Armenia Market Capitalization
Market capitalization of listed domestic companies as % of GDP CM.MKT.LCAP.GD.ZS
Armenia's market capitalization was 15.67% in 2025, ranked 56th globally. This represents a 16.1% decrease from 2024. Data from World Bank, covering 2018–2025.
Overview
Armenia's market capitalization stood at 15.67% in 2025, a decline of +3.00% from 2024. Based on recent trends, this figure is projected to reach 15.67% by 2025. Armenia ranked 56th globally.
Armenia's market capitalization has experienced a significant surge in recent years, with the latest value reaching 15.67 billion US dollars, ranking 56th globally. This represents a substantial increase from the 0.38 billion US dollars recorded in 2018, marking the beginning of the country's coverage period. In fact, the market capitalization has more than quadrupled since then, with the notable exception of the trough in 2021 when it dipped to 0.21 billion US dollars, a 55% decrease from the previous year. Notably, Armenia's market capitalization surpassed that of Sri Lanka's in 2024, reaching an all-time peak of 18.67 billion US dollars. This growth trajectory is reflective of the country's efforts to attract foreign investment and develop its capital markets. However, a decline in global economic sentiment or a significant shift in investor confidence could potentially alter this trajectory, impacting Armenia's market capitalization in the years to come.
Data & projection
| Year | Market Capitalization | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 23.24% | - | - |
| 2026* trend | 19.46% | - | - |
| 2025* trend | 15.67% | - | - |
| 2025 | 15.67% | −3.00% | #56 |
| 2024 | 18.67% | +17.52% | #50 |
| 2023 | 1.16% | −0.14% | #71 |
| 2022 | 1.29% | +1.08% | #75 |
| 2021 | 0.21% | −0.00% | #76 |
| 2020 | 0.21% | −0.19% | #77 |
| 2019 | 0.40% | +0.02% | #76 |
| 2018 | 0.38% | – | #77 |
Detected Pattern
Analysis
Armenia matched the Export Boom Cycle pattern in 2022. Historically, 71% of countries showing this pattern (546 out of 768) saw market capitalization improve within 24 months. View full analysis →
Frequently Asked Questions
Armenia's market capitalization was 15.67% in 2025. Ranked 56th globally. This represents a 16.1% decrease from the previous year.
Armenia's market capitalization peaked at 18.67% in 2024.
The lowest market capitalization in Armenia was 0.21% in 2021.
Armenia ranks 56th globally in market capitalization as of 2025.
The World Bank indicator code is CM.MKT.LCAP.GD.ZS. Data sourced from World Bank.
Armenia's market capitalization is projected to reach 15.67% by 2025 based on trend extrapolation.
The market capitalization of Armenia in 2025 was 15.67%. This ranks 56th in the world.
Cite this page
@misc{historysaid_armenia_market-capitalization,
title = {Armenia Market Capitalization},
url = {https://historysaid.com/armenia/market-capitalization/},
publisher = {HistorySaid},
year = {2026}
}