Compare markets

A sortable league table of emerging economies, for researching which markets may outperform.

All markets Emerging Frontier
All regions East AsiaSouth AsiaSoutheast AsiaCentral AsiaMiddle EastLatin AmericaAfricaEurope

Click any column heading to sort. Market cap / GDP is a rough gauge of how developed a country's listed market is.

Country Region GDPnominal, USD GDP growthreal, annual Inflationannual Populationpeople GDP per capitaUSD Market captotal listed, USD Market cap / GDP% of GDP
RORomania Europe $382.77B 0.8% 5.5% 19.0M $20,089 $141.00B 36.8%
PTPortugal Europe $308.68B 2.2% 2.4% 10.7M $28,844 $101.90B 33.0%
HRCroatia Europe $92.53B 3.9% 2.5% 3.9M $23,931 $52.81B 57.1%
CYCyprus Europe $36.33B 3.8% 1.8% 1.2M $39,247 $35.20B 96.9%
SISlovenia Europe $72.97B 1.5% 2.7% 2.1M $34,089 $18.15B 24.9%
ISIceland Europe $33.19B 1.7% 4.3% 394K $86,041 $10.20B 30.7%
BGBulgaria Europe $112.21B 2.4% 3.5% 6.5M $17,596 $8.90B 7.9%
LTLithuania Europe $84.80B 2.4% 3.4% 2.9M $29,386 $6.50B 7.7%
RSSerbia Europe $89.08B 3.9% 4.7% 6.7M $12,276 $5.80B 6.5%
SKSlovakia Europe $141.78B 1.7% 3.6% 5.4M $26,148 $3.40B 2.4%
EEEstonia Europe $43.13B 0.6% 3.5% 1.4M $31,312 $3.20B 7.4%
MTMalta Europe $24.32B 4.0% 2.4% 549K $41,738 $3.20B 13.1%
LVLatvia Europe $43.52B -0.4% 1.3% 1.9M $24,223 $1.60B 3.7%

Covers the 62 emerging and frontier markets tracked on this site — not a global ranking. Macro figures are compiled per country from public sources — chiefly the IMF World Economic Outlook, World Bank World Development Indicators and national statistics agencies; each country page states its own data year and sources. Data year 2024–2025 · refreshed 2026-09-01 How we classify countries →

Theme