Lebanon's market capitalization of listed domestic companies (% of GDP) was 45.73% in 2021, the latest year in the World Bank's World Development Indicators. That is up 23.07 percentage points from 22.66% in 2011.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 45.73% | 2021 |
| Five years earlier | 23.7% | 2016 |
| Ten years earlier | 22.66% | 2011 |
| Highest | 45.73% | 2021 |
| Lowest | 6.93% | 2002 |
| Average since 2012 | 23.46% | 2012–2021 |
| First recorded | 17.5% | 1996 |
What the numbers say
In 2021, Lebanon's market capitalization of listed domestic companies (% of GDP) rose 24.59 percentage points on 2020 (from 21.14% to 45.73%).
Across the 24 yearly changes before that (1997 to 2020), the average change was +0.15 percentage points and a typical year strayed about 5.7 percentage points from that (the standard deviation). This year's change was 4.3 standard deviations above that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 24.59 percentage points in 2021 and the biggest yearly fall was 10.37 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 2012 to 2021 there is no clear straight-line trend: a straight line explains 12% 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
See how every economy compares in the full ranking.
| Value | Year | |
|---|---|---|
| Lebanon | 45.73% | 2021 |
| World | 148.54% | 2025 |
| Lower middle income | 176.42% | 2025 |
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 26 values
| Year | Market capitalization of listed domestic companies (% of GDP) |
|---|---|
| 2021 | 45.73 |
| 2020 | 21.14 |
| 2019 | 14.99 |
| 2018 | 17.62 |
| 2017 | 21.67 |
| 2016 | 23.7 |
| 2015 | 22.79 |
| 2014 | 23.55 |
| 2013 | 22.76 |
| 2012 | 20.63 |
| 2011 |
Market capitalization of listed domestic companies (% of GDP) in nearby economies
- Algeria — 0.19% (2018)
- Bahrain — 43.52% (2025)
- Egypt, Arab Rep. — 17.21% (2025)
- Iran, Islamic Rep. — 51.18% (2025)
- Israel — 61.02% (2024)
- Jordan — 60.65% (2025)
- Kuwait — 109.49% (2025)
- Malta — 19.26% (2025)
- Morocco — 62.51% (2025)
More financial sector data for Lebanon
- Official exchange rate (LCU per US$, period average) — US$89,500 (2025)
- Net foreign assets (current LCU) — 51.57 trillion (2017)
- Claims on central government (annual growth as % of broad money) — -21.28% (2018)
- Net domestic credit (current LCU) — 160.19 trillion (2017)
- Broad money (current LCU) — 208.34 trillion (2017)
- Claims on private sector (annual growth as % of broad money) — 2.5% (2017)
- Broad money (annual % growth) — 4.21% (2017)
- DEC alternative conversion factor (LCU per US$) — US$89,500 (2025)
- Deposit interest rate (%) — 9.7% (2019)
- Lending interest rate (%)
Reading data like this
Questions people ask
- What is Lebanon's market capitalization of listed domestic companies (% of GDP)?
- 45.73% in 2021, according to the World Bank (World Development Indicators).
- How has it changed since 1996?
- It is up 28.22 percentage points from 17.5% in 1996. The highest value was 45.73% in 2021 and the lowest 6.93% in 2002.
- Is the latest change in market capitalization of listed domestic companies (% of GDP) unusual for Lebanon?
- In 2021, Lebanon's market capitalization of listed domestic companies (% of GDP) rose 24.59 percentage points on 2020 (from 21.14% to 45.73%). Across the 24 yearly changes before that (1997 to 2020), the average change was +0.15 percentage points and a typical year strayed about 5.7 percentage points from that (the standard deviation). This year's change was 4.3 standard deviations above that average, so it was unusually large compared with the rest of the record.
- 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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