Data

Total market capitalization of listed domestic companies as a share of GDP

What you should know about this indicator

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.

Limitations and exceptions: Data cover measures of size (market capitalization, number of listed domestic companies) and liquidity (value of shares traded as a percentage of gross domestic product, value of shares traded as a percentage of market capitalization). The comparability of such data across countries may be limited by conceptual and statistical weaknesses, such as inaccurate reporting and differences in accounting standards.

Statistical concept and methodology: Market capitalization figures include: shares of listed domestic companies; shares of foreign companies which are exclusively listed on an exchange (i.e., the foreign company is not listed on any other exchange); common and preferred shares of domestic companies; and shares without voting rights. Market capitalization figures exclude: collective investment funds ; rights, warrants, ETFs, convertible instruments ; options, futures ; foreign listed shares other than exclusively listed ones; companies whose only business goal is to hold shares of other listed companies, such as holding companies and investment companies, regardless of their legal status; and companies admitted to trading (i.e., companies whose shares are traded at the exchange but not listed at the exchange).

Source
Multiple sources compiled by World Bank (2024) – processed by Our World in Data
Last updated
May 20, 2024
Next expected update
May 2025
Date range
1975–2022
Unit
% of GDP

Sources and processing

This data is based on the following sources

The World Development Indicators (WDI) is the primary World Bank collection of development indicators, compiled from officially-recognized international sources. It presents the most current and accurate global development data available, and includes national, regional and global estimates.

Retrieved on
May 20, 2024
Citation
This is the citation of the original data obtained from the source, prior to any processing or adaptation by Our World in Data. To cite data downloaded from this page, please use the suggested citation given in Reuse This Work below.
World Bank's World Development Indicators (WDI).

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Citations

How to cite this page

To cite this page overall, including any descriptions, FAQs or explanations of the data authored by Our World in Data, please use the following citation:

“Data Page: Total market capitalization of listed domestic companies as a share of GDP”. Our World in Data (2024). Data adapted from World Federation of Exchanges (via World Bank). Retrieved from https://ourworldindata.org/grapher/total-market-capitalization-listed-domestic-companies-share-gdp [online resource]
How to cite this data

In-line citationIf you have limited space (e.g. in data visualizations), you can use this abbreviated in-line citation:

Multiple sources compiled by World Bank (2024) – processed by Our World in Data

Full citation

Multiple sources compiled by World Bank (2024) – processed by Our World in Data. “Total market capitalization of listed domestic companies as a share of GDP” [dataset]. World Federation of Exchanges (via World Bank), “World Development Indicators” [original data]. Retrieved June 13, 2024 from https://ourworldindata.org/grapher/total-market-capitalization-listed-domestic-companies-share-gdp