Russian Federation's market capitalization of listed domestic companies (% of GDP) was 31.79% in 2023, the latest year in the World Bank's World Development Indicators. That is down 1.83 percentage points from 33.62% in 2013.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 31.79% | 2023 |
| Five years earlier | 34.76% | 2018 |
| Ten years earlier | 33.62% | 2013 |
| Highest | 62.38% | 2010 |
| Lowest | 18.74% | 2014 |
| Average since 2014 | 36.49% | 2014–2023 |
| First recorded | 62.3% | 2009 |
What the numbers say
In 2023, Russian Federation's market capitalization of listed domestic companies (% of GDP) rose 8.67 percentage points on 2022 (from 23.12% to 31.79%).
Across the 13 yearly changes before that (2010 to 2022), the average change was −3.01 percentage points and a typical year strayed about 12.81 percentage points from that (the standard deviation). This year's change was 0.9 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 19.88 percentage points in 2016 and the biggest yearly fall was 24.09 percentage points in 2011. 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 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
See how every economy compares in the full ranking.
| Value | Year | |
|---|---|---|
| Russian Federation | 31.79% | 2023 |
| World | 148.54% | 2025 |
| Europe & Central Asia | 53.2% | 2018 |
| High income | 187.75% | 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 15 values
| Year | Market capitalization of listed domestic companies (% of GDP) |
|---|---|
| 2023 | 31.79 |
| 2022 | 23.12 |
| 2021 | 46.02 |
| 2020 | 46.53 |
| 2019 | 46.75 |
| 2018 | 34.76 |
| 2017 | 39.6 |
| 2016 | 48.72 |
| 2015 | 28.84 |
| 2014 | 18.74 |
| 2013 |
Market capitalization of listed domestic companies (% of GDP) in nearby economies
More financial sector data for Russian Federation
- DEC alternative conversion factor (LCU per US$) — US$83.65 (2025)
- GDP deflator (base year varies by country) — 208.82 (2025)
- Inflation, GDP deflator (annual % growth) — 4.85% (2025)
- Inflation, GDP deflator, linked series (annual % growth) — 4.85% (2025)
- GDP deflator, linked series (base year varies by country) — 208.82 (2025)
- Consumer price index (2010 = 100) — 283.03 (2025)
- Inflation, consumer prices (annual % growth) — 8.72% (2025)
- Real effective exchange rate index (2010 = 100) — 92.21 (2025)
- Official exchange rate (LCU per US$, period average)
Reading data like this
Questions people ask
- What is Russian Federation's market capitalization of listed domestic companies (% of GDP)?
- 31.79% in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 2009?
- It is down 30.51 percentage points from 62.3% in 2009. The highest value was 62.38% in 2010 and the lowest 18.74% in 2014.
- Is the latest change in market capitalization of listed domestic companies (% of GDP) unusual for Russian Federation?
- In 2023, Russian Federation's market capitalization of listed domestic companies (% of GDP) rose 8.67 percentage points on 2022 (from 23.12% to 31.79%). Across the 13 yearly changes before that (2010 to 2022), the average change was −3.01 percentage points and a typical year strayed about 12.81 percentage points from that (the standard deviation). This year's change was 0.9 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
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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