Bermuda: Market capitalization of listed domestic companies (% of GDP)

Key figures

What the numbers say

In 2024, Bermuda's market capitalization of listed domestic companies (% of GDP) rose 18.74 percentage points on 2023 (from 2.23% to 20.97%).

Across the 23 yearly changes before that (2001 to 2023), the average change was −2.58 percentage points and a typical year strayed about 11.51 percentage points from that (the standard deviation). This year's change was 1.9 standard deviations above 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 18.74 percentage points in 2024 and the biggest yearly fall was 36.74 percentage points in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is downward, about 3.67 percentage points a year. A straight line explains 46% 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.

Closest to Bermuda in the 2024 ranking

• United Arab Emirates — 1st of 4: 190.86%
• Israel — 2nd of 4: 61.02%
• Namibia — 4th of 4: 18.18%

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 25 values

Market capitalization of listed domestic companies (% of GDP) in nearby economies

• Canada — 199.2% (2025)
• United States — 224.05% (2025)

More financial sector data for Bermuda

• DEC alternative conversion factor (LCU per US$) — US$1 (2025)
• Official exchange rate (LCU per US$, period average) — US$1 (2025)
• GDP deflator (base year varies by country) — 129.48 (2024)
• Inflation, GDP deflator (annual % growth) — 4.9% (2024)
• Inflation, GDP deflator, linked series (annual % growth) — 4.9% (2024)
• GDP deflator, linked series (base year varies by country) — 129.48 (2024)
• Listed domestic companies, total — 9 (2025)
• Stocks traded, total value (current US$) — US$9.76 million (2025)
• Stocks traded, total value (% of GDP) — 0.12% (2024)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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Questions people ask

What is Bermuda's market capitalization of listed domestic companies (% of GDP)?

20.97% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2000?

It is down 40.69 percentage points from 61.66% in 2000. The highest value was 69.5% in 2001 and the lowest 2.23% in 2023.

Is the latest change in market capitalization of listed domestic companies (% of GDP) unusual for Bermuda?

In 2024, Bermuda's market capitalization of listed domestic companies (% of GDP) rose 18.74 percentage points on 2023 (from 2.23% to 20.97%). Across the 23 yearly changes before that (2001 to 2023), the average change was −2.58 percentage points and a typical year strayed about 11.51 percentage points from that (the standard deviation). This year's change was 1.9 standard deviations above 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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