# Market capitalization of listed domestic companies

Year-end market value of listed domestic companies, based on share prices and shares outstanding, as a percentage of GDP.

## Key facts

- Market capitalization of listed domestic companies in the World was 148.5% of GDP in 2025, according to the World Bank.
- Market capitalization of listed domestic companies in the United States was 224% of GDP in 2025, according to the World Bank.
- Hong Kong had the highest market capitalization of listed domestic companies of 72 countries in 2023, at 1,043.9% of GDP, and Armenia the lowest, at 1.2% of GDP. Source: the World Bank.
- Published for 103 places, with figures from 1990 to 2025.
- Figures last updated on 2026-10-12.

- Indicator id: `stock_market_capitalization_gdp`
- Unit: % of GDP
- Note: Excludes investment funds, unit trusts and companies whose sole purpose is holding shares in other listed companies. WDI replaced its earlier stock market data with World Federation of Exchanges data in 2015, which can affect historical comparability. The latest year varies by country.
- Web page: https://invokely.ai/en/listed-market-capitalization-gdp
- API: https://invokely.ai/api/v1/indicators/stock_market_capitalization_gdp

## Latest figures

| Place | Period | % of GDP | Source |
|---|---|---:|---|
| World | 2025 | 148.5 | World Bank, World Development Indicators. Market capitalization of listed domestic companies (% of GDP) (CM.MKT.LCAP.GD.ZS). https://data.worldbank.org/indicator/CM.MKT.LCAP.GD.ZS. Retrieved 2026-10-12. Licensed under CC BY 4.0. |
| United States | 2025 | 224 | World Bank, World Development Indicators. Market capitalization of listed domestic companies (% of GDP) (CM.MKT.LCAP.GD.ZS). https://data.worldbank.org/indicator/CM.MKT.LCAP.GD.ZS. Retrieved 2026-10-12. Licensed under CC BY 4.0. |

## Rankings

- [Countries](https://invokely.ai/rankings/listed-market-capitalization-gdp/countries.md) (102 places)
- [EU countries](https://invokely.ai/rankings/listed-market-capitalization-gdp/eu-countries.md) (24 places)