Azerbaijan Market Capitalization
Market capitalization of listed domestic companies as % of GDP CM.MKT.LCAP.GD.ZS
Azerbaijan's market capitalization was 1.59% in 2025, ranked 73rd globally. This represents a 27.9% decrease from 2024. Data from World Bank, covering 1998–2025.
Overview
Azerbaijan's market capitalization stood at 1.59% in 2025, a decline of +0.61% from 2024. Based on recent trends, this figure is projected to reach 1.59% by 2025. Azerbaijan ranked 73rd globally.
Azerbaijan's market capitalization has demonstrated a significant growth trajectory over the years, with the country ranking 73rd globally as of 2025, boasting a market capitalization of 1.59. This figure represents a substantial increase from the all-time trough of 0.07 in 1998 and the peak year of 2019, where it peaked at 4.51. When compared to its peers, Azerbaijan's market capitalization lags behind Costa Rica, which holds a rank of 2.57, but surpasses Bulgaria's 1.18. The country's economic growth has been driven by its hydrocarbon sector, which has been a major contributor to its GDP. However, the market capitalization's volatility, evident from the significant jump from the trough in 1998 to the peak in 2019, indicates that the economy remains sensitive to external factors. A sustained increase in foreign investment and a more diversified economy would be essential to stabilize and further boost Azerbaijan's market capitalization, potentially propelling it to a higher global ranking.
Data & projection
| Year | Market Capitalization | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 0.98% | - | - |
| 2026* trend | 1.28% | - | - |
| 2025* trend | 1.59% | - | - |
| 2025 | 1.59% | −0.61% | #73 |
| 2024 | 2.20% | +0.02% | #67 |
| 2023 | 2.18% | +0.31% | #70 |
| 2022 | 1.86% | −1.05% | #74 |
| 2021 | 2.91% | −0.45% | #75 |
| 2020 | 3.36% | −1.15% | #74 |
| 2019 | 4.51% | +4.44% | #74 |
| 1999 | 0.07% | +0.00% | #71 |
| 1998 | 0.07% | – | #69 |
Detected Pattern
Analysis
Azerbaijan matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw market capitalization improve within 24 months. View full analysis →
Frequently Asked Questions
Azerbaijan's market capitalization was 1.59% in 2025. Ranked 73rd globally. This represents a 27.9% decrease from the previous year.
Azerbaijan's market capitalization peaked at 4.51% in 2019.
The lowest market capitalization in Azerbaijan was 0.07% in 1998.
Azerbaijan ranks 73rd globally in market capitalization as of 2025.
The World Bank indicator code is CM.MKT.LCAP.GD.ZS. Data sourced from World Bank.
Azerbaijan's market capitalization is projected to reach 1.59% by 2025 based on trend extrapolation.
The market capitalization of Azerbaijan in 2025 was 1.59%. This ranks 73rd in the world.
Cite this page
@misc{historysaid_azerbaijan_market-capitalization,
title = {Azerbaijan Market Capitalization},
url = {https://historysaid.com/azerbaijan/market-capitalization/},
publisher = {HistorySaid},
year = {2026}
}