|**Table 2b. Financial Sector Overview**||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Year<br>1999|2000|2001|2002|2003|2004|2005|2006|2007|2008|
|**_1. Stocks traded, total value (% of GDP)_**||||||||||
|United States<br>201.5|326.3|288.2|243.5|142.5|166.4|173.8|253.3|309.9|256.7|
|United Kingdom<br>93.4|126.5|128.9|120.7|121.1|171.0|185.5|176.6|372.5|245.1|
|China<br>34.8|60.2|33.9|22.9|29.1|38.7|26.2|61.5|230.4|126.5|
|East Asia & Pacific<br>33.7|49.8|29.3|21.7|28.4|36.3|25.9|52.3|184.1|104.4|
|Euro area<br>55.9|80.4|82.7|65.0|55.2|61.7|73.2|95.7|124.0|91.6|
|Europe & Central Asia<br>12.6|25.4|12.7|11.8|16.1|19.4|20.7|34.8|39.1|23.9|
|Latin America & Caribbean<br>8.1|8.5|6.1|5.0|5.4|7.6|9.9|12.9|24.1|24.7|
|Middle East & North Africa<br>5.3|5.1|2.4|2.3|3.7|7.3|15.9|19.1|18.8|19.0|
|South Asia<br>51.9|90.2|42.5|34.5|46.4|51.4|57.0|67.2|84.8|73.4|
|Sub‐Saharan Africa<br>31.5|32.3|30.0|31.9|32.8|41.2|43.9|60.7|||
|World<br>99.6|152.4|134.6|116.3|81.6|95.8|106.6|140.5|185.5|137.4|
|**_2. Market capitalization of listed companies (%_**|**_of GDP)_**|||||||||
|United States<br>180.5|154.7|137.5|106.5|130.8|140.3|137.1|147.9|145.1|82.6|
|United Kingdom<br>198.8|177.6|149.9|117.8|134.7|129.9|136.1|157.9|139.2|70.0|
|China<br>30.5|48.5|39.5|31.9|41.5|33.1|34.9|91.3|184.1|64.6|
|East Asia & Pacific<br>42.6|47.1|42.2|35.9|46.7|40.2|40.6|84.9|158.9|58.3|
|Euro area<br>83.4|87.0|68.3|50.9|58.3|61.0|62.7|80.7|85.3|38.0|
|Europe & Central Asia<br>29.4|17.5|18.5|20.7|30.1|31.2|45.9|65.6|76.2|44.6|
|Latin America & Caribbean<br>32.8|31.8|32.5|25.4|29.7|35.6|40.5|49.1|70.8|31.6|
|Middle East & North Africa<br>27.9|19.9|17.9|20.3|27.7|37.1|47.9|48.1|56.0|34.9|
|South Asia<br>33.5|26.1|19.1|22.2|39.5|48.1|60.2|76.9|133.4|45.1|
|Sub‐Saharan Africa<br>118.0|89.7|66.3|83.1|91.8|121.5|130.3|148.5|||
|World<br>118.3|102.3|89.4|72.5|87.6|92.6|97.5|111.1|120.7|59.4|
|**_3. Domestic credit to private sector (% of GDP)_**||||||||||
|United States<br>179.3|170.7|178.9|169.2|184.2|191.2|195.3|202.4|210.1|190.5|
|United Kingdom<br>120.6|131.7|136.9|140.9|145.9|153.2|162.2|174.0|190.0|213.4|
|China<br>111.5|112.3|111.3|118.9|127.2|120.1|114.3|113.0|111.0|108.3|
|East Asia & Pacific<br>103.3|101.1|100.4|105.1|110.6|105.7|101.5|99.0|99.5|100.0|
|Euro area<br>93.7|97.9|99.5|99.8|101.9|103.9|109.2|114.9|121.4|126.3|
|Europe & Central Asia<br>16.9|17.4|18.2|18.6|20.5|23.0|26.3|32.2|38.9|43.1|
|Latin America & Caribbean<br>28.8|27.7|25.3|25.8|23.8|23.9|25.9|31.0|36.3|38.5|
|Middle East & North Africa<br>38.8|38.4|40.3|40.1|39.6|38.7|38.5|40.7|42.0||
|South Asia<br>25.8|27.7|28.1|31.2|31.0|35.2|38.6|42.0|44.4|49.0|
|Sub‐Saharan Africa<br>64.6|61.5|60.0|45.7|54.7|60.7|62.9|66.2|70.7|40.1|
|World<br>132.8|130.7|131.1|126.7|130.1|130.3|132.3|134.7|135.3|130.4|

Source: Source: Authors calculations and WDI , World Bank, August 2009 Notes: Regions’ divisions are based on WDI, February 2010, and World Bank country's groupings 1. Stocks traded refer to the total value of shares traded during the period. This indicator complements the market capitalization ratio by showing whether market size is matched by trading.

2. Market capitalization (also known as market value) is the share price times the number of shares outstanding. Listed domestic companies are the domestically incorporated companies listed on the country's stock exchanges at the end of the year. Listed companies does not include investment companies, mutual funds, or other collective investment vehicles.

3. Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises.

4. Domestic credit provided by the banking sector includes all credit to various sectors on a gross basis, with the exception of credit to the central government, which is net.

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