Why is the figure important ... if you can strip out foreign listings and non related listings (inclusive of SPACs) and maybe some REITs that are foreign or regional in nature, you get a good grasp of how much of your economy is listed. 
The higher the figure, the higher the importance of the stockmarket in feeling and shrinking economic activity. IN a super bull, Malaysian domestic economy would flourish as most people will see a lot of funds swishing around, the same when its a bear market when restaurants business dwindles sharply. The higher the figure, the more attention will the central banks and authorities pay to major fluctuations in share markets.China, though has a lowly figure of GDP that is listed, is climbing rapidly. HK has a figure higher than 1000% because we have to strip out their China stocks listed on HKEX. If only Hongkongers realise how dependent their financial centre reputation (and business transactions) on mainland China.
Singapore has an awful lot of "foreign component REITs, and that's how their government has shaped their future.
Malaysia, is highly interlinked to our GDP... every time we see a business makes RM4-5m a year, we will try to get them listed. Though now that profit figure hurdle is higher (around RM10m a year), we are still very linked. The vibrancy of our economy has a lot to do with the vibrancy of our stock market.
148.3 %
Stock market capitalization as percent of GDP, 2019 - Country rankings:
The average for 2019 based on 58 countries was 83.64 percent.The highest value was in Hong Kong: 1338.48 percent and the lowest value was in Belarus: 0 percent. The indicator is available from 1975 to 2019. Below is a chart for all countries where data are available.
p/s images of Candy Law Lam, 55 year old actress
