Countries with the Biggest Stock Markets 2025
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.
Source:
World Bank
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.
Data Insights
Numbers, trends & sources behind this chart
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 are shown as reported by the source. Nothing is rescaled, rebased or converted — the only changes are thousand separators and decimals shown to two places.
- Entities are ranked highest-first on their value in 2025.
Data Sources & References
All external sources cited in this dataset
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