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 2020, at 889.8% of GDP. Belarus had the lowest, at 0% of GDP. The median was 3% of GDP and the figure for the World was 142.4% of GDP. Source: the World Bank.

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Highest889.8Hong Kong
Lowest0Belarus
Median376 countries
World142.4History

Map of countries, 2020

United Arab Emirates: 10.5 % of GDPArgentina: 0.7 % of GDPAustria: 9.2 % of GDPAustralia: 92 % of GDPAzerbaijan: 0 % of GDPBangladesh: 4.2 % of GDPBulgaria: 0.3 % of GDPBrazil: 93.1 % of GDPBotswana: 0.4 % of GDPBelarus: 0 % of GDPCanada: 118 % of GDPSwitzerland: 173 % of GDPCôte d’Ivoire: 0.3 % of GDPChile: 16.3 % of GDPChina: 210.6 % of GDPColombia: 3.7 % of GDPCosta Rica: 0 % of GDPCyprus: 0.2 % of GDPCzechia: 1.7 % of GDPGermany: 46.6 % of GDPEgypt: 4.2 % of GDPSpain: 37.9 % of GDPGhana: 0 % of GDPGreece: 8.6 % of GDPHong Kong: 889.8 % of GDPCroatia: 0.6 % of GDPHungary: 7.1 % of GDPIndonesia: 12.4 % of GDPIsrael: 25.5 % of GDPIndia: 68.9 % of GDPIran: 92.4 % of GDPJamaica: 0.3 % of GDPJordan: 3.1 % of GDPJapan: 122.1 % of GDPKenya: 0.5 % of GDPSouth Korea: 297.6 % of GDPKuwait: 28.8 % of GDPCayman Islands: 0 % of GDPKazakhstan: 0.2 % of GDPLebanon: 0.7 % of GDPSri Lanka: 2.2 % of GDPLuxembourg: 0.1 % of GDPMorocco: 3 % of GDPMauritius: 2.7 % of GDPMexico: 7.4 % of GDPMalaysia: 73.7 % of GDPNamibia: 0.3 % of GDPNigeria: 0.4 % of GDPNew Zealand: 10.4 % of GDPOman: 1.4 % of GDPPanama: 0.4 % of GDPPeru: 1 % of GDPPhilippines: 9 % of GDPPakistan: 6.4 % of GDPPoland: 13.8 % of GDPPalestine: 1.2 % of GDPQatar: 16 % of GDPRomania: 1.2 % of GDPRussia: 18.5 % of GDPRwanda: 0.2 % of GDPSaudi Arabia: 63.2 % of GDPSlovenia: 0.9 % of GDPThailand: 96.2 % of GDPTunisia: 1.3 % of GDPTürkiye: 118.4 % of GDPTanzania: 0 % of GDPUnited States: 192.2 % of GDPUzbekistan: 0 % of GDPVietnam: 16.4 % of GDPSouth Africa: 86.9 % of GDPZambia: 0.1 % of GDP
  • Under 1
  • 1 to 4
  • 4 to 15
  • 15 to 89
  • 89 and over
  • No data
% of GDP, 2020. 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, 2020

Hong Kong: 889.8 % of GDPHong Kong889.8South Korea: 297.6 % of GDPSouth Korea297.6China: 210.6 % of GDPChina210.6United States: 192.2 % of GDPUnited States192.2Switzerland: 173 % of GDPSwitzerland173Japan: 122.1 % of GDPJapan122.1Türkiye: 118.4 % of GDPTürkiye118.4Canada: 118 % of GDPCanada118Thailand: 96.2 % of GDPThailand96.2Brazil: 93.1 % of GDPBrazil93.1Iran: 92.4 % of GDPIran92.4Australia: 92 % of GDPAustralia92South Africa: 86.9 % of GDPSouth Africa86.9Malaysia: 73.7 % of GDPMalaysia73.7India: 68.9 % of GDPIndia68.9Saudi Arabia: 63.2 % of GDPSaudi Arabia63.2Germany: 46.6 % of GDPGermany46.6Spain: 37.9 % of GDPSpain37.9Kuwait: 28.8 % of GDPKuwait28.8Israel: 25.5 % of GDPIsrael25.5Russia: 18.5 % of GDPRussia18.5Vietnam: 16.4 % of GDPVietnam16.4Chile: 16.3 % of GDPChile16.3Qatar: 16 % of GDPQatar16Poland: 13.8 % of GDPPoland13.8Indonesia: 12.4 % of GDPIndonesia12.4United Arab Emirates: 10.5 % of GDPUnited Arab Emirates10.5New Zealand: 10.4 % of GDPNew Zealand10.4Austria: 9.2 % of GDPAustria9.2Philippines: 9 % of GDPPhilippines9Greece: 8.6 % of GDPGreece8.6Mexico: 7.4 % of GDPMexico7.4Hungary: 7.1 % of GDPHungary7.1Pakistan: 6.4 % of GDPPakistan6.4Bangladesh: 4.2 % of GDPBangladesh4.2Egypt: 4.2 % of GDPEgypt4.2Colombia: 3.7 % of GDPColombia3.7Jordan: 3.1 % of GDPJordan3.1Morocco: 3 % of GDPMorocco3Mauritius: 2.7 % of GDPMauritius2.7Hong Kong: 889.8 % of GDPHong Kong889.8South Korea: 297.6 % of GDPSouth Korea297.6China: 210.6 % of GDPChina210.6United States: 192.2 % of GDPUnited States192.2Switzerland: 173 % of GDPSwitzerland173Japan: 122.1 % of GDPJapan122.1Türkiye: 118.4 % of GDPTürkiye118.4Canada: 118 % of GDPCanada118Thailand: 96.2 % of GDPThailand96.2Brazil: 93.1 % of GDPBrazil93.1Iran: 92.4 % of GDPIran92.4Australia: 92 % of GDPAustralia92South Africa: 86.9 % of GDPSouth Africa86.9Malaysia: 73.7 % of GDPMalaysia73.7India: 68.9 % of GDPIndia68.9Saudi Arabia: 63.2 % of GDPSaudi Arabia63.2Germany: 46.6 % of GDPGermany46.6Spain: 37.9 % of GDPSpain37.9Kuwait: 28.8 % of GDPKuwait28.8Israel: 25.5 % of GDPIsrael25.5Russia: 18.5 % of GDPRussia18.5Vietnam: 16.4 % of GDPVietnam16.4Chile: 16.3 % of GDPChile16.3Qatar: 16 % of GDPQatar16Poland: 13.8 % of GDPPoland13.8Indonesia: 12.4 % of GDPIndonesia12.4United Arab Emirates: 10.5 % of GDPUnited Arab Emirates10.5New Zealand: 10.4 % of GDPNew Zealand10.4Austria: 9.2 % of GDPAustria9.2Philippines: 9 % of GDPPhilippines9Greece: 8.6 % of GDPGreece8.6Mexico: 7.4 % of GDPMexico7.4Hungary: 7.1 % of GDPHungary7.1Pakistan: 6.4 % of GDPPakistan6.4Bangladesh: 4.2 % of GDPBangladesh4.2Egypt: 4.2 % of GDPEgypt4.2Colombia: 3.7 % of GDPColombia3.7Jordan: 3.1 % of GDPJordan3.1Morocco: 3 % of GDPMorocco3Mauritius: 2.7 % of GDPMauritius2.7
% of GDP. Source: World Bank, Stocks traded, total value (% of GDP) (CM.MKT.TRAD.GD.ZS). Retrieved 2026-10-12.

Full ranking

RankCountries2020
% of GDP		Change on 2019
1Hong Kong889.8+387.9 pts
2South Korea297.6+187.5 pts
3China210.6+85.3 pts
4United States192.2+23.5 pts
5Switzerland173+41.8 pts
6Japan122.1+24.9 pts
7Türkiye118.4+73.6 pts
8Canada118+35.9 pts
9Thailand96.2+28.7 pts
10Brazil93.1+37.6 pts
11Iran92.4+64.1 pts
12Australia92+32.3 pts
13South Africa86.9+13.8 pts
14Malaysia73.7+43.9 pts
15India68.9+26.3 pts
16Saudi Arabia63.2+38.4 pts
17Germany46.6+12.2 pts
18Spain37.9+2.3 pts
19Kuwait28.8+26.1 pts
20Israel25.5+8.3 pts
21Russia18.5+7.9 pts
22Vietnam16.4+7 pts
23Chile16.3+2.7 pts
24Qatar16+8.5 pts
25Poland13.8+5.4 pts
26Indonesia12.4+1.8 pts
27United Arab Emirates10.5+3.8 pts
28New Zealand10.4+4.6 pts
29Austria9.2+1.6 pts
30Philippines9+1.1 pts
31Greece8.6+1.2 pts
32Mexico7.4n/a
33Hungary7.1+1.9 pts
34Pakistan6.4n/a
35Bangladesh4.2+0.5 pts
36Egypt4.2+0.8 pts
37Colombia3.7-0.6 pts
38Jordan3.1-0.4 pts
39Morocco3+0.5 pts
40Mauritius2.7+0.1 pts
41Sri Lanka2.2+1.1 pts
42Czechia1.7+0.2 pts
43Bahrain1.7-0.2 pts
44Oman1.4-0.6 pts
45Tunisia1.3+0.2 pts
46Palestine1.2-0.4 pts
47Romania1.2+0.4 pts
48Peru1+0.4 pts
49Slovenia0.9+0.6 pts
50Argentina0.7+0.1 pts
51Lebanon0.7+0.4 pts
52Seychelles0.7+0.1 pts
53Croatia0.6+0.1 pts
54Kenya0.50 pts
55Malta0.4-0.2 pts
56Botswana0.4-0.5 pts
57Nigeria0.40 pts
58Panama0.4-0.2 pts
59Bermuda0.4-0.2 pts
60Namibia0.3-0.4 pts
61Bulgaria0.3+0.1 pts
62Jamaica0.3-4.3 pts
63Côte d’Ivoire0.30 pts
64Kazakhstan0.2+0.1 pts
65Rwanda0.2+0.1 pts
66Cyprus0.2-0.1 pts
67Barbados0.1-0.1 pts
68Zambia0.1n/a
69Luxembourg0.1-0 pts
70Costa Rica0-0 pts
71Ghana00 pts
72Uzbekistan0n/a
73Azerbaijan00 pts
74Tanzania0n/a
75Cayman Islands0-0 pts
76Belarus0-0 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. 29 countries with data in other periods have no value for 2020 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, 2020) [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, 2020. 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=2020. 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, 2020. 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=2020.

Harvard

World Bank (2026) Stocks traded, total value (% of GDP) (CM.MKT.TRAD.GD.ZS), Countries by value of stocks traded, 2020 [Dataset]. Available at: https://data.worldbank.org/indicator/CM.MKT.TRAD.GD.ZS, via Invokely: https://invokely.ai/rankings/stocks-traded-gdp/countries?period=2020 (Accessed: 12 October 2026).

BibTeX
@misc{world_countries_by_value_of_2020,
  author = {{World Bank}},
  title = {{Stocks traded, total value (\% of GDP) (CM.MKT.TRAD.GD.ZS): Countries by value of stocks traded, 2020}},
  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=2020. 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, 2020
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=2020
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/rankings/stocks-traded-gdp/countries?period=2020.
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 889.8% of GDP in 2020, according to the World Bank.

Which country has the lowest value of stocks traded?

Belarus, with 0% of GDP in 2020.

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 2020 and are not ranked.

Value of stocks traded: other rankings

Countries: more rankings