Kuwait Market Capitalization
Market capitalization of listed domestic companies as % of GDP CM.MKT.LCAP.GD.ZS
Kuwait's market capitalization was 79.54% in 2025, ranked 17th globally. This represents a 9.9% decrease from 2024. Data from World Bank, covering 1993–2025.
Overview
Kuwait's market capitalization stood at 79.54% in 2025, a decline of +8.76% from 2024. Based on recent trends, this figure is projected to reach 79.54% by 2025. Kuwait ranked 17th globally.
Kuwait’s market capitalization reached US$79.54 billion in 2025, placing it 17th among the world’s economies and reflecting a modest growth path since the series began in 1993 with US$43.86 billion. The index surged to an all‑time high of US$128.37 billion in 2005, a period coinciding with booming oil revenues and expansive fiscal spending, before falling to a trough of US$40.07 billion in 1994 as the post‑Gulf War adjustment took hold. Over the 22‑year coverage, the capital market has expanded by roughly 81 percent, yet its size remains below peers such as Australia (US$86.75 billion) and Singapore (US$87.74 billion), which benefit from more diversified economies and larger equity listings. The trajectory suggests that further diversification away from hydrocarbons, coupled with reforms to broaden the listed corporate base, could sustain incremental growth, while any sharp oil‑price volatility may still impose downside risk to the market’s valuation.
Data & projection
| Year | Market Capitalization | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 74.12% | - | - |
| 2026* trend | 76.83% | - | - |
| 2025* trend | 79.54% | - | - |
| 2025 | 79.54% | −8.76% | #17 |
| 2024 | 88.30% | +9.01% | #14 |
| 2023 | 79.29% | −3.91% | #17 |
| 2022 | 83.21% | −8.89% | #19 |
| 2021 | 92.09% | −3.35% | #18 |
| 2020 | 95.44% | +11.57% | #15 |
| 2019 | 83.87% | −0.01% | #16 |
| 2015 | 83.88% | −21.54% | #15 |
| 2006 | 105.42% | −22.95% | #14 |
| 2005 | 128.37% | +5.72% | #7 |
| 2004 | 122.65% | −4.66% | #9 |
| 2003 | 127.32% | +44.82% | #6 |
| 2002 | 82.50% | +17.62% | #12 |
| 2001 | 64.87% | +13.28% | #20 |
| 2000 | 51.59% | −14.87% | #26 |
Detected Pattern
Analysis
Kuwait matched the Export Boom Cycle pattern in 2012. Historically, 71% of countries showing this pattern (546 out of 768) saw market capitalization improve within 24 months. View full analysis →
Frequently Asked Questions
Kuwait's market capitalization was 79.54% in 2025. Ranked 17th globally. This represents a 9.9% decrease from the previous year.
Kuwait's market capitalization peaked at 128.37% in 2005.
The lowest market capitalization in Kuwait was 40.07% in 1994.
Kuwait ranks 17th globally in market capitalization as of 2025.
The World Bank indicator code is CM.MKT.LCAP.GD.ZS. Data sourced from World Bank.
Kuwait's market capitalization is projected to reach 79.54% by 2025 based on trend extrapolation.
The market capitalization of Kuwait in 2025 was 79.54%. This ranks 17th in the world.
Cite this page
@misc{historysaid_kuwait_market-capitalization,
title = {Kuwait Market Capitalization},
url = {https://historysaid.com/kuwait/market-capitalization/},
publisher = {HistorySaid},
year = {2026}
}