Europe & Central Asia (IDA & IBRD): Stocks traded, total value (% of GDP)

Key figures

What the numbers say

In 2023, Europe & Central Asia (IDA & IBRD)'s stocks traded, total value (% of GDP) rose 3.2 percentage points on 2022 (from 23.98% to 27.18%).

Across the 21 yearly changes before that (2002 to 2022), the average change was +0.51 percentage points and a typical year strayed about 9.74 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 21.03 percentage points in 2007 and the biggest yearly fall was 19.28 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 2014 to 2023 the straight-line trend is upward, about 1.61 percentage points a year. A straight line explains 50% 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.

What this measures

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

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

Regional and income-group figures are computed by the World Bank as a weighted average.

All 23 values

Stocks traded, total value (% of GDP) in nearby economies

• Bahrain — 3.31% (2025)
• Egypt, Arab Rep. — 6.5% (2025)
• Iran, Islamic Rep. — 6.04% (2025)
• Israel — 26.9% (2025)
• Jordan — 4.9% (2025)
• Kuwait — 52.17% (2025)
• Lebanon — 0.07% (2022)
• Malta — 0.21% (2025)
• Morocco — 7.27% (2025)
• Oman — 9.42% (2025)
• Pakistan

More financial sector data for Europe & Central Asia (IDA & IBRD)

• Domestic credit to private sector by banks (% of GDP) — 48.49% (2021)
• Monetary sector credit to private sector (% of GDP) — 48.5% (2021)
• Claims on central government, etc. (% of GDP) — 4.72% (2021)
• Broad money (% of GDP) — 64.34% (2020)
• Inflation, GDP deflator (annual % growth) — 4.77% (2025)
• Inflation, consumer prices (annual % growth) — 4.33% (2025)
• Listed domestic companies, total — 2,091 (2023)
• Stocks traded, turnover ratio of domestic shares (%)

Reading data like this

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Questions people ask

What is Europe & Central Asia (IDA & IBRD)'s stocks traded, total value (% of GDP)?

27.18% in 2023, according to the World Bank (World Development Indicators).

How has it changed since 2001?

It is up 13.99 percentage points from 13.19% in 2001. The highest value was 60.37% in 2007 and the lowest 13.02% in 2002.

Is the latest change in stocks traded, total value (% of GDP) unusual for Europe & Central Asia (IDA & IBRD)?

In 2023, Europe & Central Asia (IDA & IBRD)'s stocks traded, total value (% of GDP) rose 3.2 percentage points on 2022 (from 23.98% to 27.18%). Across the 21 yearly changes before that (2002 to 2022), the average change was +0.51 percentage points and a typical year strayed about 9.74 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Where does this data come from?

Source

World Bank, World Development Indicators, indicator CM.MKT.TRAD.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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