Countries with the Biggest Stock Markets 2025

Source:  World Bank

Countries with the Biggest Stock Markets 2025

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Key Findings

🏆
Hong Kong leads in Stock Market Value (% of GDP) with 1,425 in 2025.
📊
Average Stock Market Value (% of GDP) in 2025: 212  ·  median: 137.
↔️
Gap in 2025: Hong Kong is 21× larger than Cyprus.

About This Dataset

Countries with the Biggest Stock Markets 2025
Countries ranked by stock market value (% of GDP) in 2025, using World Bank figures for the 66 countries that reported that year. Hong Kong leads on 1,425, ahead of South Africa (327) and India (267). The market value of listed domestic companies as a share of GDP. Where large foreign firms list on a small country's exchange the ratio can far exceed the size of the local economy.
Analysis

Hong Kong (1,425), South Africa (327) and India (267) take the top three. Across the twenty shown, values run from 1,425 down to 68, a spread of 1,357. Most of that spread sits between first and second alone (1,098 of 1,357), so Hong Kong stands apart from the rest of the table. No other country in the table reaches half the leading figure of 1,425. The chart shows the twenty highest of 66 reporting countries, so it describes the top of the distribution rather than the world average.

Data Insights

Numbers, trends & sources behind this chart

Admin
⬡
Data Points
20
20 categories  ·  1 year
↑
Top Value
1,425
Hong Kong
Stock Market Value (% of GDP) · 2025
◈
Metrics
1
Stock Market Value (% of GDP)
◷
Period
2025
Single year snapshot

Methodology & source

Data source
World Bank
Coverage
20 entities · 2025 · 20 observations
Measure
Stock Market Value (% of GDP)
Last updated
6 September 2026
Compiled by
The ANYSTAT team, from the source above
How the figures are calculated
  • Values use the measure and unit named on this page. Consult the dataset description and cited source for coverage, definitions and any unit conversions. Displayed values may be rounded for readability.
  • Entities are ranked highest-first on their value in 2025.

Rankings & Full Data

20 records · Stock Market Value (% of GDP) · ranked by 2025

✓ 20 sourced
# Category 2025 Source
🥇 Hong Kong 1,425
🥈 South Africa 327
🥉 India 267
4 Switzerland 241
5 United States 224
6 Canada 199
7 Saudi Arabia 185
8 Japan 172
9 South Korea 147
10 Singapore 137
11 Chile 136
12 Australia 114
13 Kuwait 109
14 Malaysia 103
15 Thailand 89
16 Qatar 82
17 China 80
18 Luxembourg 69
19 Spain 68
20 Cyprus 68

Data Sources & References

All external sources cited in this dataset

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