Of the economies in the World Bank's latest release, China has the highest stocks traded, total value (current US$) (US$59.22 trillion in 2025) and Barbados the lowest (US$220,000 in 2021). The world figure is US$149.98 trillion (2025).
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 converted to U.S. dollars using corresponding year-end foreign exchange rates.
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.
Each country's latest available year is shown; countries report on different schedules, so compare years before comparing values.
Ranking
| # | Economy | Latest value | Year |
|---|---|---|---|
| 1 | China | US$59.22 trillion | 2025 |
| 2 | United States | US$55.47 trillion | 2025 |
| 3 | Japan | US$8.34 trillion | 2025 |
| 4 | Hong Kong SAR, China | US$5.86 trillion | 2025 |
| 5 | Korea, Rep. | US$3.3 trillion | 2025 |
| 6 | Canada | US$2.92 trillion | 2025 |
| 7 | India | US$2.87 trillion | 2025 |
| 8 | Germany | US$1.48 trillion | 2025 |
| 9 | France | US$1.33 trillion | 2015 |
| 10 | Australia | US$1.1 trillion | 2025 |
| 11 | Brazil | US$1.03 trillion | 2025 |
| 12 | Türkiye | US$977.1 billion | 2025 |
| 13 | Switzerland | US$893.44 billion | 2025 |
| 14 | United Kingdom | US$636.82 billion | 2023 |
| 15 | Spain | US$469.33 billion | 2025 |
| 16 | Saudi Arabia | US$333.03 billion | 2025 |
| 17 | Thailand | US$290.25 billion | 2025 |
| 18 | South Africa | US$284.15 billion | 2025 |
| 19 | Viet Nam | US$226.27 billion | 2025 |
| 20 | Indonesia | US$215.76 billion | 2025 |
| 21 | Russian Federation | US$214.43 billion | 2023 |
| 22 | Israel | US$164.33 billion | 2025 |
| 23 | United Arab Emirates | US$150.65 billion | 2025 |
| 24 | Malaysia | US$141.33 billion | 2025 |
| 25 | Mexico | US$127.06 billion | 2025 |
| 26 | Poland | US$121.8 billion | 2025 |
| 27 | Singapore | US$114.2 billion | 2019 |
| 28 | Norway | US$101.7 billion | 2019 |
| 29 | Kuwait | US$82.02 billion | 2025 |
| 30 | Chile | US$55.07 billion | 2025 |
| 31 | Greece | US$48.12 billion | 2025 |
| 32 | Austria | US$39.12 billion | 2025 |
| 33 | Ireland | US$32.08 billion | 2018 |
| 34 | Pakistan | US$30.93 billion | 2025 |
| 35 | Qatar | US$28.96 billion | 2025 |
| 36 | Philippines | US$24.59 billion | 2025 |
| 37 | Egypt, Arab Rep. | US$23.75 billion | 2025 |
| 38 | Iran, Islamic Rep. | US$21.9 billion | 2025 |
| 39 | Morocco | US$13.25 billion | 2025 |
| 40 | New Zealand | US$13.15 billion | 2025 |
| 41 | Hungary | US$13.06 billion | 2025 |
| 42 | Oman | US$10.33 billion | 2025 |
| 43 | Bangladesh | US$9.88 billion | 2025 |
| 44 | Colombia | US$9.49 billion | 2025 |
| 45 | Czechia | US$6.2 billion | 2025 |
| 46 | Nigeria | US$3.27 billion | 2025 |
| 47 | Sri Lanka | US$3.15 billion | 2025 |
| 48 | Romania | US$3.14 billion | 2025 |
| 49 | Jordan | US$3.02 billion | 2025 |
| 50 | Bahrain | US$1.62 billion | 2025 |
| 51 | Peru | US$1.33 billion | 2025 |
| 52 | Argentina | US$1.16 billion | 2023 |
| 53 | Tunisia | US$1.06 billion | 2025 |
| 54 | Slovenia | US$807.09 million | 2025 |
| 55 | Kenya | US$711.59 million | 2025 |
| 56 | Croatia | US$616.37 million | 2025 |
| 57 | Kazakhstan | US$586.96 million | 2025 |
| 58 | Panama | US$532.01 million | 2025 |
| 59 | Jamaica | US$422.26 million | 2025 |
| 60 | West Bank and Gaza | US$383.19 million | 2025 |
| 61 | Botswana | US$360.97 million | 2025 |
| 62 | Bulgaria | US$317.81 million | 2025 |
| 63 | Mauritius | US$259.19 million | 2025 |
| 64 | Côte d'Ivoire | US$169.1 million | 2020 |
| 65 | Cyprus | US$168.13 million | 2025 |
| 66 | Zambia | US$88.68 million | 2025 |
| 67 | Luxembourg | US$77.36 million | 2025 |
| 68 | Malta | US$57.66 million | 2025 |
| 69 | Costa Rica | US$43.71 million | 2022 |
| 70 | Ghana | US$40.58 million | 2025 |
| 71 | Namibia | US$22.56 million | 2024 |
| 72 | Lebanon | US$14.11 million | 2022 |
| 73 | Belarus | US$12.66 million | 2025 |
| 74 | Bermuda | US$9.76 million | 2025 |
| 75 | Ukraine | US$1.32 million | 2019 |
| 76 | Cayman Islands | US$1.3 million | 2020 |
| 77 | Papua New Guinea | US$900,000 | 2017 |
| 78 | Barbados | US$220,000 | 2021 |
Regions and income groups
More financial sector indicators
- S&P Global Equity Indices (annual % change)
- Market capitalization of listed domestic companies (current US$)
- Market capitalization of listed domestic companies (% of GDP)
- Listed domestic companies, total
- Stocks traded, total value (% of GDP)
- Stocks traded, turnover ratio of domestic shares (%)
- Bank nonperforming loans to total gross loans (%)
- Automated teller machines (ATMs) (per 100,000 adults)
- Bank capital to assets ratio (%)
- Commercial bank branches (per 100,000 adults)
- Borrowers from commercial banks (per 1,000 adults)
- Depositors with commercial banks (per 1,000 adults)
Reading data like this
Source
World Bank, World Development Indicators, CM.MKT.TRAD.CD, CC BY 4.0. Original source: World Federation of Exchanges database, World Federation of Exchanges (WFE) View on data.worldbank.org; the full definition is in the World Bank's metadata glossary.
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