Botswana Market Capitalization
Market capitalization of listed domestic companies as % of GDP CM.MKT.LCAP.GD.ZS
Botswana's market capitalization was 96.31% in 2025, ranked 12th globally. This represents a 420.1% increase from 2024. Data from World Bank, covering 1993–2025.
Overview
Botswana's market capitalization stood at 96.31% in 2025, a rise of +77.79% from 2023. Based on recent trends, this figure is projected to reach 96.31% by 2025. Botswana ranked 12th globally.
Botswana’s market capitalisation reached US$96.31 billion in 2025, placing the country 12th worldwide and reflecting a sustained expansion from the all‑time trough of US$5.50 billion recorded in 1993. The rapid ascent accelerated after the early‑2000s, culminating in an all‑time peak of US$152.67 billion in 2022, before moderating to the current level. This trajectory outpaces several peers of comparable rank; for example, Thailand reported US$98.46 billion and Malaysia US$88.29 billion in the same year, while the United Kingdom stood at US$99.74 billion. The growth has been driven by a diversified mining sector, increased foreign investment, and reforms that improved corporate governance, yet the slight decline from the 2022 high signals sensitivity to commodity price swings and global risk sentiment. Continued development of non‑mineral industries and deeper integration into regional capital markets will be crucial to sustain the upward trend and potentially restore a new peak in the coming years.
Data & projection
| Year | Market Capitalization | YoY change | Rank |
|---|---|---|---|
| 2026* trend | 108.82% | - | - |
| 2025* trend | 96.31% | - | - |
| 2025 | 96.31% | +77.79% | #12 |
| 2023 | 18.52% | −134.16% | #52 |
| 2022 | 152.67% | +135.83% | #8 |
| 2021 | 16.85% | −5.18% | #61 |
| 2020 | 22.03% | +0.74% | #52 |
| 2019 | 21.29% | −2.39% | #54 |
| 2018 | 23.69% | +6.80% | #51 |
| 2000 | 16.89% | −2.29% | #47 |
| 1999 | 19.18% | +4.07% | #44 |
| 1998 | 15.11% | +2.90% | #42 |
| 1997 | 12.21% | +5.44% | #52 |
| 1996 | 6.77% | −1.63% | #55 |
| 1995 | 8.40% | +2.18% | #49 |
| 1994 | 6.23% | +0.73% | #45 |
| 1993 | 5.50% | – | #41 |
Detected Pattern
Analysis
Botswana matched the Export Boom Cycle pattern in 2023. Historically, 71% of countries showing this pattern (546 out of 768) saw market capitalization improve within 24 months. View full analysis →
Frequently Asked Questions
Botswana's market capitalization was 96.31% in 2025. Ranked 12th globally. This represents a 420.1% increase from the previous year.
Botswana's market capitalization peaked at 152.67% in 2022.
The lowest market capitalization in Botswana was 5.50% in 1993.
Botswana ranks 12th globally in market capitalization as of 2025.
The World Bank indicator code is CM.MKT.LCAP.GD.ZS. Data sourced from World Bank.
Botswana's market capitalization is projected to reach 96.31% by 2025 based on trend extrapolation.
The market capitalization of Botswana in 2025 was 96.31%. This ranks 12th in the world.
Cite this page
@misc{historysaid_botswana_market-capitalization,
title = {Botswana Market Capitalization},
url = {https://historysaid.com/botswana/market-capitalization/},
publisher = {HistorySaid},
year = {2026}
}