Hong Kong SAR, China's market capitalization of listed domestic companies (% of GDP) was 1,425% in 2025, the latest year in the World Bank's World Development Indicators. That is up 395.59 percentage points from 1,029% in 2015.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 1,425% | 2025 |
| Five years earlier | 1,777% | 2020 |
| Ten years earlier | 1,029% | 2015 |
| Highest | 1,777% | 2020 |
| Lowest | 65.4% | 1983 |
| Average since 2016 | 1,278% | 2016–2025 |
| First recorded | 80.61% | 1975 |
What the numbers say
In 2025, Hong Kong SAR, China's market capitalization of listed domestic companies (% of GDP) rose 310.89 percentage points on 2024 (from 1,114% to 1,425%).
Across the 30 yearly changes before that (1995 to 2024), the average change was +30.52 percentage points and a typical year strayed about 237.25 percentage points from that (the standard deviation). This year's change was 1.2 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 470.96 percentage points in 2009 and the biggest yearly fall was 648.5 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 2016 to 2025 there is no clear straight-line trend: a straight line explains 3% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Hong Kong SAR, China had the 1st highest value of the 61 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Hong Kong SAR, China | 1,425% | 2025 |
| World | 148.54% | 2025 |
| East Asia & Pacific | 122.08% | 2025 |
| High income | 187.75% | 2025 |
Closest to Hong Kong SAR, China in the 2025 ranking
- South Africa — 2nd of 61: 327.24%
- India — 3rd of 61: 266.92%
- Switzerland — 4th of 61: 240.94%
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 51 values
| Year | Market capitalization of listed domestic companies (% of GDP) |
|---|---|
| 2025 | 1,425 |
| 2024 | 1,114 |
| 2023 | 1,044 |
| 2022 | 1,273 |
| 2021 | 1,473 |
| 2020 | 1,777 |
| 2019 | 1,349 |
| 2018 | 1,056 |
| 2017 | 1,275 |
| 2016 | 995.21 |
| 2015 |
Market capitalization of listed domestic companies (% of GDP) in nearby economies
- Australia — 113.87% (2025)
- China — 79.54% (2025)
- Indonesia — 65.69% (2025)
- Japan — 171.6% (2025)
- Korea, Rep. — 147.23% (2025)
- Malaysia — 103.23% (2025)
- New Zealand — 39.07% (2025)
- Papua New Guinea — 7.39% (2017)
- Philippines — 47.64% (2025)
More financial sector data for Hong Kong SAR, China
- DEC alternative conversion factor (LCU per US$) — US$7.8 (2025)
- Official exchange rate (LCU per US$, period average) — US$7.8 (2025)
- GDP deflator (base year varies by country) — 105.23 (2025)
- Inflation, GDP deflator (annual % growth) — 1.02% (2025)
- Market capitalization of listed domestic companies (current US$) — US$6.09 trillion (2025)
- Listed domestic companies, total — 2,508 (2025)
- Stocks traded, total value (current US$) — US$5.86 trillion (2025)
- Stocks traded, total value (% of GDP) — 1,372% (2025)
- Stocks traded, turnover ratio of domestic shares (%)
Reading data like this
Questions people ask
- What is Hong Kong SAR, China's market capitalization of listed domestic companies (% of GDP)?
- 1,425% in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1975?
- It is up 1,344 percentage points from 80.61% in 1975. The highest value was 1,777% in 2020 and the lowest 65.4% in 1983.
- How does Hong Kong SAR, China rank?
- 1st highest of 61 economies with data for 2025.
- Is the latest change in market capitalization of listed domestic companies (% of GDP) unusual for Hong Kong SAR, China?
- In 2025, Hong Kong SAR, China's market capitalization of listed domestic companies (% of GDP) rose 310.89 percentage points on 2024 (from 1,114% to 1,425%). Across the 30 yearly changes before that (1995 to 2024), the average change was +30.52 percentage points and a typical year strayed about 237.25 percentage points from that (the standard deviation). This year's change was 1.2 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
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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