Data / Rankings / Value of stocks traded / Countries

Countries by value of stocks traded

Hong Kong had the highest value of stocks traded of 76 countries in 2019, at 501.9% of GDP. Armenia had the lowest, at 0% of GDP. The median was 3.4% of GDP and the figure for the World was 98.5% of GDP. Source: the World Bank.

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Highest501.9Hong Kong
Lowest0Armenia
Median3.476 countries
World98.5History

Map of countries, 2019

United Arab Emirates: 6.7 % of GDPArmenia: 0 % of GDPArgentina: 0.7 % of GDPAustria: 7.6 % of GDPAustralia: 59.7 % of GDPAzerbaijan: 0 % of GDPBangladesh: 3.7 % of GDPBulgaria: 0.2 % of GDPBrazil: 55.4 % of GDPBotswana: 1 % of GDPBelarus: 0 % of GDPCanada: 82.2 % of GDPSwitzerland: 131.1 % of GDPCôte d’Ivoire: 0.2 % of GDPChile: 13.6 % of GDPChina: 125.3 % of GDPColombia: 4.3 % of GDPCosta Rica: 0.1 % of GDPCyprus: 0.2 % of GDPCzechia: 1.5 % of GDPGermany: 34.4 % of GDPEgypt: 3.4 % of GDPSpain: 35.6 % of GDPUnited Kingdom: 28.1 % of GDPGhana: 0 % of GDPGreece: 7.4 % of GDPHong Kong: 501.9 % of GDPCroatia: 0.5 % of GDPHungary: 5.3 % of GDPIndonesia: 10.5 % of GDPIsrael: 17.2 % of GDPIndia: 42.6 % of GDPIran: 28.2 % of GDPJamaica: 4.6 % of GDPJordan: 3.5 % of GDPJapan: 97.2 % of GDPKenya: 0.5 % of GDPSouth Korea: 110.1 % of GDPKuwait: 2.6 % of GDPCayman Islands: 0.1 % of GDPKazakhstan: 0.2 % of GDPLebanon: 0.4 % of GDPSri Lanka: 1.1 % of GDPLuxembourg: 0.1 % of GDPMorocco: 2.5 % of GDPMauritius: 2.5 % of GDPMalaysia: 29.7 % of GDPNamibia: 0.8 % of GDPNigeria: 0.4 % of GDPNorway: 24 % of GDPNew Zealand: 5.9 % of GDPOman: 2 % of GDPPanama: 0.5 % of GDPPeru: 0.7 % of GDPPhilippines: 8 % of GDPPoland: 8.4 % of GDPPalestine: 1.6 % of GDPQatar: 7.6 % of GDPRomania: 0.8 % of GDPRussia: 10.7 % of GDPRwanda: 0 % of GDPSaudi Arabia: 24.8 % of GDPSingapore: 30.3 % of GDPSlovenia: 0.3 % of GDPThailand: 67.5 % of GDPTunisia: 1.1 % of GDPTürkiye: 44.8 % of GDPUkraine: 0 % of GDPUnited States: 168.7 % of GDPVietnam: 9.4 % of GDPSouth Africa: 73.2 % of GDP
  • Under 1
  • 1 to 4
  • 4 to 11
  • 11 to 43
  • 43 and over
  • No data
% of GDP, 2019. Hatched areas have no value for this period. Source: World Bank, Stocks traded, total value (% of GDP) (CM.MKT.TRAD.GD.ZS). Boundaries: Natural Earth (public domain).

Top 40 countries, 2019

Hong Kong: 501.9 % of GDPHong Kong501.9United States: 168.7 % of GDPUnited States168.7Switzerland: 131.1 % of GDPSwitzerland131.1China: 125.3 % of GDPChina125.3South Korea: 110.1 % of GDPSouth Korea110.1Japan: 97.2 % of GDPJapan97.2Canada: 82.2 % of GDPCanada82.2South Africa: 73.2 % of GDPSouth Africa73.2Thailand: 67.5 % of GDPThailand67.5Australia: 59.7 % of GDPAustralia59.7Brazil: 55.4 % of GDPBrazil55.4Türkiye: 44.8 % of GDPTürkiye44.8India: 42.6 % of GDPIndia42.6Spain: 35.6 % of GDPSpain35.6Germany: 34.4 % of GDPGermany34.4Singapore: 30.3 % of GDPSingapore30.3Malaysia: 29.7 % of GDPMalaysia29.7Iran: 28.2 % of GDPIran28.2United Kingdom: 28.1 % of GDPUnited Kingdom28.1Saudi Arabia: 24.8 % of GDPSaudi Arabia24.8Norway: 24 % of GDPNorway24Israel: 17.2 % of GDPIsrael17.2Chile: 13.6 % of GDPChile13.6Russia: 10.7 % of GDPRussia10.7Indonesia: 10.5 % of GDPIndonesia10.5Vietnam: 9.4 % of GDPVietnam9.4Poland: 8.4 % of GDPPoland8.4Philippines: 8 % of GDPPhilippines8Qatar: 7.6 % of GDPQatar7.6Austria: 7.6 % of GDPAustria7.6Greece: 7.4 % of GDPGreece7.4United Arab Emirates: 6.7 % of GDPUnited Arab Emirates6.7New Zealand: 5.9 % of GDPNew Zealand5.9Hungary: 5.3 % of GDPHungary5.3Jamaica: 4.6 % of GDPJamaica4.6Colombia: 4.3 % of GDPColombia4.3Bangladesh: 3.7 % of GDPBangladesh3.7Jordan: 3.5 % of GDPJordan3.5Egypt: 3.4 % of GDPEgypt3.4Kuwait: 2.6 % of GDPKuwait2.6Hong Kong: 501.9 % of GDPHong Kong501.9United States: 168.7 % of GDPUnited States168.7Switzerland: 131.1 % of GDPSwitzerland131.1China: 125.3 % of GDPChina125.3South Korea: 110.1 % of GDPSouth Korea110.1Japan: 97.2 % of GDPJapan97.2Canada: 82.2 % of GDPCanada82.2South Africa: 73.2 % of GDPSouth Africa73.2Thailand: 67.5 % of GDPThailand67.5Australia: 59.7 % of GDPAustralia59.7Brazil: 55.4 % of GDPBrazil55.4Türkiye: 44.8 % of GDPTürkiye44.8India: 42.6 % of GDPIndia42.6Spain: 35.6 % of GDPSpain35.6Germany: 34.4 % of GDPGermany34.4Singapore: 30.3 % of GDPSingapore30.3Malaysia: 29.7 % of GDPMalaysia29.7Iran: 28.2 % of GDPIran28.2United Kingdom: 28.1 % of GDPUnited Kingdom28.1Saudi Arabia: 24.8 % of GDPSaudi Arabia24.8Norway: 24 % of GDPNorway24Israel: 17.2 % of GDPIsrael17.2Chile: 13.6 % of GDPChile13.6Russia: 10.7 % of GDPRussia10.7Indonesia: 10.5 % of GDPIndonesia10.5Vietnam: 9.4 % of GDPVietnam9.4Poland: 8.4 % of GDPPoland8.4Philippines: 8 % of GDPPhilippines8Qatar: 7.6 % of GDPQatar7.6Austria: 7.6 % of GDPAustria7.6Greece: 7.4 % of GDPGreece7.4United Arab Emirates: 6.7 % of GDPUnited Arab Emirates6.7New Zealand: 5.9 % of GDPNew Zealand5.9Hungary: 5.3 % of GDPHungary5.3Jamaica: 4.6 % of GDPJamaica4.6Colombia: 4.3 % of GDPColombia4.3Bangladesh: 3.7 % of GDPBangladesh3.7Jordan: 3.5 % of GDPJordan3.5Egypt: 3.4 % of GDPEgypt3.4Kuwait: 2.6 % of GDPKuwait2.6
% of GDP. Source: World Bank, Stocks traded, total value (% of GDP) (CM.MKT.TRAD.GD.ZS). Retrieved 2026-10-12.

Full ranking

RankCountries2019
% of GDP		Change on 2018
1Hong Kong501.9-124.8 pts
2United States168.7-68.8 pts
3Switzerland131.1+4.5 pts
4China125.3+33 pts
5South Korea110.1-24.5 pts
6Japan97.2-25.1 pts
7Canada82.2+2.5 pts
8South Africa73.2+0.4 pts
9Thailand67.5-8.8 pts
10Australia59.7+5.6 pts
11Brazil55.4+15.3 pts
12Türkiye44.8-2.1 pts
13India42.6-4 pts
14Spain35.6-7.9 pts
15Germany34.4-5.8 pts
16Singapore30.3-27.8 pts
17Malaysia29.7-8 pts
18Iran28.2+19.8 pts
19United Kingdom28.1n/a
20Saudi Arabia24.8-1.1 pts
21Norway24-2.2 pts
22Israel17.2+0.5 pts
23Chile13.6-1.8 pts
24Russia10.7+1.8 pts
25Indonesia10.5+0.5 pts
26Vietnam9.4-5.3 pts
27Poland8.4-0.8 pts
28Philippines8-0.5 pts
29Qatar7.6-2.8 pts
30Austria7.6-1.2 pts
31Greece7.4+1.9 pts
32United Arab Emirates6.7+1 pts
33New Zealand5.9+0.1 pts
34Hungary5.3-0.9 pts
35Jamaica4.6+1.3 pts
36Colombia4.3+0.2 pts
37Bangladesh3.7-1.3 pts
38Jordan3.5-1.5 pts
39Egypt3.4-2.2 pts
40Kuwait2.6n/a
41Mauritius2.5-0.5 pts
42Morocco2.5-0.5 pts
43Oman2-0.1 pts
44Bahrain1.9-0.6 pts
45Palestine1.6-0.6 pts
46Czechia1.5-0.6 pts
47Tunisia1.1-0.9 pts
48Sri Lanka1.1-0.1 pts
49Botswana10 pts
50Romania0.8-0.2 pts
51Namibia0.8+0.3 pts
52Peru0.7-0.3 pts
53Argentina0.7-0.2 pts
54Malta0.60 pts
55Bermuda0.6-0.1 pts
56Seychelles0.6+0.1 pts
57Panama0.5+0.1 pts
58Croatia0.5+0.1 pts
59Kenya0.5n/a
60Nigeria0.4-0.2 pts
61Lebanon0.4-0.3 pts
62Slovenia0.3n/a
63Côte d’Ivoire0.2n/a
64Bulgaria0.2-0.1 pts
65Barbados0.20 pts
66Cyprus0.2-0 pts
67Kazakhstan0.2-0.5 pts
68Luxembourg0.1-0 pts
69Cayman Islands0.1+0.1 pts
70Costa Rica0.1-0 pts
71Rwanda0-0.1 pts
72Belarus0-0 pts
73Ghana0n/a
74Azerbaijan0n/a
75Ukraine0-0 pts
76Armenia00 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. 29 countries with data in other periods have no value for 2019 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, 2019) [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, 2019. 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=2019. 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, 2019. 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=2019.

Harvard

World Bank (2026) Stocks traded, total value (% of GDP) (CM.MKT.TRAD.GD.ZS), Countries by value of stocks traded, 2019 [Dataset]. Available at: https://data.worldbank.org/indicator/CM.MKT.TRAD.GD.ZS, via Invokely: https://invokely.ai/rankings/stocks-traded-gdp/countries?period=2019 (Accessed: 12 October 2026).

BibTeX
@misc{world_countries_by_value_of_2019,
  author = {{World Bank}},
  title = {{Stocks traded, total value (\% of GDP) (CM.MKT.TRAD.GD.ZS): Countries by value of stocks traded, 2019}},
  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=2019. 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, 2019
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=2019
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/rankings/stocks-traded-gdp/countries?period=2019.
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 501.9% of GDP in 2019, according to the World Bank.

Which country has the lowest value of stocks traded?

Armenia, with 0% of GDP in 2019.

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 2019 and are not ranked.

Value of stocks traded: other rankings

Countries: more rankings