Uzbekistan Market Capitalization
Market capitalization of listed domestic companies as % of GDP CM.MKT.LCAP.GD.ZS
Uzbekistan's market capitalization was 17.82% in 2025, ranked 52nd globally. This represents a 9.0% increase from 2024. Data from World Bank, covering 2020–2025.
Overview
Uzbekistan's market capitalization stood at 17.82% in 2025, a rise of +1.46% from 2024. Based on recent trends, this figure is projected to reach 17.82% by 2025. Uzbekistan ranked 52nd globally.
Uzbekistan’s market‑capitalization ratio rose from 7.87 in 2020 to an all‑time peak of 17.82 in 2025, placing the country 52nd globally and overtaking its 2021 trough of 6.72 within a six‑year span. This more than doubling reflects a rapid deepening of equity markets, driven by reforms that liberalized foreign investment and expanded the domestic listing environment. Compared with peers of similar rank, Uzbekistan’s 2025 figure of 17.82 is just below Hungary’s 17.95 and marginally above the Russian Federation’s 17.13, suggesting that its market depth is approaching the level of more established transition economies. The swift ascent also narrows the gap with higher‑ranking jurisdictions such as Bermuda (16.73) and Namibia (18.88), underscoring a convergence toward broader regional benchmarks. Continued diversification of listed sectors and sustained improvements in corporate governance are likely to preserve the upward trajectory, while any slowdown in reform implementation could temper future growth.
Data & projection
| Year | Market Capitalization | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 22.54% | - | - |
| 2026* trend | 20.18% | - | - |
| 2025* trend | 17.82% | - | - |
| 2025 | 17.82% | +1.46% | #52 |
| 2024 | 16.35% | +2.98% | #55 |
| 2023 | 13.37% | +4.02% | #59 |
| 2022 | 9.35% | +2.64% | #65 |
| 2021 | 6.72% | −1.16% | #71 |
| 2020 | 7.87% | – | #73 |
Detected Pattern
Analysis
Uzbekistan matched the Orthodox Tightening Cycle pattern in 2018. Historically, 57% of countries showing this pattern (177 out of 311) saw market capitalization improve within 24 months. View full analysis →
Frequently Asked Questions
Uzbekistan's market capitalization was 17.82% in 2025. Ranked 52nd globally. This represents a 9.0% increase from the previous year.
Uzbekistan's market capitalization peaked at 17.82% in 2025.
The lowest market capitalization in Uzbekistan was 6.72% in 2021.
Uzbekistan ranks 52nd globally in market capitalization as of 2025.
The World Bank indicator code is CM.MKT.LCAP.GD.ZS. Data sourced from World Bank.
Uzbekistan's market capitalization is projected to reach 17.82% by 2025 based on trend extrapolation.
The market capitalization of Uzbekistan in 2025 was 17.82%. This ranks 52nd in the world.
Cite this page
@misc{historysaid_uzbekistan_market-capitalization,
title = {Uzbekistan Market Capitalization},
url = {https://historysaid.com/uzbekistan/market-capitalization/},
publisher = {HistorySaid},
year = {2026}
}