Belgium Market Capitalization
Market capitalization of listed domestic companies as % of GDP CM.MKT.LCAP.GD.ZS
Belgium's market capitalization was 59.17% in 2018, ranked 21st globally. This represents a 32.3% decrease from 2017. Data from World Bank, covering 1975–2018.
Overview
Belgium's market capitalization stood at 59.17% in 2018, a decline of +28.23% from 2017. Belgium ranked 21st globally.
Belgium’s market‑capitalization-to‑GDP ratio has risen markedly since the earliest World Bank observation in 1975, when it stood at 13.70, expanding to 59.17 in 2018, which placed the country 21st globally. The index experienced a pronounced trough of 7.91 in 1980, reflecting the severe debt crises that depressed equity markets across Europe, before embarking on a long‑term ascent that culminated in an all‑time peak of 97.04 in 2006, the year before the global financial crisis eroded valuations worldwide. Over the 44‑year coverage period, Belgium’s trajectory has been closely mirrored by Norway, whose ratio reached 60.80, and by Barbados at 59.01, underscoring a shared pattern of high‑income economies maintaining sizable equity markets relative to output. Continued fiscal consolidation, demographic shifts and the pace of digital transformation will shape whether Belgium sustains its elevated ratio or reverts toward the more moderate levels observed in the early 2010s.
Data & projection
| Year | Market Capitalization | YoY change | Rank |
|---|---|---|---|
| 2018 | 59.17% | −28.23% | #21 |
| 2017 | 87.40% | +7.67% | #18 |
| 2016 | 79.73% | −10.19% | #16 |
| 2015 | 89.92% | +19.56% | #10 |
| 2014 | 70.36% | −1.06% | #21 |
| 2013 | 71.42% | +11.33% | #22 |
| 2012 | 60.09% | +16.60% | #24 |
| 2011 | 43.50% | −12.31% | #37 |
| 2010 | 55.80% | +2.24% | #34 |
| 2009 | 53.56% | +21.24% | #32 |
| 2008 | 32.32% | −49.55% | #35 |
| 2007 | 81.87% | −15.17% | #30 |
| 2006 | 97.04% | +22.25% | #19 |
| 2005 | 74.79% | +0.78% | #21 |
| 2004 | 74.01% | +19.45% | #17 |
Detected Pattern
Analysis
Belgium matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw market capitalization improve within 24 months. View full analysis →
Frequently Asked Questions
Belgium's market capitalization was 59.17% in 2018. Ranked 21st globally. This represents a 32.3% decrease from the previous year.
Belgium's market capitalization peaked at 97.04% in 2006.
The lowest market capitalization in Belgium was 7.91% in 1980.
Belgium ranks 21st globally in market capitalization as of 2018.
The World Bank indicator code is CM.MKT.LCAP.GD.ZS. Data sourced from World Bank.
The market capitalization of Belgium in 2018 was 59.17%. This ranks 21st in the world.
Cite this page
@misc{historysaid_belgium_market-capitalization,
title = {Belgium Market Capitalization},
url = {https://historysaid.com/belgium/market-capitalization/},
publisher = {HistorySaid},
year = {2026}
}