | ... | |||||||||||||||
Switzerland | % | 199% | 254% | 270% | 285% | 221% | ||||||||||||||||
Thailand | % | 98.8% | 105% | 109% | 118% | 122% | ||||||||||||||||
USA | % | 147% | 158% | 195% | 205% | 155% | ||||||||||||||||
United Arab Emirates | % | 54.2% | 59.0% | 84.4% | 134% | 174% | ||||||||||||||||
United Kingdom | % | ... | ... | ... | ... | ... | ... | 121% | 99.4% | ... | ... |