Belgium's market capitalization of listed domestic companies (% of GDP) was 59.17% in 2018, the latest year in the World Bank's World Development Indicators. That is up 26.85 percentage points from 32.32% in 2008.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 59.17% | 2018 |
| Five years earlier | 71.42% | 2013 |
| Ten years earlier | 32.32% | 2008 |
| Highest | 97.04% | 2006 |
| Lowest | 7.91% | 1980 |
| Average since 2009 | 67.1% | 2009–2018 |
| First recorded | 13.7% | 1975 |
What the numbers say
In 2018, Belgium's market capitalization of listed domestic companies (% of GDP) fell 28.23 percentage points on 2017 (from 87.4% to 59.17%).
Across the 30 yearly changes before that (1988 to 2017), the average change was +1.98 percentage points and a typical year strayed about 16.94 percentage points from that (the standard deviation). This year's change was 1.8 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 40.21 percentage points in 1998 and the biggest yearly fall was 49.55 percentage points in 2008. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2009 to 2018 the straight-line trend is upward, about 3.28 percentage points a year. A straight line explains 42% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
See how every economy compares in the full ranking.
| Value | Year | |
|---|---|---|
| Belgium | 59.17% | 2018 |
| World | 148.54% | 2025 |
| Europe & Central Asia | 53.2% | 2018 |
| High income | 187.75% | 2025 |
Closest to Belgium in the 2018 ranking
What this measures
Market capitalization (also known as market value) is the share price times the number of shares outstanding (including their several classes) for listed domestic companies. Investment funds, unit trusts, and companies whose only business goal is to hold shares of other listed companies are excluded. Data are end of year values.
Limitations: Data cover measures of size (market capitalization, number of listed domestic companies) and liquidity (value of shares traded as a percentage of gross domestic product, value of shares traded as a percentage of market capitalization). The comparability of such data across countries may be limited by conceptual and statistical weaknesses, such as inaccurate reporting and differences in accounting standards.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 44 values
| Year | Market capitalization of listed domestic companies (% of GDP) |
|---|---|
| 2018 | 59.17 |
| 2017 | 87.4 |
| 2016 | 79.73 |
| 2015 | 89.92 |
| 2014 | 70.36 |
| 2013 | 71.42 |
| 2012 | 60.09 |
| 2011 | 43.5 |
| 2010 | 55.8 |
| 2009 | 53.56 |
| 2008 |
Market capitalization of listed domestic companies (% of GDP) in nearby economies
More financial sector data for Belgium
- Consumer price index (2010 = 100) — 145.67 (2025)
- Inflation, consumer prices (annual % growth) — 2.47% (2025)
- GDP deflator (base year varies by country) — 120.8 (2025)
- DEC alternative conversion factor (LCU per US$) — US$0.88 (2025)
- Official exchange rate (LCU per US$, period average) — US$0.88 (2025)
- Inflation, GDP deflator (annual % growth) — 2.56% (2025)
- Real effective exchange rate index (2010 = 100) — 105.38 (2025)
- Market capitalization of listed domestic companies (current US$) — US$321.09 billion (2018)
- Listed domestic companies, total — 117 (2015)
Reading data like this
Questions people ask
- What is Belgium's market capitalization of listed domestic companies (% of GDP)?
- 59.17% in 2018, according to the World Bank (World Development Indicators).
- How has it changed since 1975?
- It is up 45.47 percentage points from 13.7% in 1975. The highest value was 97.04% in 2006 and the lowest 7.91% in 1980.
- Is the latest change in market capitalization of listed domestic companies (% of GDP) unusual for Belgium?
- In 2018, Belgium's market capitalization of listed domestic companies (% of GDP) fell 28.23 percentage points on 2017 (from 87.4% to 59.17%). Across the 30 yearly changes before that (1988 to 2017), the average change was +1.98 percentage points and a typical year strayed about 16.94 percentage points from that (the standard deviation). This year's change was 1.8 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
- Where does this data come from?
Source
World Bank, World Development Indicators, indicator CM.MKT.LCAP.GD.ZS, licensed CC BY 4.0. Original source: World Federation of Exchanges database, World Federation of Exchanges (WFE) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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