Data / Rankings / Value of stocks traded / Countries

Countries by value of stocks traded

Hong Kong had the highest value of stocks traded of 77 countries in 2008, at 715.2% of GDP. Slovakia had the lowest, at 0% of GDP. The median was 13.5% of GDP and the figure for the World was 138.8% of GDP. Source: the World Bank.

Highest715.2Hong Kong
Lowest0Slovakia
Median13.577 countries
World138.8History

Top 40 countries, 2008

Hong Kong: 715.2 % of GDPHong Kong715.2United States: 319.9 % of GDPUnited States319.9Switzerland: 245.8 % of GDPSwitzerland245.8Singapore: 130.7 % of GDPSingapore130.7Japan: 120.3 % of GDPJapan120.3Germany: 110 % of GDPGermany110South Korea: 108.8 % of GDPSouth Korea108.8Jordan: 106 % of GDPJordan106Spain: 105.6 % of GDPSpain105.6Netherlands: 101.3 % of GDPNetherlands101.3Saudi Arabia: 100.7 % of GDPSaudi Arabia100.7Canada: 96.8 % of GDPCanada96.8United Kingdom: 92.9 % of GDPUnited Kingdom92.9India: 86.5 % of GDPIndia86.5China: 83.7 % of GDPChina83.7France: 82.2 % of GDPFrance82.2Australia: 79.3 % of GDPAustralia79.3Russia: 69.5 % of GDPRussia69.5South Africa: 64.1 % of GDPSouth Africa64.1Egypt: 58.9 % of GDPEgypt58.9Norway: 57.6 % of GDPNorway57.6Italy: 57.3 % of GDPItaly57.3Israel: 43.4 % of GDPIsrael43.4Qatar: 41.8 % of GDPQatar41.8Belgium: 36.9 % of GDPBelgium36.9Thailand: 36.4 % of GDPThailand36.4Malaysia: 35.7 % of GDPMalaysia35.7Brazil: 33.6 % of GDPBrazil33.6Portugal: 28.8 % of GDPPortugal28.8Türkiye: 28.5 % of GDPTürkiye28.5Greece: 23.3 % of GDPGreece23.3Austria: 22.9 % of GDPAustria22.9United Arab Emirates: 22.5 % of GDPUnited Arab Emirates22.5Pakistan: 20.9 % of GDPPakistan20.9Hungary: 17.4 % of GDPHungary17.4Chile: 16 % of GDPChile16Indonesia: 14.9 % of GDPIndonesia14.9Czechia: 13.6 % of GDPCzechia13.6Morocco: 13.5 % of GDPMorocco13.5Oman: 12.6 % of GDPOman12.6
% of GDP. Source: World Bank, Stocks traded, total value (% of GDP) (CM.MKT.TRAD.GD.ZS). Retrieved 2026-10-12.

Full ranking

RankCountries2008
% of GDP		Change on 2007
1Hong Kong715.2-237.5 pts
2United States319.9+23.8 pts
3Switzerland245.8-6.5 pts
4Singapore130.7-80 pts
5Japan120.3-22.1 pts
6Germany110+16.6 pts
7South Korea108.8-48.3 pts
8Jordan106+4.2 pts
9Spain105.6-48.7 pts
10Netherlands101.3-79.3 pts
11Saudi Arabia100.7-63.3 pts
12Canada96.8-22 pts
13United Kingdom92.9-34.3 pts
14India86.5-3.1 pts
15China83.7-91.3 pts
16France82.2-26.8 pts
17Australia79.3-81 pts
18Russia69.5-28.7 pts
19South Africa64.1-13.3 pts
20Egypt58.9+11.7 pts
21Norway57.6-42.4 pts
22Italy57.3-42.3 pts
23Israel43.4-10.5 pts
24Qatar41.8+4.2 pts
25Belgium36.9-12.3 pts
26Thailand36.4-6.5 pts
27Malaysia35.7-44.2 pts
28Brazil33.6-12.6 pts
29Portugal28.8-28.3 pts
30Türkiye28.5-18.9 pts
31Greece23.3-15.4 pts
32Austria22.9-10.5 pts
33United Arab Emirates22.5+4.1 pts
34Pakistan20.9-33.3 pts
35Hungary17.4-16.3 pts
36Chile16-10.1 pts
37Indonesia14.9-7.1 pts
38Czechia13.6-6.2 pts
39Morocco13.5-13.1 pts
40Oman12.6-1.7 pts
41Palestine11.7+0.8 pts
42Vietnam10.2n/a
43Poland9.7-11.3 pts
44Bahrain8.1+3.3 pts
45Colombia7.4-0.9 pts
46Mexico7.3-3.4 pts
47Philippines6.8-8.7 pts
48Cyprus6.4-12.2 pts
49Ireland6.4-2.8 pts
50Lebanon5.9+2 pts
51Nigeria4.9-1.3 pts
52Croatia4.7-2.7 pts
53Iran3.6+1.3 pts
54Mauritius3.4-1.5 pts
55Peru3.1-4.8 pts
56Luxembourg3+2.6 pts
57Kazakhstan2.8-5.8 pts
58New Zealand2.5-1.9 pts
59Slovenia2.4-3.7 pts
60Bulgaria2.4-12.9 pts
61Sri Lanka2.4-0.6 pts
62Serbia2.2-4.7 pts
63Kenya2.1-1.5 pts
64Montenegro1.8-7.9 pts
65Bangladesh1.6+0.7 pts
66Bermuda1.5-0.9 pts
67Panama1.1-0.5 pts
68Ghana1+0.4 pts
69Argentina0.9-0.8 pts
70Côte d’Ivoire0.9+0.3 pts
71Malta0.7-0.5 pts
72Romania0.6-1 pts
73Papua New Guinea0.6-0 pts
74Costa Rica0.2-0.1 pts
75Namibia0.2-0.1 pts
76Cayman Islands0-0.1 pts
77Slovakia0-0 pts

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. 28 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. 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, 2008) [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, 2008. World Bank, 8 Oct. 2026, https://data.worldbank.org/indicator/CM.MKT.TRAD.GD.ZS. Invokely, https://invokely.ai/rankings/stocks-traded-gdp/countries?period=2008. 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, 2008. 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?period=2008.

Harvard

World Bank (2026) Stocks traded, total value (% of GDP) (CM.MKT.TRAD.GD.ZS), Countries by value of stocks traded, 2008 [Dataset]. Available at: https://data.worldbank.org/indicator/CM.MKT.TRAD.GD.ZS, via Invokely: https://invokely.ai/rankings/stocks-traded-gdp/countries?period=2008 (Accessed: 12 October 2026).

BibTeX
@misc{world_countries_by_value_of_2008,
  author = {{World Bank}},
  title = {{Stocks traded, total value (\% of GDP) (CM.MKT.TRAD.GD.ZS): Countries by value of stocks traded, 2008}},
  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?period=2008. 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, 2008
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?period=2008
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/rankings/stocks-traded-gdp/countries?period=2008.
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 715.2% of GDP in 2008, according to the World Bank.

Which country has the lowest value of stocks traded?

Slovakia, with 0% 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, Stocks traded, total value (% of GDP) (CM.MKT.TRAD.GD.ZS). Retrieved 2026-10-12. 28 countries have no value for 2008 and are not ranked.

Value of stocks traded: other rankings

Countries: more rankings