Data / Rankings / Value of stocks traded / Countries

Countries by value of stocks traded, 2021

Hong Kong had the highest value of stocks traded of 76 countries in 2021, at 1,102.6% of GDP. Armenia had the lowest, at 0% of GDP. The median was 4.8% of GDP and the figure for the World was 140.8% of GDP. Source: the World Bank.

Highest1,102.6Hong Kong
Lowest0Armenia
Median4.876 countries
World140.8History

Top 40 countries, 2021

Hong Kong: 1,102.6 % of GDPHong Kong1,102.6South Korea: 288.3 % of GDPSouth Korea288.3China: 221.7 % of GDPChina221.7United States: 193.4 % of GDPUnited States193.4Japan: 121.4 % of GDPJapan121.4Thailand: 118.2 % of GDPThailand118.2Canada: 108.3 % of GDPCanada108.3Switzerland: 101.5 % of GDPSwitzerland101.5Brazil: 84.4 % of GDPBrazil84.4India: 72.6 % of GDPIndia72.6Australia: 68.4 % of GDPAustralia68.4Türkiye: 64.1 % of GDPTürkiye64.1South Africa: 61.4 % of GDPSouth Africa61.4Saudi Arabia: 60.4 % of GDPSaudi Arabia60.4Iran: 58.8 % of GDPIran58.8Malaysia: 54.7 % of GDPMalaysia54.7Vietnam: 51.9 % of GDPVietnam51.9Germany: 35 % of GDPGermany35United Arab Emirates: 28.3 % of GDPUnited Arab Emirates28.3Spain: 27.3 % of GDPSpain27.3Kuwait: 26.8 % of GDPKuwait26.8United Kingdom: 26.7 % of GDPUnited Kingdom26.7Israel: 21.7 % of GDPIsrael21.7Russia: 17.9 % of GDPRussia17.9Qatar: 17.2 % of GDPQatar17.2Indonesia: 17.1 % of GDPIndonesia17.1Chile: 13.3 % of GDPChile13.3Poland: 11.4 % of GDPPoland11.4Bangladesh: 10.1 % of GDPBangladesh10.1Philippines: 9.1 % of GDPPhilippines9.1New Zealand: 8.1 % of GDPNew Zealand8.1Greece: 7.6 % of GDPGreece7.6Austria: 7.3 % of GDPAustria7.3Mexico: 6.9 % of GDPMexico6.9Pakistan: 6 % of GDPPakistan6Sri Lanka: 6 % of GDPSri Lanka6Jordan: 5.3 % of GDPJordan5.3Egypt: 4.9 % of GDPEgypt4.9Hungary: 4.7 % of GDPHungary4.7Morocco: 3.1 % of GDPMorocco3.1
% of GDP. Source: World Bank, Stocks traded, total value (% of GDP) (CM.MKT.TRAD.GD.ZS). Retrieved 2026-10-12.

Full ranking

RankCountries2021
% of GDP		Change on 2020
1Hong Kong1,102.6+212.8 pts
2South Korea288.3-9.3 pts
3China221.7+11.1 pts
4United States193.4+1.1 pts
5Japan121.4-0.7 pts
6Thailand118.2+22 pts
7Canada108.3-9.7 pts
8Switzerland101.5-71.4 pts
9Brazil84.4-8.7 pts
10India72.6+3.7 pts
11Australia68.4-23.5 pts
12Türkiye64.1-54.3 pts
13South Africa61.4-25.5 pts
14Saudi Arabia60.4-2.8 pts
15Iran58.8-33.6 pts
16Malaysia54.7-19 pts
17Vietnam51.9+35.5 pts
18Germany35-11.5 pts
19United Arab Emirates28.3+17.8 pts
20Spain27.3-10.7 pts
21Kuwait26.8-2 pts
22United Kingdom26.7n/a
23Israel21.7-3.8 pts
24Russia17.9-0.7 pts
25Qatar17.2+1.2 pts
26Indonesia17.1+4.7 pts
27Chile13.3-3 pts
28Poland11.4-2.4 pts
29Bangladesh10.1+5.9 pts
30Philippines9.10 pts
31New Zealand8.1-2.3 pts
32Greece7.6-1.1 pts
33Austria7.3-1.8 pts
34Mexico6.9-0.5 pts
35Pakistan6-0.4 pts
36Sri Lanka6+3.8 pts
37Jordan5.3+2.2 pts
38Egypt4.9+0.8 pts
39Hungary4.7-2.4 pts
40Morocco3.1+0.1 pts
41Jamaica2.9+2.6 pts
42Mauritius2.6-0 pts
43Palestine2.3+1.1 pts
44Colombia2.3-1.4 pts
45Oman1.9+0.5 pts
46Czechia1.70 pts
47Lebanon1.5+0.8 pts
48Bahrain1.4-0.3 pts
49Tunisia1.2-0 pts
50Panama1+0.6 pts
51Peru0.9-0.1 pts
52Botswana0.8+0.4 pts
53Romania0.8-0.4 pts
54Zambia0.6+0.5 pts
55Slovenia0.6-0.3 pts
56Argentina0.5-0.2 pts
57Kazakhstan0.5+0.3 pts
58Kenya0.5-0 pts
59Croatia0.4-0.3 pts
60Bulgaria0.30 pts
61Bermuda0.3-0 pts
62Nigeria0.3-0.1 pts
63Namibia0.2-0.1 pts
64Malta0.2-0.3 pts
65Seychelles0.2-0.5 pts
66Cyprus0.1-0.1 pts
67Luxembourg0.10 pts
68Rwanda0-0.1 pts
69Costa Rica00 pts
70Uzbekistan00 pts
71Ghana0-0 pts
72Tanzania00 pts
73Azerbaijan0-0 pts
74Belarus00 pts
75Barbados0-0.1 pts
76Armenia0n/a

Other periods

About this ranking

Annual value of shares traded as a percentage of GDP. Each transaction is counted once and can include domestic and foreign shares.

Exchanges used different methods to count trading activity before 2001, which limits historical comparisons. Compiled by WDI from the World Federation of Exchanges. The latest year varies by country.

Every value in the ranking comes from the same publisher and the same period, so the countries are compared on one definition. 29 countries with data in other periods have no value for 2021 and are left out rather than filled from another source. Equal values share a rank.

How to cite

World Bank, World Development Indicators. Stocks traded, total value (% of GDP) (CM.MKT.TRAD.GD.ZS). https://data.worldbank.org/indicator/CM.MKT.TRAD.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). Stocks traded, total value (% of GDP) (CM.MKT.TRAD.GD.ZS) (Countries by value of stocks traded, 2021) [Data set]. Retrieved October 12, 2026, from https://data.worldbank.org/indicator/CM.MKT.TRAD.GD.ZS

MLA 9

Stocks traded, total value (% of GDP) (CM.MKT.TRAD.GD.ZS), Countries by value of stocks traded, 2021. World Bank, 8 Oct. 2026, https://data.worldbank.org/indicator/CM.MKT.TRAD.GD.ZS. Invokely, https://invokely.ai/rankings/stocks-traded-gdp/countries. Accessed 12 Oct. 2026.

Chicago (author-date)

World Bank. 2026. Stocks traded, total value (% of GDP) (CM.MKT.TRAD.GD.ZS). Countries by value of stocks traded, 2021. Dataset. Accessed October 12, 2026. https://data.worldbank.org/indicator/CM.MKT.TRAD.GD.ZS. Also distributed by Invokely, https://invokely.ai/rankings/stocks-traded-gdp/countries.

Harvard

World Bank (2026) Stocks traded, total value (% of GDP) (CM.MKT.TRAD.GD.ZS), Countries by value of stocks traded, 2021 [Dataset]. Available at: https://data.worldbank.org/indicator/CM.MKT.TRAD.GD.ZS, via Invokely: https://invokely.ai/rankings/stocks-traded-gdp/countries (Accessed: 12 October 2026).

BibTeX
@misc{world_countries_by_value_of_2021,
  author = {{World Bank}},
  title = {{Stocks traded, total value (\% of GDP) (CM.MKT.TRAD.GD.ZS): Countries by value of stocks traded, 2021}},
  year = {2026},
  howpublished = {Data set},
  url = {https://data.worldbank.org/indicator/CM.MKT.TRAD.GD.ZS},
  urldate = {2026-10-12},
  note = {Accessed via Invokely, https://invokely.ai/rankings/stocks-traded-gdp/countries. Publisher attribution: World Bank, World Development Indicators. Stocks traded, total value (\% of GDP) (CM.MKT.TRAD.GD.ZS). https://data.worldbank.org/indicator/CM.MKT.TRAD.GD.ZS. Retrieved 2026-10-12. Licensed under CC BY 4.0.},
}
RIS
TY  - DATA
AU  - World Bank
TI  - Stocks traded, total value (% of GDP) (CM.MKT.TRAD.GD.ZS): Countries by value of stocks traded, 2021
PY  - 2026
DA  - 2026/10/08
PB  - World Bank
DB  - Invokely
UR  - https://data.worldbank.org/indicator/CM.MKT.TRAD.GD.ZS
L2  - https://invokely.ai/rankings/stocks-traded-gdp/countries
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/rankings/stocks-traded-gdp/countries.
N1  - Publisher attribution: World Bank, World Development Indicators. Stocks traded, total value (% of GDP) (CM.MKT.TRAD.GD.ZS). https://data.worldbank.org/indicator/CM.MKT.TRAD.GD.ZS. Retrieved 2026-10-12. Licensed under CC BY 4.0.
ER  -
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Questions

Which country has the highest value of stocks traded?

Hong Kong, with 1,102.6% of GDP in 2021, according to the World Bank.

Which country has the lowest value of stocks traded?

Armenia, with 0% of GDP in 2021.

Where does this ranking come from?

Every value comes from one source and one period, so the places are comparable: World Bank, Stocks traded, total value (% of GDP) (CM.MKT.TRAD.GD.ZS). Retrieved 2026-10-12. 29 countries have no value for 2021 and are not ranked.

Value of stocks traded: other rankings

Countries: more rankings