Rwanda Market Capitalization
Market capitalization of listed domestic companies as % of GDP CM.MKT.LCAP.GD.ZS
Rwanda's market capitalization was 13.91% in 2025, ranked 60th globally. This represents a 28.0% decrease from 2024. Data from World Bank, covering 2018–2025.
Overview
Rwanda's market capitalization stood at 13.91% in 2025, a decline of +5.42% from 2024. Based on recent trends, this figure is projected to reach 13.91% by 2025. Rwanda ranked 60th globally.
Rwanda's market capitalization has experienced a significant decline over the past eight years, with its value plummeting to a trough of 13.91 in 2025. This represents a stark contrast to its all-time peak of 35.55 in 2018, marking a decline of approximately 61%. Compared to its peer countries, Rwanda's market capitalization has lagged behind Slovenia's, which currently ranks 14th globally with a market capitalization of 14.49. The decline in Rwanda's market capitalization is a cause for concern, as it may indicate a lack of investor confidence in the country's economy. Rwanda's economic growth has been driven in part by foreign investment, particularly in the tech sector, but the decline in market capitalization suggests that this trend may be reversing. A sustained recovery in market capitalization would require a significant increase in investor confidence, potentially driven by improvements in the business environment or increased economic stability.
Data & projection
| Year | Market Capitalization | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 5.55% | - | - |
| 2026* trend | 9.73% | - | - |
| 2025* trend | 13.91% | - | - |
| 2025 | 13.91% | −5.42% | #60 |
| 2024 | 19.33% | −1.13% | #49 |
| 2023 | 20.46% | −5.40% | #50 |
| 2022 | 25.87% | −6.38% | #43 |
| 2021 | 32.25% | −2.09% | #42 |
| 2020 | 34.34% | +3.28% | #41 |
| 2019 | 31.06% | −4.49% | #44 |
| 2018 | 35.55% | – | #39 |
Detected Pattern
Analysis
Rwanda matched the Orthodox Tightening Cycle pattern in 2023. Historically, 57% of countries showing this pattern (177 out of 311) saw market capitalization improve within 24 months. View full analysis →
Frequently Asked Questions
Rwanda's market capitalization was 13.91% in 2025. Ranked 60th globally. This represents a 28.0% decrease from the previous year.
Rwanda's market capitalization peaked at 35.55% in 2018.
The lowest market capitalization in Rwanda was 13.91% in 2025.
Rwanda ranks 60th globally in market capitalization as of 2025.
The World Bank indicator code is CM.MKT.LCAP.GD.ZS. Data sourced from World Bank.
Rwanda's market capitalization is projected to reach 13.91% by 2025 based on trend extrapolation.
The market capitalization of Rwanda in 2025 was 13.91%. This ranks 60th in the world.
Cite this page
@misc{historysaid_rwanda_market-capitalization,
title = {Rwanda Market Capitalization},
url = {https://historysaid.com/rwanda/market-capitalization/},
publisher = {HistorySaid},
year = {2026}
}