Data / Rankings / Market capitalization of listed domestic companies / EU countries

EU countries by market capitalization of listed domestic companies, 2008

Luxembourg had the highest market capitalization of listed domestic companies of 21 EU countries in 2008, at 113.2% of GDP. Slovakia had the lowest, at 5.6% of GDP. The median was 25.7% of GDP. Source: the World Bank.

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Highest113.2Luxembourg
Lowest5.6Slovakia
Median25.721 EU countries

Map of EU countries, 2008

Austria: 17.8 % of GDPBelgium: 32.3 % of GDPBulgaria: 16.3 % of GDPCyprus: 28.6 % of GDPCzechia: 17.3 % of GDPGermany: 29.2 % of GDPSpain: 58 % of GDPFrance: 50.3 % of GDPGreece: 25.7 % of GDPCroatia: 39.6 % of GDPHungary: 11.7 % of GDPIreland: 18 % of GDPItaly: 21.6 % of GDPLuxembourg: 113.2 % of GDPMalta: 39 % of GDPNetherlands: 40.6 % of GDPPoland: 17 % of GDPPortugal: 26.1 % of GDPRomania: 7.1 % of GDPSlovenia: 21.3 % of GDPSlovakia: 5.6 % of GDP
  • Under 17
  • 17 to 21
  • 21 to 29
  • 29 to 40
  • 40 and over
  • No data
% of GDP, 2008. Hatched areas have no value for this period. Source: World Bank, Market capitalization of listed domestic companies (% of GDP) (CM.MKT.LCAP.GD.ZS). Boundaries: Natural Earth (public domain).

All EU countries, 2008

Luxembourg: 113.2 % of GDPLuxembourg113.2Spain: 58 % of GDPSpain58France: 50.3 % of GDPFrance50.3Netherlands: 40.6 % of GDPNetherlands40.6Croatia: 39.6 % of GDPCroatia39.6Malta: 39 % of GDPMalta39Belgium: 32.3 % of GDPBelgium32.3Germany: 29.2 % of GDPGermany29.2Cyprus: 28.6 % of GDPCyprus28.6Portugal: 26.1 % of GDPPortugal26.1Greece: 25.7 % of GDPGreece25.7Italy: 21.6 % of GDPItaly21.6Slovenia: 21.3 % of GDPSlovenia21.3Ireland: 18 % of GDPIreland18Austria: 17.8 % of GDPAustria17.8Czechia: 17.3 % of GDPCzechia17.3Poland: 17 % of GDPPoland17Bulgaria: 16.3 % of GDPBulgaria16.3Hungary: 11.7 % of GDPHungary11.7Romania: 7.1 % of GDPRomania7.1Slovakia: 5.6 % of GDPSlovakia5.6Luxembourg: 113.2 % of GDPLuxembourg113.2Spain: 58 % of GDPSpain58France: 50.3 % of GDPFrance50.3Netherlands: 40.6 % of GDPNetherlands40.6Croatia: 39.6 % of GDPCroatia39.6Malta: 39 % of GDPMalta39Belgium: 32.3 % of GDPBelgium32.3Germany: 29.2 % of GDPGermany29.2Cyprus: 28.6 % of GDPCyprus28.6Portugal: 26.1 % of GDPPortugal26.1Greece: 25.7 % of GDPGreece25.7Italy: 21.6 % of GDPItaly21.6Slovenia: 21.3 % of GDPSlovenia21.3Ireland: 18 % of GDPIreland18Austria: 17.8 % of GDPAustria17.8Czechia: 17.3 % of GDPCzechia17.3Poland: 17 % of GDPPoland17Bulgaria: 16.3 % of GDPBulgaria16.3Hungary: 11.7 % of GDPHungary11.7Romania: 7.1 % of GDPRomania7.1Slovakia: 5.6 % of GDPSlovakia5.6
% of GDP. Source: World Bank, Market capitalization of listed domestic companies (% of GDP) (CM.MKT.LCAP.GD.ZS). Retrieved 2026-10-12.

Full ranking

RankEU countries2008
% of GDP		Change on 2007
1Luxembourg113.2-208.7 pts
2Spain58-63.9 pts
3France50.3-52.9 pts
4Netherlands40.6-71.4 pts
5Croatia39.6-78.8 pts
6Malta39-32.2 pts
7Belgium32.3-49.5 pts
8Germany29.2-31.3 pts
9Cyprus28.6-43.4 pts
10Portugal26.1-28.8 pts
11Greece25.7-58.6 pts
12Italy21.6-26.7 pts
13Slovenia21.3-39 pts
14Ireland18-35.3 pts
15Austria17.8-43.4 pts
16Czechia17.3-19 pts
17Poland17-32.3 pts
18Bulgaria16.3-32.5 pts
19Hungary11.7-21.3 pts
20Romania7.1-10.5 pts
21Slovakia5.6-3.4 pts

Other periods

About this ranking

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

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.

Every value in the ranking comes from the same publisher and the same period, so the EU countries are compared on one definition. 3 EU countries with data in other periods have no value for 2008 and are left out rather than filled from another source. Equal values share a rank.

How to cite

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.

Citation styles

The publisher is the author. Invokely is named only as the place the figures were read, where a style asks for it.

APA 7

World Bank. (2026). Market capitalization of listed domestic companies (% of GDP) (CM.MKT.LCAP.GD.ZS) (EU countries by market capitalization of listed domestic companies, 2008) [Data set]. Retrieved October 12, 2026, from https://data.worldbank.org/indicator/CM.MKT.LCAP.GD.ZS

MLA 9

Market capitalization of listed domestic companies (% of GDP) (CM.MKT.LCAP.GD.ZS), EU countries by market capitalization of listed domestic companies, 2008. World Bank, 8 Oct. 2026, https://data.worldbank.org/indicator/CM.MKT.LCAP.GD.ZS. Invokely, https://invokely.ai/rankings/listed-market-capitalization-gdp/eu-countries. Accessed 12 Oct. 2026.

Chicago (author-date)

World Bank. 2026. Market capitalization of listed domestic companies (% of GDP) (CM.MKT.LCAP.GD.ZS). EU countries by market capitalization of listed domestic companies, 2008. Dataset. Accessed October 12, 2026. https://data.worldbank.org/indicator/CM.MKT.LCAP.GD.ZS. Also distributed by Invokely, https://invokely.ai/rankings/listed-market-capitalization-gdp/eu-countries.

Harvard

World Bank (2026) Market capitalization of listed domestic companies (% of GDP) (CM.MKT.LCAP.GD.ZS), EU countries by market capitalization of listed domestic companies, 2008 [Dataset]. Available at: https://data.worldbank.org/indicator/CM.MKT.LCAP.GD.ZS, via Invokely: https://invokely.ai/rankings/listed-market-capitalization-gdp/eu-countries (Accessed: 12 October 2026).

BibTeX
@misc{world_eu_countries_by_market_2008,
  author = {{World Bank}},
  title = {{Market capitalization of listed domestic companies (\% of GDP) (CM.MKT.LCAP.GD.ZS): EU countries by market capitalization of listed domestic companies, 2008}},
  year = {2026},
  howpublished = {Data set},
  url = {https://data.worldbank.org/indicator/CM.MKT.LCAP.GD.ZS},
  urldate = {2026-10-12},
  note = {Accessed via Invokely, https://invokely.ai/rankings/listed-market-capitalization-gdp/eu-countries. Publisher attribution: 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.},
}
RIS
TY  - DATA
AU  - World Bank
TI  - Market capitalization of listed domestic companies (% of GDP) (CM.MKT.LCAP.GD.ZS): EU countries by market capitalization of listed domestic companies, 2008
PY  - 2026
DA  - 2026/10/08
PB  - World Bank
DB  - Invokely
UR  - https://data.worldbank.org/indicator/CM.MKT.LCAP.GD.ZS
L2  - https://invokely.ai/rankings/listed-market-capitalization-gdp/eu-countries
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/rankings/listed-market-capitalization-gdp/eu-countries.
N1  - Publisher attribution: 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.
ER  -
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Questions

Which EU country has the highest market capitalization of listed domestic companies?

Luxembourg, with 113.2% of GDP in 2008, according to the World Bank.

Which EU country has the lowest market capitalization of listed domestic companies?

Slovakia, with 5.6% of GDP in 2008.

Where does this ranking come from?

Every value comes from one source and one period, so the places are comparable: World Bank, Market capitalization of listed domestic companies (% of GDP) (CM.MKT.LCAP.GD.ZS). Retrieved 2026-10-12. 3 EU countries have no value for 2008 and are not ranked.

Market capitalization of listed domestic companies: other rankings

EU countries: more rankings