Thailand Market Capitalization
Market capitalization of listed domestic companies as % of GDP CM.MKT.LCAP.GD.ZS
Thailand's market capitalization was 98.46% in 2025, ranked 11th globally. This represents a 0.2% decrease from 2024. Data from World Bank, covering 1989–2025.
Overview
Thailand's market capitalization stood at 98.46% in 2025, a decline of +0.24% from 2024. Based on recent trends, this figure is projected to reach 98.46% by 2025. Thailand ranked 11th globally.
Thailand’s market capitalization expanded from 31.95 in 1989 to 98.46 in 2025, placing the economy at the 11th‑largest equity market worldwide. The rapid ascent was punctuated by a deep trough of 15.24 during the Asian financial crisis of 1997, after which reforms and foreign investment fueled a sustained climb that culminated in an all‑time high of 121.93 in 2022. The post‑crisis recovery outpaced many regional peers; Malaysia’s market value stands at 88.29, while the United Kingdom, a more advanced economy, registers 99.74, illustrating Thailand’s competitive position among both emerging and developed markets. The 37‑year coverage shows that growth has been largely driven by expanding domestic corporate sectors and increasing participation in global capital flows. Continued improvements in corporate governance, deeper integration with international markets, and the rollout of digital trading platforms are likely to sustain the upward trajectory, though external shocks could still alter the path.
Data & projection
| Year | Market Capitalization | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 91.01% | - | - |
| 2026* trend | 94.73% | - | - |
| 2025* trend | 98.46% | - | - |
| 2025 | 98.46% | −0.24% | #11 |
| 2024 | 98.70% | −2.02% | #13 |
| 2023 | 100.72% | −21.22% | #14 |
| 2022 | 121.93% | +3.62% | #11 |
| 2021 | 118.32% | +9.78% | #13 |
| 2020 | 108.53% | +3.89% | #14 |
| 2019 | 104.64% | +5.83% | #12 |
| 2018 | 98.81% | −21.44% | #10 |
| 2017 | 120.26% | +15.52% | #10 |
| 2016 | 104.74% | +17.82% | #8 |
| 2015 | 86.92% | −18.75% | #13 |
| 2014 | 105.67% | +21.36% | #9 |
| 2013 | 84.31% | −13.73% | #15 |
| 2012 | 98.04% | +25.63% | #11 |
| 2011 | 72.40% | −9.02% | #16 |
Detected Pattern
Analysis
Thailand matched the Export Boom Cycle pattern in 2017. Historically, 71% of countries showing this pattern (546 out of 768) saw market capitalization improve within 24 months. View full analysis →
Frequently Asked Questions
Thailand's market capitalization was 98.46% in 2025. Ranked 11th globally. This represents a 0.2% decrease from the previous year.
Thailand's market capitalization peaked at 121.93% in 2022.
The lowest market capitalization in Thailand was 15.24% in 1997.
Thailand ranks 11th globally in market capitalization as of 2025.
The World Bank indicator code is CM.MKT.LCAP.GD.ZS. Data sourced from World Bank.
Thailand's market capitalization is projected to reach 98.46% by 2025 based on trend extrapolation.
The market capitalization of Thailand in 2025 was 98.46%. This ranks 11th in the world.
Cite this page
@misc{historysaid_thailand_market-capitalization,
title = {Thailand Market Capitalization},
url = {https://historysaid.com/thailand/market-capitalization/},
publisher = {HistorySaid},
year = {2026}
}