Azerbaijan

iso2Code: AZ

value: Europe & Central Asia (excluding high income)

value: IBRD

capitalCity: Baku

country_code: AZE

country_name: Azerbaijan


name: S&P Global Equity Indices (annual % change)

value: World Development Indicators

sourceNone: S&P Global Equity Indices measure the U.S. dollar price change in the stock markets covered by the S&P/IFCI and S&P/Frontier BMI country indices.

value: Financial Sector

Burundi

iso2Code: BI

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: Bujumbura

country_code: BDI

country_name: Burundi

value: CC BY-4.0

value:
The percentage change in stock market prices in U.S. dollars for developing economies is from Standard & Poor's Global Equity Indices (S&P IFCI) and Standard & Poor's Frontier Broad Market Index (BMI). The percentage change for France, Germany, Japan, the United Kingdom, and the United States is from local stock market prices.

The indicator is an important measure of overall performance. Regulatory and institutional factors that can affect investor confidence, such as entry and exit restrictions, the existence of a securities and exchange commission, and the quality of laws to protect investors, may influence the functioning of stock markets.

Because markets included in Standard & Poor's emerging markets category vary widely in level of development, it is best to look at the entire category to identify the most significant market trends. And it is useful to remember that stock market trends may be distorted by currency conversions, especially when a currency has registered a significant devaluation.

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. That lowers transaction costs, which in turn improves 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.

The S&P Global Equity Index Series covers approximately 11,000 securities from over 80 countries. It includes the S&P Global Broad Market Index (BMI), S&P Global 1200, S&P/IFCI, and S&P Frontier BMI. All indices are float-adjusted, market capitalization-weighted indices and include security classifications for country, size, style and industry.

The S&P Global Broad Market Index (BMI) is a global index suite with a transparent, modular structure that has been fully float adjusted since 1989. This index series employs a transparent and consistent methodology across all countries and includes approximately 10,000 stocks from 26 developed and 20 emerging markets.

The S&P Global 1200, a real-time, tradable global equity index covers approximately 70 percent of the world's market capitalization, giving a detail view of the world economy. It is a composite of seven headline regional indices: S&P 500®, S&P Europe 350, S&P TOPIX 150, S&P/TSX 60, S&P/ASX All Australian 50, S&P Asia 50 and S&P Latin America 40.

value: Annual

value: Ratios of end-of-period levels in U.S. dollars over previous end-of-period values in U.S. dollars times 100. These indexes are widely used benchmarks for international portfolio management.

value: Financial Sector: Capital markets

value: Standard & Poor's, Global Stock Markets Factbook and supplemental S&P data.

schema: wb


Belgium

iso2Code: BE

value: Europe & Central Asia

iso2code: XD

value: High income

iso2code: XX

value: Not classified

capitalCity: Brussels

country_code: BEL

country_name: Belgium

value: S&P Global Equity Indices (annual % change)

value: S&P Global Equity Indices measure the U.S. dollar price change in the stock markets covered by the S&P/IFCI and S&P/Frontier BMI country indices.


value: World Development Indicators

value: Financial Sector

Benin

iso2Code: BJ

iso2code: XN

value: Lower middle income

capitalCity: Porto-Novo

country_code: BEN

country_name: Benin


Burkina Faso

iso2Code: BF

value: Sub-Saharan Africa

value: Sub-Saharan Africa (excluding high income)

value: Low income

capitalCity: Ouagadougou

country_code: BFA

country_name: Burkina Faso


Bangladesh

iso2Code: BD

value: South Asia

value: IDA

capitalCity: Dhaka

country_code: BGD

country_name: Bangladesh

value: CC BY-4.0

value:
The percentage change in stock market prices in U.S. dollars for developing economies is from Standard & Poor's Global Equity Indices (S&P IFCI) and Standard & Poor's Frontier Broad Market Index (BMI). The percentage change for France, Germany, Japan, the United Kingdom, and the United States is from local stock market prices.

The indicator is an important measure of overall performance. Regulatory and institutional factors that can affect investor confidence, such as entry and exit restrictions, the existence of a securities and exchange commission, and the quality of laws to protect investors, may influence the functioning of stock markets.

Because markets included in Standard & Poor's emerging markets category vary widely in level of development, it is best to look at the entire category to identify the most significant market trends. And it is useful to remember that stock market trends may be distorted by currency conversions, especially when a currency has registered a significant devaluation.


Bulgaria

iso2Code: BG

value: Europe & Central Asia (excluding high income)

iso2code: XT

value: Upper middle income

iso2code: XF

value: IBRD

capitalCity: Sofia

country_code: BGR

country_name: Bulgaria

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. That lowers transaction costs, which in turn improves 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.

The S&P Global Equity Index Series covers approximately 11,000 securities from over 80 countries. It includes the S&P Global Broad Market Index (BMI), S&P Global 1200, S&P/IFCI, and S&P Frontier BMI. All indices are float-adjusted, market capitalization-weighted indices and include security classifications for country, size, style and industry.

The S&P Global Broad Market Index (BMI) is a global index suite with a transparent, modular structure that has been fully float adjusted since 1989. This index series employs a transparent and consistent methodology across all countries and includes approximately 10,000 stocks from 26 developed and 20 emerging markets.

The S&P Global 1200, a real-time, tradable global equity index covers approximately 70 percent of the world's market capitalization, giving a detail view of the world economy. It is a composite of seven headline regional indices: S&P 500®, S&P Europe 350, S&P TOPIX 150, S&P/TSX 60, S&P/ASX All Australian 50, S&P Asia 50 and S&P Latin America 40.

value: Annual

value: Ratios of end-of-period levels in U.S. dollars over previous end-of-period values in U.S. dollars times 100. These indexes are widely used benchmarks for international portfolio management.

value: Financial Sector: Capital markets


value: World Development Indicators

Bahrain

iso2Code: BH

iso2code: ZQ

value: Middle East & North Africa

value: High income

value: Not classified

capitalCity: Manama

country_code: BHR

country_name: Bahrain

value: S&P Global Equity Indices (annual % change)

value: S&P Global Equity Indices measure the U.S. dollar price change in the stock markets covered by the S&P/IFCI and S&P/Frontier BMI country indices.

value: Standard & Poor's, Global Stock Markets Factbook and supplemental S&P data.


value: Financial Sector

Bahamas, The

iso2Code: BS

iso2code: ZJ

value: Latin America & Caribbean

capitalCity: Nassau

country_code: BHS

country_name: Bahamas, The


Bosnia and Herzegovina

iso2Code: BA

value: Europe & Central Asia

capitalCity: Sarajevo

country_code: BIH

country_name: Bosnia and Herzegovina

value: CC BY-4.0

value:
The percentage change in stock market prices in U.S. dollars for developing economies is from Standard & Poor's Global Equity Indices (S&P IFCI) and Standard & Poor's Frontier Broad Market Index (BMI). The percentage change for France, Germany, Japan, the United Kingdom, and the United States is from local stock market prices.

The indicator is an important measure of overall performance. Regulatory and institutional factors that can affect investor confidence, such as entry and exit restrictions, the existence of a securities and exchange commission, and the quality of laws to protect investors, may influence the functioning of stock markets.

Because markets included in Standard & Poor's emerging markets category vary widely in level of development, it is best to look at the entire category to identify the most significant market trends. And it is useful to remember that stock market trends may be distorted by currency conversions, especially when a currency has registered a significant devaluation.


Belarus

iso2Code: BY

value: Europe & Central Asia (excluding high income)

value: Upper middle income

value: IBRD

capitalCity: Minsk

country_code: BLR

country_name: Belarus


Belize

iso2Code: BZ

iso2code: XJ

value: Latin America & Caribbean (excluding high income)

capitalCity: Belmopan

country_code: BLZ

country_name: Belize

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. That lowers transaction costs, which in turn improves 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.

The S&P Global Equity Index Series covers approximately 11,000 securities from over 80 countries. It includes the S&P Global Broad Market Index (BMI), S&P Global 1200, S&P/IFCI, and S&P Frontier BMI. All indices are float-adjusted, market capitalization-weighted indices and include security classifications for country, size, style and industry.

The S&P Global Broad Market Index (BMI) is a global index suite with a transparent, modular structure that has been fully float adjusted since 1989. This index series employs a transparent and consistent methodology across all countries and includes approximately 10,000 stocks from 26 developed and 20 emerging markets.

The S&P Global 1200, a real-time, tradable global equity index covers approximately 70 percent of the world's market capitalization, giving a detail view of the world economy. It is a composite of seven headline regional indices: S&P 500®, S&P Europe 350, S&P TOPIX 150, S&P/TSX 60, S&P/ASX All Australian 50, S&P Asia 50 and S&P Latin America 40.

value: Annual

value: Ratios of end-of-period levels in U.S. dollars over previous end-of-period values in U.S. dollars times 100. These indexes are widely used benchmarks for international portfolio management.


value: World Development Indicators

Bermuda

iso2Code: BM

iso2code: XU

value: North America

iso2code: XD

value: High income

capitalCity: Hamilton

country_code: BMU

country_name: Bermuda

value: Financial Sector: Capital markets


Bolivia

iso2Code: BO

iso2code: XN

value: Lower middle income

capitalCity: La Paz

country_code: BOL

country_name: Bolivia

value: S&P Global Equity Indices (annual % change)

value: S&P Global Equity Indices measure the U.S. dollar price change in the stock markets covered by the S&P/IFCI and S&P/Frontier BMI country indices.

value: Standard & Poor's, Global Stock Markets Factbook and supplemental S&P data.


value: Financial Sector

Brazil

iso2Code: BR

value: Latin America & Caribbean

capitalCity: Brasilia

country_code: BRA

country_name: Brazil

value: CC BY-4.0


Barbados

iso2Code: BB

iso2code: XX

value: Not classified

capitalCity: Bridgetown

country_code: BRB

country_name: Barbados

value:
The percentage change in stock market prices in U.S. dollars for developing economies is from Standard & Poor's Global Equity Indices (S&P IFCI) and Standard & Poor's Frontier Broad Market Index (BMI). The percentage change for France, Germany, Japan, the United Kingdom, and the United States is from local stock market prices.

The indicator is an important measure of overall performance. Regulatory and institutional factors that can affect investor confidence, such as entry and exit restrictions, the existence of a securities and exchange commission, and the quality of laws to protect investors, may influence the functioning of stock markets.

Because markets included in Standard & Poor's emerging markets category vary widely in level of development, it is best to look at the entire category to identify the most significant market trends. And it is useful to remember that stock market trends may be distorted by currency conversions, especially when a currency has registered a significant devaluation.


Brunei Darussalam

iso2Code: BN

value: East Asia & Pacific

capitalCity: Bandar Seri Begawan

country_code: BRN

country_name: Brunei Darussalam


Bhutan

iso2Code: BT

value: South Asia

iso2code: XI

value: IDA

capitalCity: Thimphu

country_code: BTN

country_name: Bhutan

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. That lowers transaction costs, which in turn improves 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.

The S&P Global Equity Index Series covers approximately 11,000 securities from over 80 countries. It includes the S&P Global Broad Market Index (BMI), S&P Global 1200, S&P/IFCI, and S&P Frontier BMI. All indices are float-adjusted, market capitalization-weighted indices and include security classifications for country, size, style and industry.

The S&P Global Broad Market Index (BMI) is a global index suite with a transparent, modular structure that has been fully float adjusted since 1989. This index series employs a transparent and consistent methodology across all countries and includes approximately 10,000 stocks from 26 developed and 20 emerging markets.

The S&P Global 1200, a real-time, tradable global equity index covers approximately 70 percent of the world's market capitalization, giving a detail view of the world economy. It is a composite of seven headline regional indices: S&P 500®, S&P Europe 350, S&P TOPIX 150, S&P/TSX 60, S&P/ASX All Australian 50, S&P Asia 50 and S&P Latin America 40.


value: World Development Indicators

Botswana

iso2Code: BW

iso2code: ZG

value: Sub-Saharan Africa

iso2code: ZF

value: Sub-Saharan Africa (excluding high income)

iso2code: XT

value: Upper middle income

iso2code: XF

value: IBRD

capitalCity: Gaborone

country_code: BWA

country_name: Botswana

value: Annual

value: Ratios of end-of-period levels in U.S. dollars over previous end-of-period values in U.S. dollars times 100. These indexes are widely used benchmarks for international portfolio management.


Central African Republic

iso2Code: CF

iso2code: XM

value: Low income

capitalCity: Bangui

country_code: CAF

country_name: Central African Republic

value: S&P Global Equity Indices (annual % change)

value: S&P Global Equity Indices measure the U.S. dollar price change in the stock markets covered by the S&P/IFCI and S&P/Frontier BMI country indices.

value: Financial Sector: Capital markets

value: Standard & Poor's, Global Stock Markets Factbook and supplemental S&P data.


value: Financial Sector

Canada

iso2Code: CA

iso2code: XU

value: North America

value: High income

value: Not classified

capitalCity: Ottawa

country_code: CAN

country_name: Canada

value: CC BY-4.0

value:
The percentage change in stock market prices in U.S. dollars for developing economies is from Standard & Poor's Global Equity Indices (S&P IFCI) and Standard & Poor's Frontier Broad Market Index (BMI). The percentage change for France, Germany, Japan, the United Kingdom, and the United States is from local stock market prices.

The indicator is an important measure of overall performance. Regulatory and institutional factors that can affect investor confidence, such as entry and exit restrictions, the existence of a securities and exchange commission, and the quality of laws to protect investors, may influence the functioning of stock markets.

Because markets included in Standard & Poor's emerging markets category vary widely in level of development, it is best to look at the entire category to identify the most significant market trends. And it is useful to remember that stock market trends may be distorted by currency conversions, especially when a currency has registered a significant devaluation.


value: World Development Indicators

Central Europe and the Baltics

value: Aggregates

country_code: CEB

country_name: Central Europe and the Baltics

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. That lowers transaction costs, which in turn improves 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.

The S&P Global Equity Index Series covers approximately 11,000 securities from over 80 countries. It includes the S&P Global Broad Market Index (BMI), S&P Global 1200, S&P/IFCI, and S&P Frontier BMI. All indices are float-adjusted, market capitalization-weighted indices and include security classifications for country, size, style and industry.

The S&P Global Broad Market Index (BMI) is a global index suite with a transparent, modular structure that has been fully float adjusted since 1989. This index series employs a transparent and consistent methodology across all countries and includes approximately 10,000 stocks from 26 developed and 20 emerging markets.

The S&P Global 1200, a real-time, tradable global equity index covers approximately 70 percent of the world's market capitalization, giving a detail view of the world economy. It is a composite of seven headline regional indices: S&P 500®, S&P Europe 350, S&P TOPIX 150, S&P/TSX 60, S&P/ASX All Australian 50, S&P Asia 50 and S&P Latin America 40.


Switzerland

iso2Code: CH

value: Europe & Central Asia

iso2code: XD

capitalCity: Bern

country_code: CHE

country_name: Switzerland


Channel Islands

iso2Code: JG

country_code: CHI

country_name: Channel Islands

value: Annual


Chile

iso2Code: CL

iso2code: ZJ

value: Latin America & Caribbean

value: IBRD

capitalCity: Santiago

country_code: CHL

country_name: Chile

value: Ratios of end-of-period levels in U.S. dollars over previous end-of-period values in U.S. dollars times 100. These indexes are widely used benchmarks for international portfolio management.


China

iso2Code: CN

value: East Asia & Pacific

value: East Asia & Pacific (excluding high income)

value: Upper middle income

capitalCity: Beijing

country_code: CHN

country_name: China

value: S&P Global Equity Indices (annual % change)

value: S&P Global Equity Indices measure the U.S. dollar price change in the stock markets covered by the S&P/IFCI and S&P/Frontier BMI country indices.


value: Financial Sector

Cote d'Ivoire

iso2Code: CI

value: Sub-Saharan Africa

value: Sub-Saharan Africa (excluding high income)

iso2code: XN

value: Lower middle income

value: IDA

capitalCity: Yamoussoukro

country_code: CIV

country_name: Côte d'Ivoire

value: Financial Sector: Capital markets

value: Standard & Poor's, Global Stock Markets Factbook and supplemental S&P data.


value: World Development Indicators

Cameroon

iso2Code: CM

iso2code: XH

value: Blend

capitalCity: Yaounde

country_code: CMR

country_name: Cameroon

value: CC BY-4.0

value:
The percentage change in stock market prices in U.S. dollars for developing economies is from Standard & Poor's Global Equity Indices (S&P IFCI) and Standard & Poor's Frontier Broad Market Index (BMI). The percentage change for France, Germany, Japan, the United Kingdom, and the United States is from local stock market prices.

The indicator is an important measure of overall performance. Regulatory and institutional factors that can affect investor confidence, such as entry and exit restrictions, the existence of a securities and exchange commission, and the quality of laws to protect investors, may influence the functioning of stock markets.

Because markets included in Standard & Poor's emerging markets category vary widely in level of development, it is best to look at the entire category to identify the most significant market trends. And it is useful to remember that stock market trends may be distorted by currency conversions, especially when a currency has registered a significant devaluation.

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. That lowers transaction costs, which in turn improves 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.

The S&P Global Equity Index Series covers approximately 11,000 securities from over 80 countries. It includes the S&P Global Broad Market Index (BMI), S&P Global 1200, S&P/IFCI, and S&P Frontier BMI. All indices are float-adjusted, market capitalization-weighted indices and include security classifications for country, size, style and industry.

The S&P Global Broad Market Index (BMI) is a global index suite with a transparent, modular structure that has been fully float adjusted since 1989. This index series employs a transparent and consistent methodology across all countries and includes approximately 10,000 stocks from 26 developed and 20 emerging markets.

The S&P Global 1200, a real-time, tradable global equity index covers approximately 70 percent of the world's market capitalization, giving a detail view of the world economy. It is a composite of seven headline regional indices: S&P 500®, S&P Europe 350, S&P TOPIX 150, S&P/TSX 60, S&P/ASX All Australian 50, S&P Asia 50 and S&P Latin America 40.


Congo, Dem. Rep.

iso2Code: CD

iso2code: ZG

iso2code: ZF

value: Low income

iso2code: XI

capitalCity: Kinshasa

country_code: COD

country_name: Congo, Dem. Rep.

value: Annual

value: Ratios of end-of-period levels in U.S. dollars over previous end-of-period values in U.S. dollars times 100. These indexes are widely used benchmarks for international portfolio management.


Congo, Rep.

iso2Code: CG

capitalCity: Brazzaville

country_code: COG

country_name: Congo, Rep.

value: S&P Global Equity Indices (annual % change)


Colombia

iso2Code: CO

value: Latin America & Caribbean

iso2code: XJ

value: Latin America & Caribbean (excluding high income)

iso2code: XT

value: Upper middle income

iso2code: XF

value: IBRD

capitalCity: Bogota

country_code: COL

country_name: Colombia

value: S&P Global Equity Indices measure the U.S. dollar price change in the stock markets covered by the S&P/IFCI and S&P/Frontier BMI country indices.


value: Financial Sector

Comoros

iso2Code: KM

value: Sub-Saharan Africa

value: Sub-Saharan Africa (excluding high income)

value: Lower middle income

value: IDA

capitalCity: Moroni

country_code: COM

country_name: Comoros


value: World Development Indicators

Cabo Verde

iso2Code: CV

value: Blend

capitalCity: Praia

country_code: CPV

country_name: Cabo Verde

value: CC BY-4.0

value: Financial Sector: Capital markets

value: Standard & Poor's, Global Stock Markets Factbook and supplemental S&P data.


Costa Rica

iso2Code: CR

iso2code: ZJ

capitalCity: San Jose

country_code: CRI

country_name: Costa Rica

value:
The percentage change in stock market prices in U.S. dollars for developing economies is from Standard & Poor's Global Equity Indices (S&P IFCI) and Standard & Poor's Frontier Broad Market Index (BMI). The percentage change for France, Germany, Japan, the United Kingdom, and the United States is from local stock market prices.

The indicator is an important measure of overall performance. Regulatory and institutional factors that can affect investor confidence, such as entry and exit restrictions, the existence of a securities and exchange commission, and the quality of laws to protect investors, may influence the functioning of stock markets.

Because markets included in Standard & Poor's emerging markets category vary widely in level of development, it is best to look at the entire category to identify the most significant market trends. And it is useful to remember that stock market trends may be distorted by currency conversions, especially when a currency has registered a significant devaluation.

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. That lowers transaction costs, which in turn improves 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.

The S&P Global Equity Index Series covers approximately 11,000 securities from over 80 countries. It includes the S&P Global Broad Market Index (BMI), S&P Global 1200, S&P/IFCI, and S&P Frontier BMI. All indices are float-adjusted, market capitalization-weighted indices and include security classifications for country, size, style and industry.

The S&P Global Broad Market Index (BMI) is a global index suite with a transparent, modular structure that has been fully float adjusted since 1989. This index series employs a transparent and consistent methodology across all countries and includes approximately 10,000 stocks from 26 developed and 20 emerging markets.

The S&P Global 1200, a real-time, tradable global equity index covers approximately 70 percent of the world's market capitalization, giving a detail view of the world economy. It is a composite of seven headline regional indices: S&P 500®, S&P Europe 350, S&P TOPIX 150, S&P/TSX 60, S&P/ASX All Australian 50, S&P Asia 50 and S&P Latin America 40.

value: Annual

value: Ratios of end-of-period levels in U.S. dollars over previous end-of-period values in U.S. dollars times 100. These indexes are widely used benchmarks for international portfolio management.


Caribbean small states

value: Aggregates

country_code: CSS

country_name: Caribbean small states

value: S&P Global Equity Indices (annual % change)


Cuba

iso2Code: CU

value: Latin America & Caribbean

value: Latin America & Caribbean (excluding high income)

value: Upper middle income

iso2code: XX

value: Not classified

capitalCity: Havana

country_code: CUB

country_name: Cuba

value: S&P Global Equity Indices measure the U.S. dollar price change in the stock markets covered by the S&P/IFCI and S&P/Frontier BMI country indices.


value: Financial Sector

Curacao

iso2Code: CW

iso2code: XD

value: High income

capitalCity: Willemstad

country_code: CUW

country_name: Curacao


value: World Development Indicators

Cayman Islands

iso2Code: KY

capitalCity: George Town

country_code: CYM

country_name: Cayman Islands


Cyprus

iso2Code: CY

value: Europe & Central Asia

capitalCity: Nicosia

country_code: CYP

country_name: Cyprus

value: CC BY-4.0


Czechia

iso2Code: CZ

capitalCity: Prague

country_code: CZE

country_name: Czech Republic

value: Financial Sector: Capital markets

value: Standard & Poor's, Global Stock Markets Factbook and supplemental S&P data.


Germany

iso2Code: DE

capitalCity: Berlin

country_code: DEU

country_name: Germany

value:
The percentage change in stock market prices in U.S. dollars for developing economies is from Standard & Poor's Global Equity Indices (S&P IFCI) and Standard & Poor's Frontier Broad Market Index (BMI). The percentage change for France, Germany, Japan, the United Kingdom, and the United States is from local stock market prices.

The indicator is an important measure of overall performance. Regulatory and institutional factors that can affect investor confidence, such as entry and exit restrictions, the existence of a securities and exchange commission, and the quality of laws to protect investors, may influence the functioning of stock markets.

Because markets included in Standard & Poor's emerging markets category vary widely in level of development, it is best to look at the entire category to identify the most significant market trends. And it is useful to remember that stock market trends may be distorted by currency conversions, especially when a currency has registered a significant devaluation.

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. That lowers transaction costs, which in turn improves 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.

The S&P Global Equity Index Series covers approximately 11,000 securities from over 80 countries. It includes the S&P Global Broad Market Index (BMI), S&P Global 1200, S&P/IFCI, and S&P Frontier BMI. All indices are float-adjusted, market capitalization-weighted indices and include security classifications for country, size, style and industry.

The S&P Global Broad Market Index (BMI) is a global index suite with a transparent, modular structure that has been fully float adjusted since 1989. This index series employs a transparent and consistent methodology across all countries and includes approximately 10,000 stocks from 26 developed and 20 emerging markets.

The S&P Global 1200, a real-time, tradable global equity index covers approximately 70 percent of the world's market capitalization, giving a detail view of the world economy. It is a composite of seven headline regional indices: S&P 500®, S&P Europe 350, S&P TOPIX 150, S&P/TSX 60, S&P/ASX All Australian 50, S&P Asia 50 and S&P Latin America 40.


Djibouti

iso2Code: DJ

iso2code: ZQ

value: Middle East & North Africa

iso2code: XQ

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

iso2code: XN

value: Lower middle income

iso2code: XI

value: IDA

capitalCity: Djibouti

country_code: DJI

country_name: Djibouti

value: Annual

value: Ratios of end-of-period levels in U.S. dollars over previous end-of-period values in U.S. dollars times 100. These indexes are widely used benchmarks for international portfolio management.


Dominica

iso2Code: DM

value: Latin America & Caribbean

iso2code: XJ

value: Latin America & Caribbean (excluding high income)

iso2code: XT

value: Upper middle income

iso2code: XH

value: Blend

capitalCity: Roseau

country_code: DMA

country_name: Dominica

value: S&P Global Equity Indices (annual % change)


value: World Development Indicators

value: Financial Sector

Denmark

iso2Code: DK

value: Europe & Central Asia

value: High income

value: Not classified

capitalCity: Copenhagen

country_code: DNK

country_name: Denmark

value: S&P Global Equity Indices measure the U.S. dollar price change in the stock markets covered by the S&P/IFCI and S&P/Frontier BMI country indices.


Dominican Republic

iso2Code: DO

iso2code: ZJ

iso2code: XF

value: IBRD

capitalCity: Santo Domingo

country_code: DOM

country_name: Dominican Republic

value: CC BY-4.0

value:
The percentage change in stock market prices in U.S. dollars for developing economies is from Standard & Poor's Global Equity Indices (S&P IFCI) and Standard & Poor's Frontier Broad Market Index (BMI). The percentage change for France, Germany, Japan, the United Kingdom, and the United States is from local stock market prices.

The indicator is an important measure of overall performance. Regulatory and institutional factors that can affect investor confidence, such as entry and exit restrictions, the existence of a securities and exchange commission, and the quality of laws to protect investors, may influence the functioning of stock markets.

Because markets included in Standard & Poor's emerging markets category vary widely in level of development, it is best to look at the entire category to identify the most significant market trends. And it is useful to remember that stock market trends may be distorted by currency conversions, especially when a currency has registered a significant devaluation.

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. That lowers transaction costs, which in turn improves 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.

The S&P Global Equity Index Series covers approximately 11,000 securities from over 80 countries. It includes the S&P Global Broad Market Index (BMI), S&P Global 1200, S&P/IFCI, and S&P Frontier BMI. All indices are float-adjusted, market capitalization-weighted indices and include security classifications for country, size, style and industry.

The S&P Global Broad Market Index (BMI) is a global index suite with a transparent, modular structure that has been fully float adjusted since 1989. This index series employs a transparent and consistent methodology across all countries and includes approximately 10,000 stocks from 26 developed and 20 emerging markets.

The S&P Global 1200, a real-time, tradable global equity index covers approximately 70 percent of the world's market capitalization, giving a detail view of the world economy. It is a composite of seven headline regional indices: S&P 500®, S&P Europe 350, S&P TOPIX 150, S&P/TSX 60, S&P/ASX All Australian 50, S&P Asia 50 and S&P Latin America 40.

value: Financial Sector: Capital markets

value: Standard & Poor's, Global Stock Markets Factbook and supplemental S&P data.


Algeria

iso2Code: DZ

value: Middle East & North Africa

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

value: Lower middle income

capitalCity: Algiers

country_code: DZA

country_name: Algeria

value: Annual

value: Ratios of end-of-period levels in U.S. dollars over previous end-of-period values in U.S. dollars times 100. These indexes are widely used benchmarks for international portfolio management.


value: World Development Indicators

name: East Asia & Pacific (excluding high income)

value: Aggregates

country_code: EAP

value: S&P Global Equity Indices (annual % change)


value: Financial Sector

country_code: EAR

country_name: Early-demographic dividend


country_code: EAS

country_name: East Asia & Pacific


name: Europe & Central Asia (excluding high income)

country_code: ECA


country_code: ECS

country_name: Europe & Central Asia


Ecuador

iso2Code: EC

value: Latin America & Caribbean

value: Latin America & Caribbean (excluding high income)

value: Upper middle income

capitalCity: Quito

country_code: ECU

country_name: Ecuador


Egypt, Arab Rep.

iso2Code: EG

value: IBRD

capitalCity: Cairo

country_code: EGY

country_name: Egypt, Arab Rep.

value: CC BY-4.0

value: S&P Global Equity Indices measure the U.S. dollar price change in the stock markets covered by the S&P/IFCI and S&P/Frontier BMI country indices.


Euro area

iso2Code: XC

country_code: EMU

country_name: Euro area

value:
The percentage change in stock market prices in U.S. dollars for developing economies is from Standard & Poor's Global Equity Indices (S&P IFCI) and Standard & Poor's Frontier Broad Market Index (BMI). The percentage change for France, Germany, Japan, the United Kingdom, and the United States is from local stock market prices.

The indicator is an important measure of overall performance. Regulatory and institutional factors that can affect investor confidence, such as entry and exit restrictions, the existence of a securities and exchange commission, and the quality of laws to protect investors, may influence the functioning of stock markets.

Because markets included in Standard & Poor's emerging markets category vary widely in level of development, it is best to look at the entire category to identify the most significant market trends. And it is useful to remember that stock market trends may be distorted by currency conversions, especially when a currency has registered a significant devaluation.

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. That lowers transaction costs, which in turn improves 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.

The S&P Global Equity Index Series covers approximately 11,000 securities from over 80 countries. It includes the S&P Global Broad Market Index (BMI), S&P Global 1200, S&P/IFCI, and S&P Frontier BMI. All indices are float-adjusted, market capitalization-weighted indices and include security classifications for country, size, style and industry.

The S&P Global Broad Market Index (BMI) is a global index suite with a transparent, modular structure that has been fully float adjusted since 1989. This index series employs a transparent and consistent methodology across all countries and includes approximately 10,000 stocks from 26 developed and 20 emerging markets.

The S&P Global 1200, a real-time, tradable global equity index covers approximately 70 percent of the world's market capitalization, giving a detail view of the world economy. It is a composite of seven headline regional indices: S&P 500®, S&P Europe 350, S&P TOPIX 150, S&P/TSX 60, S&P/ASX All Australian 50, S&P Asia 50 and S&P Latin America 40.

value: Financial Sector: Capital markets


Eritrea

iso2Code: ER

iso2code: ZG

value: Sub-Saharan Africa

iso2code: ZF

value: Sub-Saharan Africa (excluding high income)

iso2code: XM

value: Low income

value: IDA

capitalCity: Asmara

country_code: ERI

country_name: Eritrea

value: Standard & Poor's, Global Stock Markets Factbook and supplemental S&P data.


value: World Development Indicators

Spain

iso2Code: ES

value: Europe & Central Asia

iso2code: XD

value: High income

iso2code: XX

value: Not classified

capitalCity: Madrid

country_code: ESP

country_name: Spain

value: Annual

value: Ratios of end-of-period levels in U.S. dollars over previous end-of-period values in U.S. dollars times 100. These indexes are widely used benchmarks for international portfolio management.


value: Financial Sector

Estonia

iso2Code: EE

capitalCity: Tallinn

country_code: EST

country_name: Estonia

value: S&P Global Equity Indices (annual % change)


Ethiopia

iso2Code: ET

iso2code: XI

capitalCity: Addis Ababa

country_code: ETH

country_name: Ethiopia

value: CC BY-4.0

value: S&P Global Equity Indices measure the U.S. dollar price change in the stock markets covered by the S&P/IFCI and S&P/Frontier BMI country indices.


European Union

iso2Code: EU

value: Aggregates

country_code: EUU

country_name: European Union

value:
The percentage change in stock market prices in U.S. dollars for developing economies is from Standard & Poor's Global Equity Indices (S&P IFCI) and Standard & Poor's Frontier Broad Market Index (BMI). The percentage change for France, Germany, Japan, the United Kingdom, and the United States is from local stock market prices.

The indicator is an important measure of overall performance. Regulatory and institutional factors that can affect investor confidence, such as entry and exit restrictions, the existence of a securities and exchange commission, and the quality of laws to protect investors, may influence the functioning of stock markets.

Because markets included in Standard & Poor's emerging markets category vary widely in level of development, it is best to look at the entire category to identify the most significant market trends. And it is useful to remember that stock market trends may be distorted by currency conversions, especially when a currency has registered a significant devaluation.

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. That lowers transaction costs, which in turn improves 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.

The S&P Global Equity Index Series covers approximately 11,000 securities from over 80 countries. It includes the S&P Global Broad Market Index (BMI), S&P Global 1200, S&P/IFCI, and S&P Frontier BMI. All indices are float-adjusted, market capitalization-weighted indices and include security classifications for country, size, style and industry.

The S&P Global Broad Market Index (BMI) is a global index suite with a transparent, modular structure that has been fully float adjusted since 1989. This index series employs a transparent and consistent methodology across all countries and includes approximately 10,000 stocks from 26 developed and 20 emerging markets.

The S&P Global 1200, a real-time, tradable global equity index covers approximately 70 percent of the world's market capitalization, giving a detail view of the world economy. It is a composite of seven headline regional indices: S&P 500®, S&P Europe 350, S&P TOPIX 150, S&P/TSX 60, S&P/ASX All Australian 50, S&P Asia 50 and S&P Latin America 40.


name: Fragile and conflict affected situations

country_code: FCS

value: Financial Sector: Capital markets


Finland

iso2Code: FI

capitalCity: Helsinki

country_code: FIN

country_name: Finland


Fiji

iso2Code: FJ

value: East Asia & Pacific

value: East Asia & Pacific (excluding high income)

iso2code: XT

value: Upper middle income

iso2code: XH

value: Blend

capitalCity: Suva

country_code: FJI

country_name: Fiji


value: World Development Indicators

France

iso2Code: FR

value: Europe & Central Asia

capitalCity: Paris

country_code: FRA

country_name: France

value: Standard & Poor's, Global Stock Markets Factbook and supplemental S&P data.


Faroe Islands

iso2Code: FO

value: High income

value: Not classified

capitalCity: Torshavn

country_code: FRO

country_name: Faroe Islands

value: Annual


value: Financial Sector

Micronesia, Fed. Sts.

iso2Code: FM

iso2code: XN

value: Lower middle income

value: IDA

capitalCity: Palikir

country_code: FSM

country_name: Micronesia, Fed. Sts.

value: S&P Global Equity Indices (annual % change)

value: Ratios of end-of-period levels in U.S. dollars over previous end-of-period values in U.S. dollars times 100. These indexes are widely used benchmarks for international portfolio management.


Gabon

iso2Code: GA

iso2code: ZG

value: Sub-Saharan Africa

iso2code: ZF

value: Sub-Saharan Africa (excluding high income)

iso2code: XF

value: IBRD

capitalCity: Libreville

country_code: GAB

country_name: Gabon

value: CC BY-4.0

value:
The percentage change in stock market prices in U.S. dollars for developing economies is from Standard & Poor's Global Equity Indices (S&P IFCI) and Standard & Poor's Frontier Broad Market Index (BMI). The percentage change for France, Germany, Japan, the United Kingdom, and the United States is from local stock market prices.

The indicator is an important measure of overall performance. Regulatory and institutional factors that can affect investor confidence, such as entry and exit restrictions, the existence of a securities and exchange commission, and the quality of laws to protect investors, may influence the functioning of stock markets.

Because markets included in Standard & Poor's emerging markets category vary widely in level of development, it is best to look at the entire category to identify the most significant market trends. And it is useful to remember that stock market trends may be distorted by currency conversions, especially when a currency has registered a significant devaluation.

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. That lowers transaction costs, which in turn improves 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.

The S&P Global Equity Index Series covers approximately 11,000 securities from over 80 countries. It includes the S&P Global Broad Market Index (BMI), S&P Global 1200, S&P/IFCI, and S&P Frontier BMI. All indices are float-adjusted, market capitalization-weighted indices and include security classifications for country, size, style and industry.

The S&P Global Broad Market Index (BMI) is a global index suite with a transparent, modular structure that has been fully float adjusted since 1989. This index series employs a transparent and consistent methodology across all countries and includes approximately 10,000 stocks from 26 developed and 20 emerging markets.

The S&P Global 1200, a real-time, tradable global equity index covers approximately 70 percent of the world's market capitalization, giving a detail view of the world economy. It is a composite of seven headline regional indices: S&P 500®, S&P Europe 350, S&P TOPIX 150, S&P/TSX 60, S&P/ASX All Australian 50, S&P Asia 50 and S&P Latin America 40.

value: S&P Global Equity Indices measure the U.S. dollar price change in the stock markets covered by the S&P/IFCI and S&P/Frontier BMI country indices.


value: World Development Indicators

United Kingdom

iso2Code: GB

value: Europe & Central Asia

iso2code: XD

iso2code: XX

capitalCity: London

country_code: GBR

country_name: United Kingdom

value: Financial Sector: Capital markets


Georgia

iso2Code: GE

value: Europe & Central Asia (excluding high income)

value: Upper middle income

capitalCity: Tbilisi

country_code: GEO

country_name: Georgia

value: Standard & Poor's, Global Stock Markets Factbook and supplemental S&P data.


value: Financial Sector

Ghana

iso2Code: GH

value: Lower middle income

iso2code: XI

capitalCity: Accra

country_code: GHA

country_name: Ghana

value: Annual


Gibraltar

iso2Code: GI

value: High income

value: Not classified

country_code: GIB

country_name: Gibraltar

value: S&P Global Equity Indices (annual % change)

value: Ratios of end-of-period levels in U.S. dollars over previous end-of-period values in U.S. dollars times 100. These indexes are widely used benchmarks for international portfolio management.


Guinea

iso2Code: GN

value: Sub-Saharan Africa

value: Sub-Saharan Africa (excluding high income)

value: IDA

capitalCity: Conakry

country_code: GIN

country_name: Guinea

value: CC BY-4.0


value: World Development Indicators

Gambia, The

iso2Code: GM

iso2code: XM

value: Low income

capitalCity: Banjul

country_code: GMB

country_name: Gambia, The

value:
The percentage change in stock market prices in U.S. dollars for developing economies is from Standard & Poor's Global Equity Indices (S&P IFCI) and Standard & Poor's Frontier Broad Market Index (BMI). The percentage change for France, Germany, Japan, the United Kingdom, and the United States is from local stock market prices.

The indicator is an important measure of overall performance. Regulatory and institutional factors that can affect investor confidence, such as entry and exit restrictions, the existence of a securities and exchange commission, and the quality of laws to protect investors, may influence the functioning of stock markets.

Because markets included in Standard & Poor's emerging markets category vary widely in level of development, it is best to look at the entire category to identify the most significant market trends. And it is useful to remember that stock market trends may be distorted by currency conversions, especially when a currency has registered a significant devaluation.

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. That lowers transaction costs, which in turn improves 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.

The S&P Global Equity Index Series covers approximately 11,000 securities from over 80 countries. It includes the S&P Global Broad Market Index (BMI), S&P Global 1200, S&P/IFCI, and S&P Frontier BMI. All indices are float-adjusted, market capitalization-weighted indices and include security classifications for country, size, style and industry.

The S&P Global Broad Market Index (BMI) is a global index suite with a transparent, modular structure that has been fully float adjusted since 1989. This index series employs a transparent and consistent methodology across all countries and includes approximately 10,000 stocks from 26 developed and 20 emerging markets.

The S&P Global 1200, a real-time, tradable global equity index covers approximately 70 percent of the world's market capitalization, giving a detail view of the world economy. It is a composite of seven headline regional indices: S&P 500®, S&P Europe 350, S&P TOPIX 150, S&P/TSX 60, S&P/ASX All Australian 50, S&P Asia 50 and S&P Latin America 40.

value: S&P Global Equity Indices measure the U.S. dollar price change in the stock markets covered by the S&P/IFCI and S&P/Frontier BMI country indices.


Guinea-Bissau

iso2Code: GW

capitalCity: Bissau

country_code: GNB

country_name: Guinea-Bissau

value: Financial Sector: Capital markets

value: Standard & Poor's, Global Stock Markets Factbook and supplemental S&P data.


value: Financial Sector

Equatorial Guinea

iso2Code: GQ

iso2code: XT

value: Upper middle income

value: IBRD

capitalCity: Malabo

country_code: GNQ

country_name: Equatorial Guinea


Greece

iso2Code: GR

value: Europe & Central Asia

value: High income

value: Not classified

capitalCity: Athens

country_code: GRC

country_name: Greece

value: Annual


Grenada

iso2Code: GD

iso2code: ZJ

value: Latin America & Caribbean

iso2code: XJ

value: Latin America & Caribbean (excluding high income)

iso2code: XH

value: Blend

capitalCity: Saint George's

country_code: GRD

country_name: Grenada

value: S&P Global Equity Indices (annual % change)

value: Ratios of end-of-period levels in U.S. dollars over previous end-of-period values in U.S. dollars times 100. These indexes are widely used benchmarks for international portfolio management.


value: World Development Indicators

Greenland

iso2Code: GL

iso2code: XD

capitalCity: Nuuk

country_code: GRL

country_name: Greenland

value: CC BY-4.0

value:
The percentage change in stock market prices in U.S. dollars for developing economies is from Standard & Poor's Global Equity Indices (S&P IFCI) and Standard & Poor's Frontier Broad Market Index (BMI). The percentage change for France, Germany, Japan, the United Kingdom, and the United States is from local stock market prices.

The indicator is an important measure of overall performance. Regulatory and institutional factors that can affect investor confidence, such as entry and exit restrictions, the existence of a securities and exchange commission, and the quality of laws to protect investors, may influence the functioning of stock markets.

Because markets included in Standard & Poor's emerging markets category vary widely in level of development, it is best to look at the entire category to identify the most significant market trends. And it is useful to remember that stock market trends may be distorted by currency conversions, especially when a currency has registered a significant devaluation.


Guatemala

iso2Code: GT

iso2code: XF

capitalCity: Guatemala City

country_code: GTM

country_name: Guatemala

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. That lowers transaction costs, which in turn improves 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.

The S&P Global Equity Index Series covers approximately 11,000 securities from over 80 countries. It includes the S&P Global Broad Market Index (BMI), S&P Global 1200, S&P/IFCI, and S&P Frontier BMI. All indices are float-adjusted, market capitalization-weighted indices and include security classifications for country, size, style and industry.

The S&P Global Broad Market Index (BMI) is a global index suite with a transparent, modular structure that has been fully float adjusted since 1989. This index series employs a transparent and consistent methodology across all countries and includes approximately 10,000 stocks from 26 developed and 20 emerging markets.

The S&P Global 1200, a real-time, tradable global equity index covers approximately 70 percent of the world's market capitalization, giving a detail view of the world economy. It is a composite of seven headline regional indices: S&P 500®, S&P Europe 350, S&P TOPIX 150, S&P/TSX 60, S&P/ASX All Australian 50, S&P Asia 50 and S&P Latin America 40.

value: S&P Global Equity Indices measure the U.S. dollar price change in the stock markets covered by the S&P/IFCI and S&P/Frontier BMI country indices.

value: Financial Sector: Capital markets


value: Financial Sector

Guam

iso2Code: GU

value: East Asia & Pacific

iso2code: XX

capitalCity: Agana

country_code: GUM

country_name: Guam

value: Standard & Poor's, Global Stock Markets Factbook and supplemental S&P data.


Guyana

iso2Code: GY

value: High income

iso2code: XI

value: IDA

capitalCity: Georgetown

country_code: GUY

country_name: Guyana


High income

value: Aggregates

country_code: HIC

country_name: High income

value: Annual


Hong Kong SAR, China

iso2Code: HK

value: Not classified

country_code: HKG

country_name: Hong Kong, China


Honduras

iso2Code: HN

value: Latin America & Caribbean

value: Latin America & Caribbean (excluding high income)

iso2code: XN

value: Lower middle income

capitalCity: Tegucigalpa

country_code: HND

country_name: Honduras


value: World Development Indicators

Heavily indebted poor countries (HIPC)

iso2Code: XE

country_code: HPC

country_name: Heavily indebted poor countries (HIPC)

value: S&P Global Equity Indices (annual % change)

value: Ratios of end-of-period levels in U.S. dollars over previous end-of-period values in U.S. dollars times 100. These indexes are widely used benchmarks for international portfolio management.


Croatia

iso2Code: HR

value: Europe & Central Asia

value: IBRD

capitalCity: Zagreb

country_code: HRV

country_name: Croatia

value: CC BY-4.0

value:
The percentage change in stock market prices in U.S. dollars for developing economies is from Standard & Poor's Global Equity Indices (S&P IFCI) and Standard & Poor's Frontier Broad Market Index (BMI). The percentage change for France, Germany, Japan, the United Kingdom, and the United States is from local stock market prices.

The indicator is an important measure of overall performance. Regulatory and institutional factors that can affect investor confidence, such as entry and exit restrictions, the existence of a securities and exchange commission, and the quality of laws to protect investors, may influence the functioning of stock markets.

Because markets included in Standard & Poor's emerging markets category vary widely in level of development, it is best to look at the entire category to identify the most significant market trends. And it is useful to remember that stock market trends may be distorted by currency conversions, especially when a currency has registered a significant devaluation.

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. That lowers transaction costs, which in turn improves 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.

The S&P Global Equity Index Series covers approximately 11,000 securities from over 80 countries. It includes the S&P Global Broad Market Index (BMI), S&P Global 1200, S&P/IFCI, and S&P Frontier BMI. All indices are float-adjusted, market capitalization-weighted indices and include security classifications for country, size, style and industry.

The S&P Global Broad Market Index (BMI) is a global index suite with a transparent, modular structure that has been fully float adjusted since 1989. This index series employs a transparent and consistent methodology across all countries and includes approximately 10,000 stocks from 26 developed and 20 emerging markets.

The S&P Global 1200, a real-time, tradable global equity index covers approximately 70 percent of the world's market capitalization, giving a detail view of the world economy. It is a composite of seven headline regional indices: S&P 500®, S&P Europe 350, S&P TOPIX 150, S&P/TSX 60, S&P/ASX All Australian 50, S&P Asia 50 and S&P Latin America 40.


value: Financial Sector

Haiti

iso2Code: HT

capitalCity: Port-au-Prince

country_code: HTI

country_name: Haiti

value: S&P Global Equity Indices measure the U.S. dollar price change in the stock markets covered by the S&P/IFCI and S&P/Frontier BMI country indices.

value: Financial Sector: Capital markets

value: Standard & Poor's, Global Stock Markets Factbook and supplemental S&P data.


Hungary

iso2Code: HU

value: High income

capitalCity: Budapest

country_code: HUN

country_name: Hungary

value: Annual


IBRD only

value: Aggregates

country_code: IBD

country_name: IBRD only


IDA & IBRD total

iso2Code: ZT

country_code: IBT

country_name: IDA & IBRD total


IDA total

iso2Code: XG

country_code: IDA

country_name: IDA total


IDA blend

iso2Code: XH

country_code: IDB

country_name: IDA blend


Indonesia

iso2Code: ID

value: East Asia & Pacific

value: East Asia & Pacific (excluding high income)

iso2code: XT

value: Upper middle income

capitalCity: Jakarta

country_code: IDN

country_name: Indonesia


value: World Development Indicators

country_code: IDX

country_name: IDA only

value: S&P Global Equity Indices (annual % change)


Isle of Man

iso2Code: IM

value: Europe & Central Asia

iso2code: XD

value: Not classified

capitalCity: Douglas

country_code: IMN

country_name: Isle of Man

value: Ratios of end-of-period levels in U.S. dollars over previous end-of-period values in U.S. dollars times 100. These indexes are widely used benchmarks for international portfolio management.


India

iso2Code: IN

value: South Asia

value: Lower middle income

iso2code: XF

value: IBRD

capitalCity: New Delhi

country_code: IND

country_name: India

value: CC BY-4.0

value:
The percentage change in stock market prices in U.S. dollars for developing economies is from Standard & Poor's Global Equity Indices (S&P IFCI) and Standard & Poor's Frontier Broad Market Index (BMI). The percentage change for France, Germany, Japan, the United Kingdom, and the United States is from local stock market prices.

The indicator is an important measure of overall performance. Regulatory and institutional factors that can affect investor confidence, such as entry and exit restrictions, the existence of a securities and exchange commission, and the quality of laws to protect investors, may influence the functioning of stock markets.

Because markets included in Standard & Poor's emerging markets category vary widely in level of development, it is best to look at the entire category to identify the most significant market trends. And it is useful to remember that stock market trends may be distorted by currency conversions, especially when a currency has registered a significant devaluation.


value: Financial Sector

Not classified

iso2Code: XY

country_code: INX

country_name: Not classified

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. That lowers transaction costs, which in turn improves 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.

The S&P Global Equity Index Series covers approximately 11,000 securities from over 80 countries. It includes the S&P Global Broad Market Index (BMI), S&P Global 1200, S&P/IFCI, and S&P Frontier BMI. All indices are float-adjusted, market capitalization-weighted indices and include security classifications for country, size, style and industry.

The S&P Global Broad Market Index (BMI) is a global index suite with a transparent, modular structure that has been fully float adjusted since 1989. This index series employs a transparent and consistent methodology across all countries and includes approximately 10,000 stocks from 26 developed and 20 emerging markets.

The S&P Global 1200, a real-time, tradable global equity index covers approximately 70 percent of the world's market capitalization, giving a detail view of the world economy. It is a composite of seven headline regional indices: S&P 500®, S&P Europe 350, S&P TOPIX 150, S&P/TSX 60, S&P/ASX All Australian 50, S&P Asia 50 and S&P Latin America 40.

value: S&P Global Equity Indices measure the U.S. dollar price change in the stock markets covered by the S&P/IFCI and S&P/Frontier BMI country indices.

value: Financial Sector: Capital markets

value: Standard & Poor's, Global Stock Markets Factbook and supplemental S&P data.


Ireland

iso2Code: IE

value: High income

iso2code: XX

capitalCity: Dublin

country_code: IRL

country_name: Ireland

value: Annual


value: World Development Indicators

Iran, Islamic Rep.

iso2Code: IR

iso2code: ZQ

value: Middle East & North Africa

iso2code: XQ

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

iso2code: XN

capitalCity: Tehran

country_code: IRN

country_name: Iran, Islamic Rep.


Iraq

iso2Code: IQ

value: Upper middle income

capitalCity: Baghdad

country_code: IRQ

country_name: Iraq

value: S&P Global Equity Indices (annual % change)


Iceland

iso2Code: IS

value: Europe & Central Asia

value: Not classified

capitalCity: Reykjavik

country_code: ISL

country_name: Iceland

value: Ratios of end-of-period levels in U.S. dollars over previous end-of-period values in U.S. dollars times 100. These indexes are widely used benchmarks for international portfolio management.


Israel

iso2Code: IL

country_code: ISR

country_name: Israel

value: CC BY-4.0


Italy

iso2Code: IT

capitalCity: Rome

country_code: ITA

country_name: Italy

value:
The percentage change in stock market prices in U.S. dollars for developing economies is from Standard & Poor's Global Equity Indices (S&P IFCI) and Standard & Poor's Frontier Broad Market Index (BMI). The percentage change for France, Germany, Japan, the United Kingdom, and the United States is from local stock market prices.

The indicator is an important measure of overall performance. Regulatory and institutional factors that can affect investor confidence, such as entry and exit restrictions, the existence of a securities and exchange commission, and the quality of laws to protect investors, may influence the functioning of stock markets.

Because markets included in Standard & Poor's emerging markets category vary widely in level of development, it is best to look at the entire category to identify the most significant market trends. And it is useful to remember that stock market trends may be distorted by currency conversions, especially when a currency has registered a significant devaluation.


value: Financial Sector

Jamaica

iso2Code: JM

iso2code: ZJ

value: Latin America & Caribbean

iso2code: XJ

value: Latin America & Caribbean (excluding high income)

value: IBRD

capitalCity: Kingston

country_code: JAM

country_name: Jamaica


Jordan

iso2Code: JO

value: Lower middle income

capitalCity: Amman

country_code: JOR

country_name: Jordan

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. That lowers transaction costs, which in turn improves 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.

The S&P Global Equity Index Series covers approximately 11,000 securities from over 80 countries. It includes the S&P Global Broad Market Index (BMI), S&P Global 1200, S&P/IFCI, and S&P Frontier BMI. All indices are float-adjusted, market capitalization-weighted indices and include security classifications for country, size, style and industry.

The S&P Global Broad Market Index (BMI) is a global index suite with a transparent, modular structure that has been fully float adjusted since 1989. This index series employs a transparent and consistent methodology across all countries and includes approximately 10,000 stocks from 26 developed and 20 emerging markets.

The S&P Global 1200, a real-time, tradable global equity index covers approximately 70 percent of the world's market capitalization, giving a detail view of the world economy. It is a composite of seven headline regional indices: S&P 500®, S&P Europe 350, S&P TOPIX 150, S&P/TSX 60, S&P/ASX All Australian 50, S&P Asia 50 and S&P Latin America 40.

value: S&P Global Equity Indices measure the U.S. dollar price change in the stock markets covered by the S&P/IFCI and S&P/Frontier BMI country indices.

value: Financial Sector: Capital markets

value: Standard & Poor's, Global Stock Markets Factbook and supplemental S&P data.


value: World Development Indicators

Japan

iso2Code: JP

value: East Asia & Pacific

iso2code: XD

value: High income

capitalCity: Tokyo

country_code: JPN

country_name: Japan

value: Annual


Kazakhstan

iso2Code: KZ

value: Europe & Central Asia

value: Europe & Central Asia (excluding high income)

iso2code: XT

value: Upper middle income

iso2code: XF

capitalCity: Astana

country_code: KAZ

country_name: Kazakhstan

value: S&P Global Equity Indices (annual % change)


value: Financial Sector

Kenya

iso2Code: KE

iso2code: ZG

value: Sub-Saharan Africa

iso2code: ZF

value: Sub-Saharan Africa (excluding high income)

iso2code: XH

value: Blend

capitalCity: Nairobi

country_code: KEN

country_name: Kenya

value: CC BY-4.0

value:
The percentage change in stock market prices in U.S. dollars for developing economies is from Standard & Poor's Global Equity Indices (S&P IFCI) and Standard & Poor's Frontier Broad Market Index (BMI). The percentage change for France, Germany, Japan, the United Kingdom, and the United States is from local stock market prices.

The indicator is an important measure of overall performance. Regulatory and institutional factors that can affect investor confidence, such as entry and exit restrictions, the existence of a securities and exchange commission, and the quality of laws to protect investors, may influence the functioning of stock markets.

Because markets included in Standard & Poor's emerging markets category vary widely in level of development, it is best to look at the entire category to identify the most significant market trends. And it is useful to remember that stock market trends may be distorted by currency conversions, especially when a currency has registered a significant devaluation.

value: Ratios of end-of-period levels in U.S. dollars over previous end-of-period values in U.S. dollars times 100. These indexes are widely used benchmarks for international portfolio management.


Kyrgyz Republic

iso2Code: KG

iso2code: XN

value: Lower middle income

iso2code: XI

value: IDA

capitalCity: Bishkek

country_code: KGZ

country_name: Kyrgyz Republic

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. That lowers transaction costs, which in turn improves 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.

The S&P Global Equity Index Series covers approximately 11,000 securities from over 80 countries. It includes the S&P Global Broad Market Index (BMI), S&P Global 1200, S&P/IFCI, and S&P Frontier BMI. All indices are float-adjusted, market capitalization-weighted indices and include security classifications for country, size, style and industry.

The S&P Global Broad Market Index (BMI) is a global index suite with a transparent, modular structure that has been fully float adjusted since 1989. This index series employs a transparent and consistent methodology across all countries and includes approximately 10,000 stocks from 26 developed and 20 emerging markets.

The S&P Global 1200, a real-time, tradable global equity index covers approximately 70 percent of the world's market capitalization, giving a detail view of the world economy. It is a composite of seven headline regional indices: S&P 500®, S&P Europe 350, S&P TOPIX 150, S&P/TSX 60, S&P/ASX All Australian 50, S&P Asia 50 and S&P Latin America 40.

value: S&P Global Equity Indices measure the U.S. dollar price change in the stock markets covered by the S&P/IFCI and S&P/Frontier BMI country indices.

value: Financial Sector: Capital markets


value: World Development Indicators

Cambodia

iso2Code: KH

value: East Asia & Pacific

value: East Asia & Pacific (excluding high income)

capitalCity: Phnom Penh

country_code: KHM

country_name: Cambodia

value: Annual

value: Standard & Poor's, Global Stock Markets Factbook and supplemental S&P data.


value: Financial Sector

Kiribati

iso2Code: KI

capitalCity: Tarawa

country_code: KIR

country_name: Kiribati

value: S&P Global Equity Indices (annual % change)


St. Kitts and Nevis

iso2Code: KN

iso2code: ZJ

value: Latin America & Caribbean

value: High income

value: IBRD

capitalCity: Basseterre

country_code: KNA

country_name: St. Kitts and Nevis


Korea, Rep.

iso2Code: KR

iso2code: XX

value: Not classified

capitalCity: Seoul

country_code: KOR

country_name: Korea, Rep.

value: CC BY-4.0

value:
The percentage change in stock market prices in U.S. dollars for developing economies is from Standard & Poor's Global Equity Indices (S&P IFCI) and Standard & Poor's Frontier Broad Market Index (BMI). The percentage change for France, Germany, Japan, the United Kingdom, and the United States is from local stock market prices.

The indicator is an important measure of overall performance. Regulatory and institutional factors that can affect investor confidence, such as entry and exit restrictions, the existence of a securities and exchange commission, and the quality of laws to protect investors, may influence the functioning of stock markets.

Because markets included in Standard & Poor's emerging markets category vary widely in level of development, it is best to look at the entire category to identify the most significant market trends. And it is useful to remember that stock market trends may be distorted by currency conversions, especially when a currency has registered a significant devaluation.


Kuwait

iso2Code: KW

iso2code: ZQ

value: Middle East & North Africa

iso2code: XD

capitalCity: Kuwait City

country_code: KWT

country_name: Kuwait

value: Ratios of end-of-period levels in U.S. dollars over previous end-of-period values in U.S. dollars times 100. These indexes are widely used benchmarks for international portfolio management.


iso2Code: XJ

name: Latin America & Caribbean (excluding high income)

value: Aggregates

country_code: LAC

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. That lowers transaction costs, which in turn improves 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.

The S&P Global Equity Index Series covers approximately 11,000 securities from over 80 countries. It includes the S&P Global Broad Market Index (BMI), S&P Global 1200, S&P/IFCI, and S&P Frontier BMI. All indices are float-adjusted, market capitalization-weighted indices and include security classifications for country, size, style and industry.

The S&P Global Broad Market Index (BMI) is a global index suite with a transparent, modular structure that has been fully float adjusted since 1989. This index series employs a transparent and consistent methodology across all countries and includes approximately 10,000 stocks from 26 developed and 20 emerging markets.

The S&P Global 1200, a real-time, tradable global equity index covers approximately 70 percent of the world's market capitalization, giving a detail view of the world economy. It is a composite of seven headline regional indices: S&P 500®, S&P Europe 350, S&P TOPIX 150, S&P/TSX 60, S&P/ASX All Australian 50, S&P Asia 50 and S&P Latin America 40.

value: S&P Global Equity Indices measure the U.S. dollar price change in the stock markets covered by the S&P/IFCI and S&P/Frontier BMI country indices.


value: World Development Indicators

Lao PDR

iso2Code: LA

value: East Asia & Pacific

value: Lower middle income

value: IDA

capitalCity: Vientiane

country_code: LAO

country_name: Lao PDR

value: Financial Sector: Capital markets


value: Financial Sector

Lebanon

iso2Code: LB

iso2code: XQ

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

iso2code: XF

capitalCity: Beirut

country_code: LBN

country_name: Lebanon

value: S&P Global Equity Indices (annual % change)

value: Annual

value: Standard & Poor's, Global Stock Markets Factbook and supplemental S&P data.


Liberia

iso2Code: LR

iso2code: ZG

value: Sub-Saharan Africa

iso2code: ZF

value: Sub-Saharan Africa (excluding high income)

iso2code: XM

value: Low income

capitalCity: Monrovia

country_code: LBR

country_name: Liberia

value: CC BY-4.0


Libya

iso2Code: LY

value: Middle East & North Africa

iso2code: XT

value: Upper middle income

value: IBRD

capitalCity: Tripoli

country_code: LBY

country_name: Libya

value:
The percentage change in stock market prices in U.S. dollars for developing economies is from Standard & Poor's Global Equity Indices (S&P IFCI) and Standard & Poor's Frontier Broad Market Index (BMI). The percentage change for France, Germany, Japan, the United Kingdom, and the United States is from local stock market prices.

The indicator is an important measure of overall performance. Regulatory and institutional factors that can affect investor confidence, such as entry and exit restrictions, the existence of a securities and exchange commission, and the quality of laws to protect investors, may influence the functioning of stock markets.

Because markets included in Standard & Poor's emerging markets category vary widely in level of development, it is best to look at the entire category to identify the most significant market trends. And it is useful to remember that stock market trends may be distorted by currency conversions, especially when a currency has registered a significant devaluation.

value: Ratios of end-of-period levels in U.S. dollars over previous end-of-period values in U.S. dollars times 100. These indexes are widely used benchmarks for international portfolio management.