Countries with the highest stock market participation rate

july 14, 2025

Images: Shutterstock;
Data: Hellosafe; as of 2023-24

A study revealed a marked disparity in stock ownership rates across continents, with North America at the top. It was followed by Oceania and Europe (with Nordic nations taking the lead).

Source: Hellosafe

Here are some of the largest countries in terms of stock market participation rate.

10. Ireland

Population participation rate: 17%
No. of shareholders: 901,000

9. Switzerland

Population participation rate: 17.6%
No. of shareholders: 1.5 million

8. Finland

Population participation rate: 18.7%
No. of shareholders: 1 million

7.  Russia

Population participation rate: 21%
No. of shareholders: 30.5 million

6. Sweden

Population participation rate: 22%
No. of shareholders: 2.3 million

5. New Zealand

Population participation rate: 31%
No. of shareholders: 1.6 million

4. UK

Population participation rate: 33%
No. of shareholders: 22.1 million

3. Australia

Population participation rate: 37%
No. of shareholders: 9.6 million

2. Canada

Population participation rate: 49%
No. of shareholders: 19.1 million

1. USA

Population participation rate: 55%
No. of shareholders: 185.1 million

Special mention: India

Rank: 25th
Population participation rate: 6%
No. of shareholders: 85.8 million

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