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Metadata Glossary

CodeCM.MKT.LCAP.GD.ZS
Indicator NameMarket capitalization of listed domestic companies (% of GDP)
Long definitionMarket capitalization (also known as market value) is the share price times the number of shares outstanding (including their several classes) for listed domestic companies. Investment funds, unit trusts, and companies whose only business goal is to hold shares of other listed companies are excluded. Data are end of year values.
SourceWorld Federation of Exchanges database.
TopicFinancial Sector: Capital markets
PeriodicityAnnual
Aggregation methodWeighted average
Limitations and exceptionsData cover measures of size (market capitalization, number of listed domestic companies) and liquidity (value of shares traded as a percentage of gross domestic product, value of shares traded as a percentage of market capitalization). The comparability of such data across countries may be limited by conceptual and statistical weaknesses, such as inaccurate reporting and differences in accounting standards.
General commentsStock market data were previously sourced from Standard & Poor's until they discontinued their "Global Stock Markets Factbook" and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.
License TypeCC BY-4.0
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