Stocks traded, total value (% of GDP)

Mozambique

iso2Code: MZ

iso2code: ZG

value: Sub-Saharan Africa

iso2code: ZF

value: Sub-Saharan Africa (excluding high income)

iso2code: XM

value: Low income

iso2code: XI

value: IDA

capitalCity: Maputo

country_code: MOZ

country_name: Mozambique

value: Stock market data were previously sourced from Standard & Poor's until they discontinued their "Global Stock Markets Factbook" and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.

value: 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. Only EOB trades are included in the total value of shares traded.

value: Annual

value: The value of shares traded represent the transfer of ownership effected automatically through the exchange's electronic order book (EOB), where orders placed by trading members are usually exposed to all market users and automatically matched according to precise rules set up by the exchange, generally on a price/time priority basis. For data before 2001, the WFE used two different approaches for the collection of trading data, depending on the individual stock exchange's market organization and rules. The first approach is the Trading System View (TSV). Stock exchanges adopting this view count only those transactions which pass through their trading system or trading floor. The TSV is generally adopted by exchanges which operate a centralized order book (order-driven market). Trades done by their members off the exchange are not included. The second approach is the Regulated Environment View (REV). Stock exchanges in this category include all transactions subject to supervision by the market authority, including transactions made by members, and sometimes non-members, on outside trading systems and transactions into foreign markets. Figures reported under the REV approach will be higher than those reported under the TSV approach.


value: World Development Indicators

sourceNone: The value of shares traded is the total number of shares traded, both domestic and foreign, multiplied by their respective matching prices. Figures are single counted (only one side of the transaction is considered). Companies admitted to listing and admitted to trading are included in the data. Data are end of year values.

value: Financial Sector

Mauritania

iso2Code: MR

iso2code: XN

value: Lower middle income

capitalCity: Nouakchott

country_code: MRT

country_name: Mauritania

value: Weighted average

value: Stocks traded, total value (% of GDP)

value: CC BY-4.0

value: World Federation of Exchanges database.

value: Financial Sector: Capital markets

value:
Stock market size can be measured in various ways, and each may produce a different ranking of countries.

The development of an economy's financial markets is closely related to its overall development. Well-functioning financial systems provide good and easily accessible information which can lower transaction costs and subsequently improve resource allocation and boosts economic growth. Both banking systems and stock markets enhance growth, the main factor in poverty reduction. At low levels of economic development commercial banks tend to dominate the financial system, while at higher levels domestic stock markets tend to become more active and efficient relative to domestic banks.

Open economies with sound macroeconomic policies, good legal systems, and shareholder protection attract capital and therefore have larger financial markets. Recent research on stock market development shows that modern communications technology and increased financial integration have resulted in more cross-border capital flows, a stronger presence of financial firms around the world, and the migration of stock exchange activities to international exchanges. Many firms in emerging markets now cross-list on international exchanges, which provides them with lower cost capital and more liquidity-traded shares. However, this also means that exchanges in emerging markets may not have enough financial activity to sustain them, putting pressure on them to rethink their operations.

schema: wb


Stocks traded, total value (% of GDP)

Mauritius

iso2Code: MU

value: Sub-Saharan Africa

iso2code: XT

value: Upper middle income

iso2code: XF

value: IBRD

capitalCity: Port Louis

country_code: MUS

country_name: Mauritius

value: The value of shares traded is the total number of shares traded, both domestic and foreign, multiplied by their respective matching prices. Figures are single counted (only one side of the transaction is considered). Companies admitted to listing and admitted to trading are included in the data. Data are end of year values.


Malawi

iso2Code: MW

value: Sub-Saharan Africa (excluding high income)

value: Low income

value: IDA

capitalCity: Lilongwe

country_code: MWI

country_name: Malawi

value: Stock market data were previously sourced from Standard & Poor's until they discontinued their "Global Stock Markets Factbook" and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.


Stocks traded, total value (% of GDP)

value: World Development Indicators

Malaysia

iso2Code: MY

value: East Asia & Pacific

value: East Asia & Pacific (excluding high income)

capitalCity: Kuala Lumpur

country_code: MYS

country_name: Malaysia

value: 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. Only EOB trades are included in the total value of shares traded.

value: Annual

value: The value of shares traded represent the transfer of ownership effected automatically through the exchange's electronic order book (EOB), where orders placed by trading members are usually exposed to all market users and automatically matched according to precise rules set up by the exchange, generally on a price/time priority basis. For data before 2001, the WFE used two different approaches for the collection of trading data, depending on the individual stock exchange's market organization and rules. The first approach is the Trading System View (TSV). Stock exchanges adopting this view count only those transactions which pass through their trading system or trading floor. The TSV is generally adopted by exchanges which operate a centralized order book (order-driven market). Trades done by their members off the exchange are not included. The second approach is the Regulated Environment View (REV). Stock exchanges in this category include all transactions subject to supervision by the market authority, including transactions made by members, and sometimes non-members, on outside trading systems and transactions into foreign markets. Figures reported under the REV approach will be higher than those reported under the TSV approach.


value: Financial Sector

North America

iso2Code: XU

value: Aggregates

country_code: NAC

country_name: North America

value: Weighted average

value: Stocks traded, total value (% of GDP)

value: CC BY-4.0

value: World Federation of Exchanges database.


Stocks traded, total value (% of GDP)

Namibia

value: Sub-Saharan Africa

value: Upper middle income

value: IBRD

capitalCity: Windhoek

country_code: NAM

country_name: Namibia

value: The value of shares traded is the total number of shares traded, both domestic and foreign, multiplied by their respective matching prices. Figures are single counted (only one side of the transaction is considered). Companies admitted to listing and admitted to trading are included in the data. Data are end of year values.

value: Financial Sector: Capital markets

value:
Stock market size can be measured in various ways, and each may produce a different ranking of countries.

The development of an economy's financial markets is closely related to its overall development. Well-functioning financial systems provide good and easily accessible information which can lower transaction costs and subsequently improve resource allocation and boosts economic growth. Both banking systems and stock markets enhance growth, the main factor in poverty reduction. At low levels of economic development commercial banks tend to dominate the financial system, while at higher levels domestic stock markets tend to become more active and efficient relative to domestic banks.

Open economies with sound macroeconomic policies, good legal systems, and shareholder protection attract capital and therefore have larger financial markets. Recent research on stock market development shows that modern communications technology and increased financial integration have resulted in more cross-border capital flows, a stronger presence of financial firms around the world, and the migration of stock exchange activities to international exchanges. Many firms in emerging markets now cross-list on international exchanges, which provides them with lower cost capital and more liquidity-traded shares. However, this also means that exchanges in emerging markets may not have enough financial activity to sustain them, putting pressure on them to rethink their operations.


value: World Development Indicators

New Caledonia

iso2Code: NC

value: East Asia & Pacific

iso2code: XD

value: High income

iso2code: XX

value: Not classified

capitalCity: Noum'ea

country_code: NCL

country_name: New Caledonia

value: Stock market data were previously sourced from Standard & Poor's until they discontinued their "Global Stock Markets Factbook" and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.


Stocks traded, total value (% of GDP)

value: Financial Sector

Niger

iso2Code: NE

value: Sub-Saharan Africa (excluding high income)

value: Low income

value: IDA

capitalCity: Niamey

country_code: NER

country_name: Niger

value: 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. Only EOB trades are included in the total value of shares traded.

value: Annual

value: The value of shares traded represent the transfer of ownership effected automatically through the exchange's electronic order book (EOB), where orders placed by trading members are usually exposed to all market users and automatically matched according to precise rules set up by the exchange, generally on a price/time priority basis. For data before 2001, the WFE used two different approaches for the collection of trading data, depending on the individual stock exchange's market organization and rules. The first approach is the Trading System View (TSV). Stock exchanges adopting this view count only those transactions which pass through their trading system or trading floor. The TSV is generally adopted by exchanges which operate a centralized order book (order-driven market). Trades done by their members off the exchange are not included. The second approach is the Regulated Environment View (REV). Stock exchanges in this category include all transactions subject to supervision by the market authority, including transactions made by members, and sometimes non-members, on outside trading systems and transactions into foreign markets. Figures reported under the REV approach will be higher than those reported under the TSV approach.


Nigeria

iso2Code: NG

value: Sub-Saharan Africa

value: Lower middle income

iso2code: XH

value: Blend

capitalCity: Abuja

country_code: NGA

country_name: Nigeria

value: Weighted average

value: Stocks traded, total value (% of GDP)

value: CC BY-4.0

value: World Federation of Exchanges database.


Stocks traded, total value (% of GDP)

value: World Development Indicators

Nicaragua

iso2Code: NI

iso2code: ZJ

value: Latin America & Caribbean

iso2code: XJ

value: Latin America & Caribbean (excluding high income)

capitalCity: Managua

country_code: NIC

country_name: Nicaragua

value: The value of shares traded is the total number of shares traded, both domestic and foreign, multiplied by their respective matching prices. Figures are single counted (only one side of the transaction is considered). Companies admitted to listing and admitted to trading are included in the data. Data are end of year values.

value: Financial Sector: Capital markets

value:
Stock market size can be measured in various ways, and each may produce a different ranking of countries.

The development of an economy's financial markets is closely related to its overall development. Well-functioning financial systems provide good and easily accessible information which can lower transaction costs and subsequently improve resource allocation and boosts economic growth. Both banking systems and stock markets enhance growth, the main factor in poverty reduction. At low levels of economic development commercial banks tend to dominate the financial system, while at higher levels domestic stock markets tend to become more active and efficient relative to domestic banks.

Open economies with sound macroeconomic policies, good legal systems, and shareholder protection attract capital and therefore have larger financial markets. Recent research on stock market development shows that modern communications technology and increased financial integration have resulted in more cross-border capital flows, a stronger presence of financial firms around the world, and the migration of stock exchange activities to international exchanges. Many firms in emerging markets now cross-list on international exchanges, which provides them with lower cost capital and more liquidity-traded shares. However, this also means that exchanges in emerging markets may not have enough financial activity to sustain them, putting pressure on them to rethink their operations.


value: Financial Sector

Netherlands

iso2Code: NL

value: Europe & Central Asia

value: High income

value: Not classified

capitalCity: Amsterdam

country_code: NLD

country_name: Netherlands

value: Stock market data were previously sourced from Standard & Poor's until they discontinued their "Global Stock Markets Factbook" and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.


Stocks traded, total value (% of GDP)

Norway

iso2Code: NO

capitalCity: Oslo

country_code: NOR

country_name: Norway

value: 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. Only EOB trades are included in the total value of shares traded.

value: Annual

value: The value of shares traded represent the transfer of ownership effected automatically through the exchange's electronic order book (EOB), where orders placed by trading members are usually exposed to all market users and automatically matched according to precise rules set up by the exchange, generally on a price/time priority basis. For data before 2001, the WFE used two different approaches for the collection of trading data, depending on the individual stock exchange's market organization and rules. The first approach is the Trading System View (TSV). Stock exchanges adopting this view count only those transactions which pass through their trading system or trading floor. The TSV is generally adopted by exchanges which operate a centralized order book (order-driven market). Trades done by their members off the exchange are not included. The second approach is the Regulated Environment View (REV). Stock exchanges in this category include all transactions subject to supervision by the market authority, including transactions made by members, and sometimes non-members, on outside trading systems and transactions into foreign markets. Figures reported under the REV approach will be higher than those reported under the TSV approach.


Nepal

iso2Code: NP

value: South Asia

iso2code: XN

value: Lower middle income

iso2code: XI

value: IDA

capitalCity: Kathmandu

country_code: NPL

country_name: Nepal

value: Weighted average

value: Stocks traded, total value (% of GDP)


Stocks traded, total value (% of GDP)

value: World Development Indicators

Nauru

iso2Code: NR

value: East Asia & Pacific

iso2code: XF

value: IBRD

capitalCity: Yaren District

country_code: NRU

country_name: Nauru

value: CC BY-4.0

value: World Federation of Exchanges database.


value: Financial Sector

New Zealand

iso2Code: NZ

capitalCity: Wellington

country_code: NZL

country_name: New Zealand

value: The value of shares traded is the total number of shares traded, both domestic and foreign, multiplied by their respective matching prices. Figures are single counted (only one side of the transaction is considered). Companies admitted to listing and admitted to trading are included in the data. Data are end of year values.

value: Financial Sector: Capital markets

value:
Stock market size can be measured in various ways, and each may produce a different ranking of countries.

The development of an economy's financial markets is closely related to its overall development. Well-functioning financial systems provide good and easily accessible information which can lower transaction costs and subsequently improve resource allocation and boosts economic growth. Both banking systems and stock markets enhance growth, the main factor in poverty reduction. At low levels of economic development commercial banks tend to dominate the financial system, while at higher levels domestic stock markets tend to become more active and efficient relative to domestic banks.

Open economies with sound macroeconomic policies, good legal systems, and shareholder protection attract capital and therefore have larger financial markets. Recent research on stock market development shows that modern communications technology and increased financial integration have resulted in more cross-border capital flows, a stronger presence of financial firms around the world, and the migration of stock exchange activities to international exchanges. Many firms in emerging markets now cross-list on international exchanges, which provides them with lower cost capital and more liquidity-traded shares. However, this also means that exchanges in emerging markets may not have enough financial activity to sustain them, putting pressure on them to rethink their operations.


Stocks traded, total value (% of GDP)

OECD members

iso2Code: OE

value: Aggregates

country_code: OED

country_name: OECD members

value: Stock market data were previously sourced from Standard & Poor's until they discontinued their "Global Stock Markets Factbook" and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.

value: 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. Only EOB trades are included in the total value of shares traded.


Oman

iso2Code: OM

iso2code: ZQ

value: Middle East & North Africa

iso2code: XD

value: High income

value: Not classified

capitalCity: Muscat

country_code: OMN

country_name: Oman

value: Annual

value: The value of shares traded represent the transfer of ownership effected automatically through the exchange's electronic order book (EOB), where orders placed by trading members are usually exposed to all market users and automatically matched according to precise rules set up by the exchange, generally on a price/time priority basis. For data before 2001, the WFE used two different approaches for the collection of trading data, depending on the individual stock exchange's market organization and rules. The first approach is the Trading System View (TSV). Stock exchanges adopting this view count only those transactions which pass through their trading system or trading floor. The TSV is generally adopted by exchanges which operate a centralized order book (order-driven market). Trades done by their members off the exchange are not included. The second approach is the Regulated Environment View (REV). Stock exchanges in this category include all transactions subject to supervision by the market authority, including transactions made by members, and sometimes non-members, on outside trading systems and transactions into foreign markets. Figures reported under the REV approach will be higher than those reported under the TSV approach.


Stocks traded, total value (% of GDP)

value: World Development Indicators

country_code: OSS

country_name: Other small states

value: Weighted average

value: Stocks traded, total value (% of GDP)


Pakistan

iso2Code: PK

value: South Asia

value: Lower middle income

value: Blend

capitalCity: Islamabad

country_code: PAK

country_name: Pakistan

value: CC BY-4.0


Stocks traded, total value (% of GDP)

value: Financial Sector

Panama

iso2Code: PA

value: Latin America & Caribbean

value: IBRD

capitalCity: Panama City

country_code: PAN

country_name: Panama

value: The value of shares traded is the total number of shares traded, both domestic and foreign, multiplied by their respective matching prices. Figures are single counted (only one side of the transaction is considered). Companies admitted to listing and admitted to trading are included in the data. Data are end of year values.

value: World Federation of Exchanges database.

value: Financial Sector: Capital markets


Peru

iso2Code: PE

value: Latin America & Caribbean (excluding high income)

iso2code: XT

value: Upper middle income

capitalCity: Lima

country_code: PER

country_name: Peru

value: Stock market data were previously sourced from Standard & Poor's until they discontinued their "Global Stock Markets Factbook" and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.

value: 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. Only EOB trades are included in the total value of shares traded.

value:
Stock market size can be measured in various ways, and each may produce a different ranking of countries.

The development of an economy's financial markets is closely related to its overall development. Well-functioning financial systems provide good and easily accessible information which can lower transaction costs and subsequently improve resource allocation and boosts economic growth. Both banking systems and stock markets enhance growth, the main factor in poverty reduction. At low levels of economic development commercial banks tend to dominate the financial system, while at higher levels domestic stock markets tend to become more active and efficient relative to domestic banks.

Open economies with sound macroeconomic policies, good legal systems, and shareholder protection attract capital and therefore have larger financial markets. Recent research on stock market development shows that modern communications technology and increased financial integration have resulted in more cross-border capital flows, a stronger presence of financial firms around the world, and the migration of stock exchange activities to international exchanges. Many firms in emerging markets now cross-list on international exchanges, which provides them with lower cost capital and more liquidity-traded shares. However, this also means that exchanges in emerging markets may not have enough financial activity to sustain them, putting pressure on them to rethink their operations.


Stocks traded, total value (% of GDP)

value: World Development Indicators

Philippines

iso2Code: PH

value: East Asia & Pacific

value: East Asia & Pacific (excluding high income)

capitalCity: Manila

country_code: PHL

country_name: Philippines

value: Weighted average

value: Annual

value: The value of shares traded represent the transfer of ownership effected automatically through the exchange's electronic order book (EOB), where orders placed by trading members are usually exposed to all market users and automatically matched according to precise rules set up by the exchange, generally on a price/time priority basis. For data before 2001, the WFE used two different approaches for the collection of trading data, depending on the individual stock exchange's market organization and rules. The first approach is the Trading System View (TSV). Stock exchanges adopting this view count only those transactions which pass through their trading system or trading floor. The TSV is generally adopted by exchanges which operate a centralized order book (order-driven market). Trades done by their members off the exchange are not included. The second approach is the Regulated Environment View (REV). Stock exchanges in this category include all transactions subject to supervision by the market authority, including transactions made by members, and sometimes non-members, on outside trading systems and transactions into foreign markets. Figures reported under the REV approach will be higher than those reported under the TSV approach.


value: Financial Sector

Palau

iso2Code: PW

capitalCity: Koror

country_code: PLW

country_name: Palau

value: Stocks traded, total value (% of GDP)

value: CC BY-4.0


Stocks traded, total value (% of GDP)

Papua New Guinea

iso2Code: PG

value: Lower middle income

iso2code: XH

value: Blend

capitalCity: Port Moresby

country_code: PNG

country_name: Papua New Guinea

value: The value of shares traded is the total number of shares traded, both domestic and foreign, multiplied by their respective matching prices. Figures are single counted (only one side of the transaction is considered). Companies admitted to listing and admitted to trading are included in the data. Data are end of year values.


Poland

iso2Code: PL

value: Europe & Central Asia

value: High income

value: IBRD

capitalCity: Warsaw

country_code: POL

country_name: Poland

value: World Federation of Exchanges database.

value: Financial Sector: Capital markets


Stocks traded, total value (% of GDP)

value: World Development Indicators

Pre-demographic dividend

value: Aggregates

country_code: PRE

country_name: Pre-demographic dividend

value: Stock market data were previously sourced from Standard & Poor's until they discontinued their "Global Stock Markets Factbook" and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.

value: 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. Only EOB trades are included in the total value of shares traded.

value:
Stock market size can be measured in various ways, and each may produce a different ranking of countries.

The development of an economy's financial markets is closely related to its overall development. Well-functioning financial systems provide good and easily accessible information which can lower transaction costs and subsequently improve resource allocation and boosts economic growth. Both banking systems and stock markets enhance growth, the main factor in poverty reduction. At low levels of economic development commercial banks tend to dominate the financial system, while at higher levels domestic stock markets tend to become more active and efficient relative to domestic banks.

Open economies with sound macroeconomic policies, good legal systems, and shareholder protection attract capital and therefore have larger financial markets. Recent research on stock market development shows that modern communications technology and increased financial integration have resulted in more cross-border capital flows, a stronger presence of financial firms around the world, and the migration of stock exchange activities to international exchanges. Many firms in emerging markets now cross-list on international exchanges, which provides them with lower cost capital and more liquidity-traded shares. However, this also means that exchanges in emerging markets may not have enough financial activity to sustain them, putting pressure on them to rethink their operations.


Puerto Rico

iso2Code: PR

iso2code: ZJ

value: Latin America & Caribbean

iso2code: XX

value: Not classified

capitalCity: San Juan

country_code: PRI

country_name: Puerto Rico

value: Weighted average

value: Annual

value: The value of shares traded represent the transfer of ownership effected automatically through the exchange's electronic order book (EOB), where orders placed by trading members are usually exposed to all market users and automatically matched according to precise rules set up by the exchange, generally on a price/time priority basis. For data before 2001, the WFE used two different approaches for the collection of trading data, depending on the individual stock exchange's market organization and rules. The first approach is the Trading System View (TSV). Stock exchanges adopting this view count only those transactions which pass through their trading system or trading floor. The TSV is generally adopted by exchanges which operate a centralized order book (order-driven market). Trades done by their members off the exchange are not included. The second approach is the Regulated Environment View (REV). Stock exchanges in this category include all transactions subject to supervision by the market authority, including transactions made by members, and sometimes non-members, on outside trading systems and transactions into foreign markets. Figures reported under the REV approach will be higher than those reported under the TSV approach.


Stocks traded, total value (% of GDP)

value: Financial Sector

Korea, Dem. People's Rep.

iso2Code: KP

value: East Asia & Pacific

value: East Asia & Pacific (excluding high income)

iso2code: XM

value: Low income

capitalCity: Pyongyang

country_code: PRK

country_name: Korea, Dem. People's Rep.

value: Stocks traded, total value (% of GDP)

value: CC BY-4.0


Portugal

iso2Code: PT

value: Europe & Central Asia

value: High income

capitalCity: Lisbon

country_code: PRT

country_name: Portugal

value: The value of shares traded is the total number of shares traded, both domestic and foreign, multiplied by their respective matching prices. Figures are single counted (only one side of the transaction is considered). Companies admitted to listing and admitted to trading are included in the data. Data are end of year values.

value: World Federation of Exchanges database.

value: Financial Sector: Capital markets


Stocks traded, total value (% of GDP)

value: World Development Indicators

Paraguay

iso2Code: PY

iso2code: XJ

value: Latin America & Caribbean (excluding high income)

value: Upper middle income

iso2code: XF

value: IBRD

capitalCity: Asuncion

country_code: PRY

country_name: Paraguay

value: Stock market data were previously sourced from Standard & Poor's until they discontinued their "Global Stock Markets Factbook" and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.

value: 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. Only EOB trades are included in the total value of shares traded.

value:
Stock market size can be measured in various ways, and each may produce a different ranking of countries.

The development of an economy's financial markets is closely related to its overall development. Well-functioning financial systems provide good and easily accessible information which can lower transaction costs and subsequently improve resource allocation and boosts economic growth. Both banking systems and stock markets enhance growth, the main factor in poverty reduction. At low levels of economic development commercial banks tend to dominate the financial system, while at higher levels domestic stock markets tend to become more active and efficient relative to domestic banks.

Open economies with sound macroeconomic policies, good legal systems, and shareholder protection attract capital and therefore have larger financial markets. Recent research on stock market development shows that modern communications technology and increased financial integration have resulted in more cross-border capital flows, a stronger presence of financial firms around the world, and the migration of stock exchange activities to international exchanges. Many firms in emerging markets now cross-list on international exchanges, which provides them with lower cost capital and more liquidity-traded shares. However, this also means that exchanges in emerging markets may not have enough financial activity to sustain them, putting pressure on them to rethink their operations.


value: Financial Sector

West Bank and Gaza

iso2Code: PS

iso2code: ZQ

value: Middle East & North Africa

iso2code: XQ

value: Middle East & North Africa (excluding high income)

value: Not classified

country_code: PSE

country_name: West Bank and Gaza

value: Weighted average

value: Annual

value: The value of shares traded represent the transfer of ownership effected automatically through the exchange's electronic order book (EOB), where orders placed by trading members are usually exposed to all market users and automatically matched according to precise rules set up by the exchange, generally on a price/time priority basis. For data before 2001, the WFE used two different approaches for the collection of trading data, depending on the individual stock exchange's market organization and rules. The first approach is the Trading System View (TSV). Stock exchanges adopting this view count only those transactions which pass through their trading system or trading floor. The TSV is generally adopted by exchanges which operate a centralized order book (order-driven market). Trades done by their members off the exchange are not included. The second approach is the Regulated Environment View (REV). Stock exchanges in this category include all transactions subject to supervision by the market authority, including transactions made by members, and sometimes non-members, on outside trading systems and transactions into foreign markets. Figures reported under the REV approach will be higher than those reported under the TSV approach.


Stocks traded, total value (% of GDP)

Pacific island small states

value: Aggregates

country_code: PSS

country_name: Pacific island small states

value: Stocks traded, total value (% of GDP)

value: CC BY-4.0

value: The value of shares traded is the total number of shares traded, both domestic and foreign, multiplied by their respective matching prices. Figures are single counted (only one side of the transaction is considered). Companies admitted to listing and admitted to trading are included in the data. Data are end of year values.


value: World Development Indicators

country_code: PST

country_name: Post-demographic dividend

value: World Federation of Exchanges database.

value: Financial Sector: Capital markets


French Polynesia

iso2Code: PF

value: East Asia & Pacific

iso2code: XD

value: High income

capitalCity: Papeete

country_code: PYF

country_name: French Polynesia

value: Stock market data were previously sourced from Standard & Poor's until they discontinued their "Global Stock Markets Factbook" and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.


Stocks traded, total value (% of GDP)

value: Financial Sector

Qatar

iso2Code: QA

capitalCity: Doha

country_code: QAT

country_name: Qatar

value: 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. Only EOB trades are included in the total value of shares traded.

value:
Stock market size can be measured in various ways, and each may produce a different ranking of countries.

The development of an economy's financial markets is closely related to its overall development. Well-functioning financial systems provide good and easily accessible information which can lower transaction costs and subsequently improve resource allocation and boosts economic growth. Both banking systems and stock markets enhance growth, the main factor in poverty reduction. At low levels of economic development commercial banks tend to dominate the financial system, while at higher levels domestic stock markets tend to become more active and efficient relative to domestic banks.

Open economies with sound macroeconomic policies, good legal systems, and shareholder protection attract capital and therefore have larger financial markets. Recent research on stock market development shows that modern communications technology and increased financial integration have resulted in more cross-border capital flows, a stronger presence of financial firms around the world, and the migration of stock exchange activities to international exchanges. Many firms in emerging markets now cross-list on international exchanges, which provides them with lower cost capital and more liquidity-traded shares. However, this also means that exchanges in emerging markets may not have enough financial activity to sustain them, putting pressure on them to rethink their operations.


Romania

iso2Code: RO

value: Europe & Central Asia

value: IBRD

capitalCity: Bucharest

country_code: ROU

country_name: Romania


Stocks traded, total value (% of GDP)

Russian Federation

iso2Code: RU

value: Europe & Central Asia (excluding high income)

iso2code: XT

value: Upper middle income

capitalCity: Moscow

country_code: RUS

country_name: Russian Federation

value: Weighted average

value: Annual


Rwanda

iso2Code: RW

iso2code: ZG

value: Sub-Saharan Africa

iso2code: ZF

value: Sub-Saharan Africa (excluding high income)

value: Low income

iso2code: XI

value: IDA

capitalCity: Kigali

country_code: RWA

country_name: Rwanda

value: Stocks traded, total value (% of GDP)

value: CC BY-4.0

value: The value of shares traded represent the transfer of ownership effected automatically through the exchange's electronic order book (EOB), where orders placed by trading members are usually exposed to all market users and automatically matched according to precise rules set up by the exchange, generally on a price/time priority basis. For data before 2001, the WFE used two different approaches for the collection of trading data, depending on the individual stock exchange's market organization and rules. The first approach is the Trading System View (TSV). Stock exchanges adopting this view count only those transactions which pass through their trading system or trading floor. The TSV is generally adopted by exchanges which operate a centralized order book (order-driven market). Trades done by their members off the exchange are not included. The second approach is the Regulated Environment View (REV). Stock exchanges in this category include all transactions subject to supervision by the market authority, including transactions made by members, and sometimes non-members, on outside trading systems and transactions into foreign markets. Figures reported under the REV approach will be higher than those reported under the TSV approach.


Stocks traded, total value (% of GDP)

value: World Development Indicators

South Asia

value: Aggregates

country_code: SAS

country_name: South Asia

value: Stock market data were previously sourced from Standard & Poor's until they discontinued their "Global Stock Markets Factbook" and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.

value: The value of shares traded is the total number of shares traded, both domestic and foreign, multiplied by their respective matching prices. Figures are single counted (only one side of the transaction is considered). Companies admitted to listing and admitted to trading are included in the data. Data are end of year values.

value: World Federation of Exchanges database.

value: Financial Sector: Capital markets


value: Financial Sector

Saudi Arabia

iso2Code: SA

value: Middle East & North Africa

value: High income

iso2code: XX

value: Not classified

capitalCity: Riyadh

country_code: SAU

country_name: Saudi Arabia

value: 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. Only EOB trades are included in the total value of shares traded.

value:
Stock market size can be measured in various ways, and each may produce a different ranking of countries.

The development of an economy's financial markets is closely related to its overall development. Well-functioning financial systems provide good and easily accessible information which can lower transaction costs and subsequently improve resource allocation and boosts economic growth. Both banking systems and stock markets enhance growth, the main factor in poverty reduction. At low levels of economic development commercial banks tend to dominate the financial system, while at higher levels domestic stock markets tend to become more active and efficient relative to domestic banks.

Open economies with sound macroeconomic policies, good legal systems, and shareholder protection attract capital and therefore have larger financial markets. Recent research on stock market development shows that modern communications technology and increased financial integration have resulted in more cross-border capital flows, a stronger presence of financial firms around the world, and the migration of stock exchange activities to international exchanges. Many firms in emerging markets now cross-list on international exchanges, which provides them with lower cost capital and more liquidity-traded shares. However, this also means that exchanges in emerging markets may not have enough financial activity to sustain them, putting pressure on them to rethink their operations.


Stocks traded, total value (% of GDP)

Sudan

iso2Code: SD

value: Sub-Saharan Africa

value: Sub-Saharan Africa (excluding high income)

iso2code: XM

value: Low income

capitalCity: Khartoum

country_code: SDN

country_name: Sudan

value: Weighted average

value: Annual


value: World Development Indicators

Senegal

iso2Code: SN

iso2code: XN

value: Lower middle income

value: IDA

capitalCity: Dakar

country_code: SEN

country_name: Senegal

value: Stocks traded, total value (% of GDP)

value: CC BY-4.0

value: The value of shares traded represent the transfer of ownership effected automatically through the exchange's electronic order book (EOB), where orders placed by trading members are usually exposed to all market users and automatically matched according to precise rules set up by the exchange, generally on a price/time priority basis. For data before 2001, the WFE used two different approaches for the collection of trading data, depending on the individual stock exchange's market organization and rules. The first approach is the Trading System View (TSV). Stock exchanges adopting this view count only those transactions which pass through their trading system or trading floor. The TSV is generally adopted by exchanges which operate a centralized order book (order-driven market). Trades done by their members off the exchange are not included. The second approach is the Regulated Environment View (REV). Stock exchanges in this category include all transactions subject to supervision by the market authority, including transactions made by members, and sometimes non-members, on outside trading systems and transactions into foreign markets. Figures reported under the REV approach will be higher than those reported under the TSV approach.


Stocks traded, total value (% of GDP)

value: Financial Sector

Singapore

iso2Code: SG

value: East Asia & Pacific

capitalCity: Singapore

country_code: SGP

country_name: Singapore

value: Stock market data were previously sourced from Standard & Poor's until they discontinued their "Global Stock Markets Factbook" and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.

value: The value of shares traded is the total number of shares traded, both domestic and foreign, multiplied by their respective matching prices. Figures are single counted (only one side of the transaction is considered). Companies admitted to listing and admitted to trading are included in the data. Data are end of year values.

value: World Federation of Exchanges database.

value: Financial Sector: Capital markets


Solomon Islands

iso2Code: SB

value: East Asia & Pacific (excluding high income)

capitalCity: Honiara

country_code: SLB

country_name: Solomon Islands

value: 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. Only EOB trades are included in the total value of shares traded.

value:
Stock market size can be measured in various ways, and each may produce a different ranking of countries.

The development of an economy's financial markets is closely related to its overall development. Well-functioning financial systems provide good and easily accessible information which can lower transaction costs and subsequently improve resource allocation and boosts economic growth. Both banking systems and stock markets enhance growth, the main factor in poverty reduction. At low levels of economic development commercial banks tend to dominate the financial system, while at higher levels domestic stock markets tend to become more active and efficient relative to domestic banks.

Open economies with sound macroeconomic policies, good legal systems, and shareholder protection attract capital and therefore have larger financial markets. Recent research on stock market development shows that modern communications technology and increased financial integration have resulted in more cross-border capital flows, a stronger presence of financial firms around the world, and the migration of stock exchange activities to international exchanges. Many firms in emerging markets now cross-list on international exchanges, which provides them with lower cost capital and more liquidity-traded shares. However, this also means that exchanges in emerging markets may not have enough financial activity to sustain them, putting pressure on them to rethink their operations.


Stocks traded, total value (% of GDP)

Sierra Leone

iso2Code: SL

value: Sub-Saharan Africa

value: Sub-Saharan Africa (excluding high income)

value: Low income

capitalCity: Freetown

country_code: SLE

country_name: Sierra Leone

value: Weighted average


value: World Development Indicators

El Salvador

iso2Code: SV

iso2code: ZJ

value: Latin America & Caribbean

iso2code: XJ

value: Latin America & Caribbean (excluding high income)

value: Upper middle income

iso2code: XF

value: IBRD

capitalCity: San Salvador

country_code: SLV

country_name: El Salvador

value: Annual


Stocks traded, total value (% of GDP)

value: Financial Sector

San Marino

iso2Code: SM

value: Europe & Central Asia

iso2code: XD

value: High income

value: Not classified

capitalCity: San Marino

country_code: SMR

country_name: San Marino

value: Stock market data were previously sourced from Standard & Poor's until they discontinued their "Global Stock Markets Factbook" and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.

value: Stocks traded, total value (% of GDP)

value: CC BY-4.0

value: The value of shares traded represent the transfer of ownership effected automatically through the exchange's electronic order book (EOB), where orders placed by trading members are usually exposed to all market users and automatically matched according to precise rules set up by the exchange, generally on a price/time priority basis. For data before 2001, the WFE used two different approaches for the collection of trading data, depending on the individual stock exchange's market organization and rules. The first approach is the Trading System View (TSV). Stock exchanges adopting this view count only those transactions which pass through their trading system or trading floor. The TSV is generally adopted by exchanges which operate a centralized order book (order-driven market). Trades done by their members off the exchange are not included. The second approach is the Regulated Environment View (REV). Stock exchanges in this category include all transactions subject to supervision by the market authority, including transactions made by members, and sometimes non-members, on outside trading systems and transactions into foreign markets. Figures reported under the REV approach will be higher than those reported under the TSV approach.


Somalia

iso2Code: SO

iso2code: ZG

value: Sub-Saharan Africa

iso2code: ZF

value: Sub-Saharan Africa (excluding high income)

value: IDA

capitalCity: Mogadishu

country_code: SOM

country_name: Somalia

value: 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. Only EOB trades are included in the total value of shares traded.

value: The value of shares traded is the total number of shares traded, both domestic and foreign, multiplied by their respective matching prices. Figures are single counted (only one side of the transaction is considered). Companies admitted to listing and admitted to trading are included in the data. Data are end of year values.

value: World Federation of Exchanges database.

value: Financial Sector: Capital markets

value:
Stock market size can be measured in various ways, and each may produce a different ranking of countries.

The development of an economy's financial markets is closely related to its overall development. Well-functioning financial systems provide good and easily accessible information which can lower transaction costs and subsequently improve resource allocation and boosts economic growth. Both banking systems and stock markets enhance growth, the main factor in poverty reduction. At low levels of economic development commercial banks tend to dominate the financial system, while at higher levels domestic stock markets tend to become more active and efficient relative to domestic banks.

Open economies with sound macroeconomic policies, good legal systems, and shareholder protection attract capital and therefore have larger financial markets. Recent research on stock market development shows that modern communications technology and increased financial integration have resulted in more cross-border capital flows, a stronger presence of financial firms around the world, and the migration of stock exchange activities to international exchanges. Many firms in emerging markets now cross-list on international exchanges, which provides them with lower cost capital and more liquidity-traded shares. However, this also means that exchanges in emerging markets may not have enough financial activity to sustain them, putting pressure on them to rethink their operations.


Stocks traded, total value (% of GDP)

value: World Development Indicators

Serbia

iso2Code: RS

value: Europe & Central Asia (excluding high income)

iso2code: XT

value: Upper middle income

value: IBRD

capitalCity: Belgrade

country_code: SRB

country_name: Serbia

value: Weighted average

value: Annual


value: Financial Sector

name: Sub-Saharan Africa (excluding high income)

value: Aggregates

country_code: SSA

value: Stock market data were previously sourced from Standard & Poor's until they discontinued their "Global Stock Markets Factbook" and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.

value: Stocks traded, total value (% of GDP)


South Sudan

iso2Code: SS

value: Sub-Saharan Africa

value: Sub-Saharan Africa (excluding high income)

iso2code: XM

value: Low income

iso2code: XI

capitalCity: Juba

country_code: SSD

country_name: South Sudan

value: CC BY-4.0

value: The value of shares traded represent the transfer of ownership effected automatically through the exchange's electronic order book (EOB), where orders placed by trading members are usually exposed to all market users and automatically matched according to precise rules set up by the exchange, generally on a price/time priority basis. For data before 2001, the WFE used two different approaches for the collection of trading data, depending on the individual stock exchange's market organization and rules. The first approach is the Trading System View (TSV). Stock exchanges adopting this view count only those transactions which pass through their trading system or trading floor. The TSV is generally adopted by exchanges which operate a centralized order book (order-driven market). Trades done by their members off the exchange are not included. The second approach is the Regulated Environment View (REV). Stock exchanges in this category include all transactions subject to supervision by the market authority, including transactions made by members, and sometimes non-members, on outside trading systems and transactions into foreign markets. Figures reported under the REV approach will be higher than those reported under the TSV approach.


Stocks traded, total value (% of GDP)

country_code: SSF

country_name: Sub-Saharan Africa

value: 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. Only EOB trades are included in the total value of shares traded.

value: The value of shares traded is the total number of shares traded, both domestic and foreign, multiplied by their respective matching prices. Figures are single counted (only one side of the transaction is considered). Companies admitted to listing and admitted to trading are included in the data. Data are end of year values.

value: World Federation of Exchanges database.

value: Financial Sector: Capital markets


value: World Development Indicators

country_code: SST

country_name: Small states

value:
Stock market size can be measured in various ways, and each may produce a different ranking of countries.

The development of an economy's financial markets is closely related to its overall development. Well-functioning financial systems provide good and easily accessible information which can lower transaction costs and subsequently improve resource allocation and boosts economic growth. Both banking systems and stock markets enhance growth, the main factor in poverty reduction. At low levels of economic development commercial banks tend to dominate the financial system, while at higher levels domestic stock markets tend to become more active and efficient relative to domestic banks.

Open economies with sound macroeconomic policies, good legal systems, and shareholder protection attract capital and therefore have larger financial markets. Recent research on stock market development shows that modern communications technology and increased financial integration have resulted in more cross-border capital flows, a stronger presence of financial firms around the world, and the migration of stock exchange activities to international exchanges. Many firms in emerging markets now cross-list on international exchanges, which provides them with lower cost capital and more liquidity-traded shares. However, this also means that exchanges in emerging markets may not have enough financial activity to sustain them, putting pressure on them to rethink their operations.


Sao Tome and Principe

iso2Code: ST

iso2code: XN

value: Lower middle income

value: IDA

capitalCity: Sao Tome

country_code: STP

country_name: São Tomé and Principe

value: Weighted average


Stocks traded, total value (% of GDP)

value: Financial Sector

Suriname

iso2Code: SR

value: Latin America & Caribbean

value: Latin America & Caribbean (excluding high income)

value: Upper middle income

value: IBRD

capitalCity: Paramaribo

country_code: SUR

country_name: Suriname

value: Annual


Slovak Republic

iso2Code: SK

value: Europe & Central Asia

value: High income

iso2code: XX

value: Not classified

capitalCity: Bratislava

country_code: SVK

country_name: Slovak Republic

value: Stock market data were previously sourced from Standard & Poor's until they discontinued their "Global Stock Markets Factbook" and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.

value: Stocks traded, total value (% of GDP)

value: CC BY-4.0


Stocks traded, total value (% of GDP)

value: World Development Indicators

Slovenia

iso2Code: SI

capitalCity: Ljubljana

country_code: SVN

country_name: Slovenia

value: 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. Only EOB trades are included in the total value of shares traded.

value: The value of shares traded is the total number of shares traded, both domestic and foreign, multiplied by their respective matching prices. Figures are single counted (only one side of the transaction is considered). Companies admitted to listing and admitted to trading are included in the data. Data are end of year values.

value: World Federation of Exchanges database.

value: Financial Sector: Capital markets

value: The value of shares traded represent the transfer of ownership effected automatically through the exchange's electronic order book (EOB), where orders placed by trading members are usually exposed to all market users and automatically matched according to precise rules set up by the exchange, generally on a price/time priority basis. For data before 2001, the WFE used two different approaches for the collection of trading data, depending on the individual stock exchange's market organization and rules. The first approach is the Trading System View (TSV). Stock exchanges adopting this view count only those transactions which pass through their trading system or trading floor. The TSV is generally adopted by exchanges which operate a centralized order book (order-driven market). Trades done by their members off the exchange are not included. The second approach is the Regulated Environment View (REV). Stock exchanges in this category include all transactions subject to supervision by the market authority, including transactions made by members, and sometimes non-members, on outside trading systems and transactions into foreign markets. Figures reported under the REV approach will be higher than those reported under the TSV approach.


value: Financial Sector

Sweden

iso2Code: SE

capitalCity: Stockholm

country_code: SWE

country_name: Sweden

value: Weighted average

value:
Stock market size can be measured in various ways, and each may produce a different ranking of countries.

The development of an economy's financial markets is closely related to its overall development. Well-functioning financial systems provide good and easily accessible information which can lower transaction costs and subsequently improve resource allocation and boosts economic growth. Both banking systems and stock markets enhance growth, the main factor in poverty reduction. At low levels of economic development commercial banks tend to dominate the financial system, while at higher levels domestic stock markets tend to become more active and efficient relative to domestic banks.

Open economies with sound macroeconomic policies, good legal systems, and shareholder protection attract capital and therefore have larger financial markets. Recent research on stock market development shows that modern communications technology and increased financial integration have resulted in more cross-border capital flows, a stronger presence of financial firms around the world, and the migration of stock exchange activities to international exchanges. Many firms in emerging markets now cross-list on international exchanges, which provides them with lower cost capital and more liquidity-traded shares. However, this also means that exchanges in emerging markets may not have enough financial activity to sustain them, putting pressure on them to rethink their operations.


Stocks traded, total value (% of GDP)

Eswatini

iso2Code: SZ

value: Sub-Saharan Africa

value: Sub-Saharan Africa (excluding high income)

value: Lower middle income

iso2code: XF

value: IBRD

capitalCity: Mbabane

country_code: SWZ

country_name: Eswatini


Sint Maarten (Dutch part)

iso2Code: SX

iso2code: ZJ

value: Latin America & Caribbean

iso2code: XD

value: High income

value: Not classified

capitalCity: Philipsburg

country_code: SXM

country_name: Sint Maarten (Dutch part)

value: Annual


Stocks traded, total value (% of GDP)

value: World Development Indicators

Seychelles

iso2Code: SC

iso2code: ZG

capitalCity: Victoria

country_code: SYC

country_name: Seychelles

value: Stock market data were previously sourced from Standard & Poor's until they discontinued their "Global Stock Markets Factbook" and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.

value: Stocks traded, total value (% of GDP)

value: CC BY-4.0


Syrian Arab Republic

iso2Code: SY

iso2code: ZQ

value: Middle East & North Africa

iso2code: XQ

value: Middle East & North Africa (excluding high income)

value: Low income

value: IDA

capitalCity: Damascus

country_code: SYR

country_name: Syrian Arab Republic

value: 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. Only EOB trades are included in the total value of shares traded.

value: The value of shares traded is the total number of shares traded, both domestic and foreign, multiplied by their respective matching prices. Figures are single counted (only one side of the transaction is considered). Companies admitted to listing and admitted to trading are included in the data. Data are end of year values.

value: World Federation of Exchanges database.

value: Financial Sector: Capital markets


Stocks traded, total value (% of GDP)

value: Financial Sector

Turks and Caicos Islands

iso2Code: TC

capitalCity: Grand Turk

country_code: TCA

country_name: Turks and Caicos Islands

value: Weighted average

value:
Stock market size can be measured in various ways, and each may produce a different ranking of countries.

The development of an economy's financial markets is closely related to its overall development. Well-functioning financial systems provide good and easily accessible information which can lower transaction costs and subsequently improve resource allocation and boosts economic growth. Both banking systems and stock markets enhance growth, the main factor in poverty reduction. At low levels of economic development commercial banks tend to dominate the financial system, while at higher levels domestic stock markets tend to become more active and efficient relative to domestic banks.

Open economies with sound macroeconomic policies, good legal systems, and shareholder protection attract capital and therefore have larger financial markets. Recent research on stock market development shows that modern communications technology and increased financial integration have resulted in more cross-border capital flows, a stronger presence of financial firms around the world, and the migration of stock exchange activities to international exchanges. Many firms in emerging markets now cross-list on international exchanges, which provides them with lower cost capital and more liquidity-traded shares. However, this also means that exchanges in emerging markets may not have enough financial activity to sustain them, putting pressure on them to rethink their operations.

value: The value of shares traded represent the transfer of ownership effected automatically through the exchange's electronic order book (EOB), where orders placed by trading members are usually exposed to all market users and automatically matched according to precise rules set up by the exchange, generally on a price/time priority basis. For data before 2001, the WFE used two different approaches for the collection of trading data, depending on the individual stock exchange's market organization and rules. The first approach is the Trading System View (TSV). Stock exchanges adopting this view count only those transactions which pass through their trading system or trading floor. The TSV is generally adopted by exchanges which operate a centralized order book (order-driven market). Trades done by their members off the exchange are not included. The second approach is the Regulated Environment View (REV). Stock exchanges in this category include all transactions subject to supervision by the market authority, including transactions made by members, and sometimes non-members, on outside trading systems and transactions into foreign markets. Figures reported under the REV approach will be higher than those reported under the TSV approach.


Chad

iso2Code: TD

value: Sub-Saharan Africa

iso2code: ZF

value: Sub-Saharan Africa (excluding high income)

iso2code: XM

iso2code: XI

capitalCity: N'Djamena

country_code: TCD

country_name: Chad

value: Annual


Stocks traded, total value (% of GDP)

value: World Development Indicators

name: East Asia & Pacific (IDA & IBRD countries)

value: Aggregates

country_code: TEA

value: Stock market data were previously sourced from Standard & Poor's until they discontinued their "Global Stock Markets Factbook" and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.

value: Stocks traded, total value (% of GDP)


name: Europe & Central Asia (IDA & IBRD countries)

country_code: TEC

value: CC BY-4.0


Togo

iso2Code: TG

value: Low income

value: IDA

capitalCity: Lome

country_code: TGO

country_name: Togo


Stocks traded, total value (% of GDP)

Thailand

iso2Code: TH

value: East Asia & Pacific

value: East Asia & Pacific (excluding high income)

iso2code: XT

value: Upper middle income

value: IBRD

capitalCity: Bangkok

country_code: THA

country_name: Thailand

value: 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. Only EOB trades are included in the total value of shares traded.

value: The value of shares traded is the total number of shares traded, both domestic and foreign, multiplied by their respective matching prices. Figures are single counted (only one side of the transaction is considered). Companies admitted to listing and admitted to trading are included in the data. Data are end of year values.


value: Financial Sector

Tajikistan

iso2Code: TJ

value: Europe & Central Asia

value: Europe & Central Asia (excluding high income)

iso2code: XN

value: Lower middle income

capitalCity: Dushanbe

country_code: TJK

country_name: Tajikistan

value: Weighted average

value: World Federation of Exchanges database.

value: Financial Sector: Capital markets

value:
Stock market size can be measured in various ways, and each may produce a different ranking of countries.

The development of an economy's financial markets is closely related to its overall development. Well-functioning financial systems provide good and easily accessible information which can lower transaction costs and subsequently improve resource allocation and boosts economic growth. Both banking systems and stock markets enhance growth, the main factor in poverty reduction. At low levels of economic development commercial banks tend to dominate the financial system, while at higher levels domestic stock markets tend to become more active and efficient relative to domestic banks.

Open economies with sound macroeconomic policies, good legal systems, and shareholder protection attract capital and therefore have larger financial markets. Recent research on stock market development shows that modern communications technology and increased financial integration have resulted in more cross-border capital flows, a stronger presence of financial firms around the world, and the migration of stock exchange activities to international exchanges. Many firms in emerging markets now cross-list on international exchanges, which provides them with lower cost capital and more liquidity-traded shares. However, this also means that exchanges in emerging markets may not have enough financial activity to sustain them, putting pressure on them to rethink their operations.

value: The value of shares traded represent the transfer of ownership effected automatically through the exchange's electronic order book (EOB), where orders placed by trading members are usually exposed to all market users and automatically matched according to precise rules set up by the exchange, generally on a price/time priority basis. For data before 2001, the WFE used two different approaches for the collection of trading data, depending on the individual stock exchange's market organization and rules. The first approach is the Trading System View (TSV). Stock exchanges adopting this view count only those transactions which pass through their trading system or trading floor. The TSV is generally adopted by exchanges which operate a centralized order book (order-driven market). Trades done by their members off the exchange are not included. The second approach is the Regulated Environment View (REV). Stock exchanges in this category include all transactions subject to supervision by the market authority, including transactions made by members, and sometimes non-members, on outside trading systems and transactions into foreign markets. Figures reported under the REV approach will be higher than those reported under the TSV approach.


Stocks traded, total value (% of GDP)

value: World Development Indicators

Turkmenistan

iso2Code: TM

iso2code: XF

capitalCity: Ashgabat

country_code: TKM

country_name: Turkmenistan

value: Stock market data were previously sourced from Standard & Poor's until they discontinued their "Global Stock Markets Factbook" and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.

value: Stocks traded, total value (% of GDP)

value: CC BY-4.0

value: Annual


name: Latin America & the Caribbean (IDA & IBRD countries)

value: Aggregates

country_code: TLA


Timor-Leste

iso2Code: TL

value: East Asia & Pacific

value: East Asia & Pacific (excluding high income)

iso2code: XH

value: Blend

capitalCity: Dili

country_code: TLS

country_name: Timor-Leste

value: 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. Only EOB trades are included in the total value of shares traded.


Stocks traded, total value (% of GDP)

value: Financial Sector

name: Middle East & North Africa (IDA & IBRD countries)

country_code: TMN

value: The value of shares traded is the total number of shares traded, both domestic and foreign, multiplied by their respective matching prices. Figures are single counted (only one side of the transaction is considered). Companies admitted to listing and admitted to trading are included in the data. Data are end of year values.


Tonga

iso2Code: TO

value: Upper middle income

value: IDA

capitalCity: Nuku'alofa

country_code: TON

country_name: Tonga

value: Weighted average


Stocks traded, total value (% of GDP)

country_code: TSA

country_name: South Asia (IDA & IBRD)

value: World Federation of Exchanges database.

value: Financial Sector: Capital markets

value:
Stock market size can be measured in various ways, and each may produce a different ranking of countries.

The development of an economy's financial markets is closely related to its overall development. Well-functioning financial systems provide good and easily accessible information which can lower transaction costs and subsequently improve resource allocation and boosts economic growth. Both banking systems and stock markets enhance growth, the main factor in poverty reduction. At low levels of economic development commercial banks tend to dominate the financial system, while at higher levels domestic stock markets tend to become more active and efficient relative to domestic banks.

Open economies with sound macroeconomic policies, good legal systems, and shareholder protection attract capital and therefore have larger financial markets. Recent research on stock market development shows that modern communications technology and increased financial integration have resulted in more cross-border capital flows, a stronger presence of financial firms around the world, and the migration of stock exchange activities to international exchanges. Many firms in emerging markets now cross-list on international exchanges, which provides them with lower cost capital and more liquidity-traded shares. However, this also means that exchanges in emerging markets may not have enough financial activity to sustain them, putting pressure on them to rethink their operations.


value: World Development Indicators

name: Sub-Saharan Africa (IDA & IBRD countries)

country_code: TSS

value: Stock market data were previously sourced from Standard & Poor's until they discontinued their "Global Stock Markets Factbook" and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.

value: The value of shares traded represent the transfer of ownership effected automatically through the exchange's electronic order book (EOB), where orders placed by trading members are usually exposed to all market users and automatically matched according to precise rules set up by the exchange, generally on a price/time priority basis. For data before 2001, the WFE used two different approaches for the collection of trading data, depending on the individual stock exchange's market organization and rules. The first approach is the Trading System View (TSV). Stock exchanges adopting this view count only those transactions which pass through their trading system or trading floor. The TSV is generally adopted by exchanges which operate a centralized order book (order-driven market). Trades done by their members off the exchange are not included. The second approach is the Regulated Environment View (REV). Stock exchanges in this category include all transactions subject to supervision by the market authority, including transactions made by members, and sometimes non-members, on outside trading systems and transactions into foreign markets. Figures reported under the REV approach will be higher than those reported under the TSV approach.


Trinidad and Tobago

iso2Code: TT

iso2code: ZJ

value: Latin America & Caribbean

iso2code: XD

value: High income

value: IBRD

capitalCity: Port-of-Spain

country_code: TTO

country_name: Trinidad and Tobago

value: Stocks traded, total value (% of GDP)

value: CC BY-4.0

value: Annual


Stocks traded, total value (% of GDP)

value: Financial Sector

Tunisia

iso2Code: TN

iso2code: ZQ

value: Middle East & North Africa

iso2code: XQ

value: Middle East & North Africa (excluding high income)

value: Lower middle income

capitalCity: Tunis

country_code: TUN

country_name: Tunisia

value: 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. Only EOB trades are included in the total value of shares traded.


Turkiye

iso2Code: TR

value: Europe & Central Asia

value: Europe & Central Asia (excluding high income)

value: Upper middle income

capitalCity: Ankara

country_code: TUR

country_name: Turkey

value: Weighted average

value: The value of shares traded is the total number of shares traded, both domestic and foreign, multiplied by their respective matching prices. Figures are single counted (only one side of the transaction is considered). Companies admitted to listing and admitted to trading are included in the data. Data are end of year values.

value: World Federation of Exchanges database.


Stocks traded, total value (% of GDP)

value: World Development Indicators

Tuvalu

iso2Code: TV

value: East Asia & Pacific

value: East Asia & Pacific (excluding high income)

iso2code: XI

value: IDA

capitalCity: Funafuti

country_code: TUV

country_name: Tuvalu

value: Stock market data were previously sourced from Standard & Poor's until they discontinued their "Global Stock Markets Factbook" and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.

value: Financial Sector: Capital markets

value:
Stock market size can be measured in various ways, and each may produce a different ranking of countries.

The development of an economy's financial markets is closely related to its overall development. Well-functioning financial systems provide good and easily accessible information which can lower transaction costs and subsequently improve resource allocation and boosts economic growth. Both banking systems and stock markets enhance growth, the main factor in poverty reduction. At low levels of economic development commercial banks tend to dominate the financial system, while at higher levels domestic stock markets tend to become more active and efficient relative to domestic banks.

Open economies with sound macroeconomic policies, good legal systems, and shareholder protection attract capital and therefore have larger financial markets. Recent research on stock market development shows that modern communications technology and increased financial integration have resulted in more cross-border capital flows, a stronger presence of financial firms around the world, and the migration of stock exchange activities to international exchanges. Many firms in emerging markets now cross-list on international exchanges, which provides them with lower cost capital and more liquidity-traded shares. However, this also means that exchanges in emerging markets may not have enough financial activity to sustain them, putting pressure on them to rethink their operations.

value: The value of shares traded represent the transfer of ownership effected automatically through the exchange's electronic order book (EOB), where orders placed by trading members are usually exposed to all market users and automatically matched according to precise rules set up by the exchange, generally on a price/time priority basis. For data before 2001, the WFE used two different approaches for the collection of trading data, depending on the individual stock exchange's market organization and rules. The first approach is the Trading System View (TSV). Stock exchanges adopting this view count only those transactions which pass through their trading system or trading floor. The TSV is generally adopted by exchanges which operate a centralized order book (order-driven market). Trades done by their members off the exchange are not included. The second approach is the Regulated Environment View (REV). Stock exchanges in this category include all transactions subject to supervision by the market authority, including transactions made by members, and sometimes non-members, on outside trading systems and transactions into foreign markets. Figures reported under the REV approach will be higher than those reported under the TSV approach.


value: Financial Sector

Tanzania

iso2Code: TZ

iso2code: ZG

value: Sub-Saharan Africa

iso2code: ZF

value: Sub-Saharan Africa (excluding high income)

capitalCity: Dodoma

country_code: TZA

country_name: Tanzania

value: Stocks traded, total value (% of GDP)

value: CC BY-4.0

value: Annual


Stocks traded, total value (% of GDP)

Uganda

iso2Code: UG

iso2code: XM

value: Low income

capitalCity: Kampala

country_code: UGA

country_name: Uganda

value: Weighted average

value: 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. Only EOB trades are included in the total value of shares traded.


value: World Development Indicators

Ukraine

iso2Code: UA

value: Europe & Central Asia

value: Europe & Central Asia (excluding high income)

iso2code: XN

value: Lower middle income

iso2code: XF

value: IBRD

capitalCity: Kiev

country_code: UKR

country_name: Ukraine

value: The value of shares traded is the total number of shares traded, both domestic and foreign, multiplied by their respective matching prices. Figures are single counted (only one side of the transaction is considered). Companies admitted to listing and admitted to trading are included in the data. Data are end of year values.

value: World Federation of Exchanges database.


Stocks traded, total value (% of GDP)

Upper middle income

iso2Code: XT

value: Aggregates

country_code: UMC

country_name: Upper middle income

value: Stock market data were previously sourced from Standard & Poor's until they discontinued their "Global Stock Markets Factbook" and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.

value: Financial Sector: Capital markets

value:
Stock market size can be measured in various ways, and each may produce a different ranking of countries.

The development of an economy's financial markets is closely related to its overall development. Well-functioning financial systems provide good and easily accessible information which can lower transaction costs and subsequently improve resource allocation and boosts economic growth. Both banking systems and stock markets enhance growth, the main factor in poverty reduction. At low levels of economic development commercial banks tend to dominate the financial system, while at higher levels domestic stock markets tend to become more active and efficient relative to domestic banks.

Open economies with sound macroeconomic policies, good legal systems, and shareholder protection attract capital and therefore have larger financial markets. Recent research on stock market development shows that modern communications technology and increased financial integration have resulted in more cross-border capital flows, a stronger presence of financial firms around the world, and the migration of stock exchange activities to international exchanges. Many firms in emerging markets now cross-list on international exchanges, which provides them with lower cost capital and more liquidity-traded shares. However, this also means that exchanges in emerging markets may not have enough financial activity to sustain them, putting pressure on them to rethink their operations.

value: The value of shares traded represent the transfer of ownership effected automatically through the exchange's electronic order book (EOB), where orders placed by trading members are usually exposed to all market users and automatically matched according to precise rules set up by the exchange, generally on a price/time priority basis. For data before 2001, the WFE used two different approaches for the collection of trading data, depending on the individual stock exchange's market organization and rules. The first approach is the Trading System View (TSV). Stock exchanges adopting this view count only those transactions which pass through their trading system or trading floor. The TSV is generally adopted by exchanges which operate a centralized order book (order-driven market). Trades done by their members off the exchange are not included. The second approach is the Regulated Environment View (REV). Stock exchanges in this category include all transactions subject to supervision by the market authority, including transactions made by members, and sometimes non-members, on outside trading systems and transactions into foreign markets. Figures reported under the REV approach will be higher than those reported under the TSV approach.


value: Financial Sector

Uruguay

iso2Code: UY

iso2code: ZJ

value: Latin America & Caribbean

value: High income

capitalCity: Montevideo

country_code: URY

country_name: Uruguay

value: Stocks traded, total value (% of GDP)

value: CC BY-4.0


Stocks traded, total value (% of GDP)

value: World Development Indicators

United States

iso2Code: US

iso2code: XU

value: North America

iso2code: XD

iso2code: XX

value: Not classified

capitalCity: Washington D.C.

country_code: USA

country_name: United States

value: Weighted average

value: 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. Only EOB trades are included in the total value of shares traded.

value: Annual


Uzbekistan

iso2Code: UZ

value: Europe & Central Asia

value: Europe & Central Asia (excluding high income)

value: Lower middle income

iso2code: XH

value: Blend

capitalCity: Tashkent

country_code: UZB

country_name: Uzbekistan

value: The value of shares traded is the total number of shares traded, both domestic and foreign, multiplied by their respective matching prices. Figures are single counted (only one side of the transaction is considered). Companies admitted to listing and admitted to trading are included in the data. Data are end of year values.

value: World Federation of Exchanges database.


Stocks traded, total value (% of GDP)

value: Financial Sector

St. Vincent and the Grenadines

iso2Code: VC

iso2code: XJ

value: Latin America & Caribbean (excluding high income)

value: Upper middle income

capitalCity: Kingstown

country_code: VCT

country_name: St. Vincent and the Grenadines

value: Stock market data were previously sourced from Standard & Poor's until they discontinued their "Global Stock Markets Factbook" and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.

value: Financial Sector: Capital markets

value:
Stock market size can be measured in various ways, and each may produce a different ranking of countries.

The development of an economy's financial markets is closely related to its overall development. Well-functioning financial systems provide good and easily accessible information which can lower transaction costs and subsequently improve resource allocation and boosts economic growth. Both banking systems and stock markets enhance growth, the main factor in poverty reduction. At low levels of economic development commercial banks tend to dominate the financial system, while at higher levels domestic stock markets tend to become more active and efficient relative to domestic banks.

Open economies with sound macroeconomic policies, good legal systems, and shareholder protection attract capital and therefore have larger financial markets. Recent research on stock market development shows that modern communications technology and increased financial integration have resulted in more cross-border capital flows, a stronger presence of financial firms around the world, and the migration of stock exchange activities to international exchanges. Many firms in emerging markets now cross-list on international exchanges, which provides them with lower cost capital and more liquidity-traded shares. However, this also means that exchanges in emerging markets may not have enough financial activity to sustain them, putting pressure on them to rethink their operations.

value: The value of shares traded represent the transfer of ownership effected automatically through the exchange's electronic order book (EOB), where orders placed by trading members are usually exposed to all market users and automatically matched according to precise rules set up by the exchange, generally on a price/time priority basis. For data before 2001, the WFE used two different approaches for the collection of trading data, depending on the individual stock exchange's market organization and rules. The first approach is the Trading System View (TSV). Stock exchanges adopting this view count only those transactions which pass through their trading system or trading floor. The TSV is generally adopted by exchanges which operate a centralized order book (order-driven market). Trades done by their members off the exchange are not included. The second approach is the Regulated Environment View (REV). Stock exchanges in this category include all transactions subject to supervision by the market authority, including transactions made by members, and sometimes non-members, on outside trading systems and transactions into foreign markets. Figures reported under the REV approach will be higher than those reported under the TSV approach.


value: World Development Indicators

Venezuela, RB

iso2Code: VE

value: Latin America & Caribbean

iso2code: XY

value: Not classified

value: IBRD

capitalCity: Caracas

country_code: VEN

country_name: Venezuela, RB

value: Stocks traded, total value (% of GDP)

value: CC BY-4.0


Stocks traded, total value (% of GDP)

British Virgin Islands

iso2Code: VG

value: High income

capitalCity: Road Town

country_code: VGB

country_name: British Virgin Islands

value: Weighted average

value: 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. Only EOB trades are included in the total value of shares traded.

value: Annual


value: Financial Sector

Virgin Islands (U.S.)

iso2Code: VI

capitalCity: Charlotte Amalie

country_code: VIR

country_name: Virgin Islands (U.S.)

value: The value of shares traded is the total number of shares traded, both domestic and foreign, multiplied by their respective matching prices. Figures are single counted (only one side of the transaction is considered). Companies admitted to listing and admitted to trading are included in the data. Data are end of year values.

value: World Federation of Exchanges database.


Stocks traded, total value (% of GDP)

Viet Nam

iso2Code: VN

value: East Asia & Pacific

value: East Asia & Pacific (excluding high income)

iso2code: XN

value: Lower middle income

capitalCity: Hanoi

country_code: VNM

country_name: Vietnam

value: Stock market data were previously sourced from Standard & Poor's until they discontinued their "Global Stock Markets Factbook" and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.