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

Key figures

What the numbers say

In 2018, Portugal's market capitalization of listed domestic companies (% of GDP) fell 8.64 percentage points on 2017 (from 34.22% to 25.58%).

Across the 20 yearly changes before that (1998 to 2017), the average change was +0.05 percentage points and a typical year strayed about 10.76 percentage points from that (the standard deviation). This year's change was 0.8 standard deviations below 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 17.5 percentage points in 1998 and the biggest yearly fall was 28.84 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 there is no clear straight-line trend: a straight line explains 22% 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.

Closest to Portugal in the 2018 ranking

• France — 1st of 5: 85.06%
• Belgium — 2nd of 5: 59.17%
• Ireland — 3rd of 5: 27.83%
• Algeria — 5th of 5: 0.19%

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 22 values

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

• Austria — 36.44% (2025)
• Belgium — 59.17% (2018)
• Bulgaria — 8.55% (2025)
• Croatia — 36.08% (2025)
• Cyprus — 67.74% (2025)
• Czechia — 14.16% (2025)
• France — 85.06% (2018)
• Germany — 57.39% (2025)
• Greece — 45.96% (2025)

More financial sector data for Portugal

• Consumer price index (2010 = 100) — 132.05 (2025)
• Inflation, consumer prices (annual % growth) — 2.34% (2025)
• GDP deflator (base year varies by country) — 125.87 (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) — 3.92% (2025)
• Real effective exchange rate index (2010 = 100) — 96.48 (2025)
• Listed domestic companies, total — 40 (2018)
• Inflation, GDP deflator, linked series (annual % growth) — 3.92% (2025)

Reading data like this

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Questions people ask

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

25.58% in 2018, according to the World Bank (World Development Indicators).

How has it changed since 1997?

It is down 7.71 percentage points from 33.29% in 1997. The highest value was 54.99% in 2007 and the lowest 25.11% in 2014.

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

In 2018, Portugal's market capitalization of listed domestic companies (% of GDP) fell 8.64 percentage points on 2017 (from 34.22% to 25.58%). Across the 20 yearly changes before that (1998 to 2017), the average change was +0.05 percentage points and a typical year strayed about 10.76 percentage points from that (the standard deviation). This year's change was 0.8 standard deviations below 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.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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