Türkiye Market Capitalization
Market capitalization of listed domestic companies as % of GDP CM.MKT.LCAP.GD.ZS
Türkiye's market capitalization was 29.63% in 2025, ranked 36th globally. This represents a 6.3% increase from 2024. Data from World Bank, covering 1993–2025.
Overview
Türkiye's market capitalization stood at 29.63% in 2025, a rise of +1.75% from 2024. Based on recent trends, this figure is projected to reach 29.63% by 2025. Türkiye ranked 36th globally.
Turkey’s market‑capitalization index has risen from 20.29 in 1993 to 29.63 in 2025, placing it 36th among World Bank‑reported economies. The series, spanning 33 years, peaked at 43.91 in 1999 before falling to a trough of 8.85 in 1995, illustrating the volatility that accompanied the country’s financial liberalisation and the regional crises of the mid‑1990s. Compared with peers, Turkey’s 2025 figure exceeds Croatia’s 25.79 and Zambia’s 25.77, yet remains below Cyprus’s 33.01 and the West Bank and Gaza’s 30.56, reflecting a moderate but uneven capital‑market depth relative to similarly sized economies. The post‑peak decline after 1999 coincided with macro‑policy tightening and external shocks, while the gradual recovery since the early 2000s has been driven by reforms and increased foreign investor participation. Continued improvements in corporate governance and integration with global markets could sustain the upward trajectory, though heightened geopolitical risk would likely dampen future growth.
Data & projection
| Year | Market Capitalization | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 30.45% | - | - |
| 2026* trend | 30.04% | - | - |
| 2025* trend | 29.63% | - | - |
| 2025 | 29.63% | +1.75% | #36 |
| 2024 | 27.88% | −1.70% | #39 |
| 2023 | 29.58% | −6.05% | #41 |
| 2022 | 35.63% | +19.16% | #37 |
| 2021 | 16.48% | −15.89% | #62 |
| 2020 | 32.37% | +8.53% | #42 |
| 2019 | 23.84% | +4.91% | #50 |
| 2018 | 18.93% | −7.40% | #58 |
| 2017 | 26.34% | +6.61% | #52 |
| 2016 | 19.72% | −2.10% | #59 |
| 2015 | 21.82% | −1.50% | #58 |
| 2014 | 23.32% | +2.98% | #55 |
| 2013 | 20.34% | −15.26% | #60 |
| 2012 | 35.60% | +12.26% | #41 |
| 2011 | 23.34% | −15.30% | #53 |
Detected Pattern
Analysis
Türkiye matched the Stagflation Risk pattern in 2020. Historically, 38% of countries showing this pattern (117 out of 307) saw market capitalization improve within 24 months. View full analysis →
Frequently Asked Questions
Türkiye's market capitalization was 29.63% in 2025. Ranked 36th globally. This represents a 6.3% increase from the previous year.
Türkiye's market capitalization peaked at 43.91% in 1999.
The lowest market capitalization in Türkiye was 8.85% in 1995.
Türkiye ranks 36th globally in market capitalization as of 2025.
The World Bank indicator code is CM.MKT.LCAP.GD.ZS. Data sourced from World Bank.
Türkiye's market capitalization is projected to reach 29.63% by 2025 based on trend extrapolation.
The market capitalization of Türkiye in 2025 was 29.63%. This ranks 36th in the world.
Cite this page
@misc{historysaid_turkiye_market-capitalization,
title = {Türkiye Market Capitalization},
url = {https://historysaid.com/turkiye/market-capitalization/},
publisher = {HistorySaid},
year = {2026}
}