Bond Market Size by Country 2025
Domestic & International Market Volume
$5M
$10M
$15M
$20M
$25M
$30M
$35M
$40M
$45M
$50M
5 Countries with the Highest Bond Market Volume
Country | Domestic & International Market Volume↓ | # Domestic & International Bonds | |
|---|---|---|---|
 | United States | $46.03 Mn | 98.5K |
 | China | $16.52 Mn | 28.9K |
 | Japan | $10.36 Mn | 15.3K |
 | France | $5.46 Mn | 12.2K |
 | Germany | $5.22 Mn | 19.6K |
 | United Kingdom | $5.07 Mn | 10.4K |
 | Italy | $3.60 Mn | 3.6K |
 | Canada | $3.21 Mn | 10.1K |
 | India | $2.68 Mn | 22.5K |
 | Spain | $2.44 Mn | 2.8K |
 | Chile | $2.04 Mn | 1.7K |
 | South Korea | $1.95 Mn | 16.5K |
 | Australia | $1.56 Mn | 2.2K |
 | Netherlands | $1.34 Mn | 2.7K |
 | Luxembourg | $1.33 Mn | 3.3K |
 | Belgium | $1.29 Mn | 1.4K |
 | Switzerland | $996,368 | 5.8K |
 | Mexico | $950,490 | 1.1K |
 | Brazil | $864,954 | 2.8K |
 | Sweden | $687,507 | 2.3K |
 | Austria | $676,044 | 3.2K |
 | Singapore | $633,861 | 760 |
 | Russia | $601,587 | 4.6K |
 | Hong Kong | $568,253 | 1.9K |
 | Indonesia | $561,958 | 1.5K |
 | Ireland | $492,628 | 2.4K |
 | Thailand | $475,613 | 2.5K |
 | Malaysia | $453,692 | 3.5K |
 | Denmark | $450,364 | 1.6K |
 | Finland | $421,015 | 1.4K |
 | Saudi Arabia | $413,450 | 280 |
 | Poland | $405,024 | 2.4K |
 | Philippines | $404,303 | 753 |
 | Norway | $396,637 | 2K |
 | Israel | $376,119 | 876 |
 | Taiwan | $367,402 | 1.9K |
 | Czech Republic | $365,124 | 410 |
 | Colombia | $353,532 | 492 |
 | Argentina | $340,190 | 1.1K |
 | United Arab Emirates | $270,999 | 745 |
 | South Africa | $264,261 | 2.4K |
 | Portugal | $260,332 | 263 |
 | Turkey | $237,001 | 1.2K |
 | New Zealand | $231,151 | 388 |
 | Egypt | $184,931 | 557 |
 | Hungary | $176,583 | 895 |
 | Greece | $163,715 | 158 |
 | Romania | $158,780 | 245 |
 | Iran | $157,932 | 353 |
 | Qatar | $127,603 | 259 |
 | Pakistan | $125,527 | 167 |
 | Kazakhstan | $110,003 | 820 |
 | Peru | $108,733 | 360 |
 | Slovakia | $95,240 | 292 |
 | Venezuela | $94,367 | 177 |
 | Vietnam | $90,373 | 576 |
 | Ukraine | $82,674 | 770 |
 | Costa Rica | $80,802 | 502 |
 | Morocco | $78,478 | 522 |
 | Dominican Republic | $71,646 | 314 |
 | Panama | $63,239 | 1.7K |
 | Ivory Coast | $62,343 | 374 |
 | Uruguay | $54,294 | 148 |
 | Algeria | $51,536 | 101 |
 | Slovenia | $50,310 | 73 |
 | Bahrain | $47,829 | 103 |
 | Sri Lanka | $46,711 | 247 |
 | Lebanon | $46,076 | 948 |
 | Nigeria | $45,790 | 282 |
 | Oman | $44,482 | 93 |
 | Bangladesh | $44,210 | 347 |
 | Jordan | $42,546 | 284 |
 | Kenya | $41,911 | 174 |
 | Ecuador | $39,812 | 378 |
 | Ghana | $39,781 | 212 |
 | Croatia | $38,069 | 55 |
 | Iceland | $35,063 | 248 |
 | Kuwait | $34,159 | 71 |
 | Lithuania | $29,551 | 265 |
 | Cyprus | $23,359 | 76 |
 | Jamaica | $23,266 | 71 |
 | Bulgaria | $22,997 | 140 |
 | Serbia | $21,909 | 85 |
 | Angola | $21,241 | 435 |
 | Cayman Islands | $20,958 | 128 |
 | Belarus | $19,902 | 1.5K |
 | Guatemala | $19,642 | 299 |
 | Honduras | $19,381 | 123 |
 | Latvia | $18,609 | 90 |
 | Paraguay | $17,267 | 710 |
 | Malta | $16,928 | 262 |
 | Azerbaijan | $15,202 | 305 |
 | Mauritius | $15,118 | 259 |
 | Tunisia | $14,561 | 308 |
 | Macau | $13,595 | 45 |
 | Bermuda | $12,890 | 45 |
 | Bolivia | $11,183 | 881 |
 | Senegal | $10,624 | 109 |
 | Albania | $10,226 | 110 |
 | Estonia | $10,060 | 145 |
 | Trinidad and Tobago | $10,027 | 59 |
 | Zambia | $9,535 | 310 |
 | Uganda | $9,512 | 78 |
 | Tanzania | $8,850 | 218 |
 | Togo | $7,915 | 94 |
 | Armenia | $7,903 | 152 |
 | Bahamas | $7,803 | 261 |
 | North Macedonia | $7,352 | 234 |
 | Namibia | $6,980 | 181 |
 | El Salvador | $6,874 | 60 |
 | Uzbekistan | $6,718 | 97 |
 | Benin | $6,127 | 52 |
 | Gabon | $5,660 | 86 |
 | Burkina Faso | $5,354 | 80 |
 | Georgia | $5,308 | 81 |
 | Mali | $5,206 | 104 |
 | Mozambique | $5,169 | 107 |
 | Liechtenstein | $5,053 | 37 |
 | Nepal | $4,837 | 157 |
 | Republic of the Congo | $4,451 | 117 |
 | Barbados | $4,263 | 36 |
 | Mongolia | $4,112 | 23 |
 | Myanmar | $4,067 | 21 |
 | Ethiopia | $3,829 | 26 |
 | Cameroon | $3,609 | 54 |
 | Papua New Guinea | $3,530 | 89 |
 | Malawi | $3,455 | 194 |
 | Botswana | $3,437 | 140 |
 | Moldova | $3,199 | 170 |
 | Bosnia and Herzegovina | $3,075 | 158 |
 | Saint Lucia | $2,966 | 36 |
 | Iraq | $2,700 | 1 |
 | Niger | $2,556 | 49 |
 | Rwanda | $2,192 | 128 |
 | Montenegro | $2,190 | 9 |
 | Kyrgyzstan | $2,130 | 223 |
 | Laos | $2,075 | 38 |
 | Fiji | $1,920 | 206 |
 | Maldives | $1,579 | 24 |
 | Chad | $1,451 | 75 |
 | Andorra | $1,424 | 6 |
 | Cambodia | $1,165 | 12 |
 | Isle of Man | $1,124 | 4 |
 | Suriname | $975 | 2 |
 | Cape Verde | $910 | 178 |
 | Equatorial Guinea | $785 | 26 |
 | Burundi | $762 | 836 |
 | Monaco | $756 | 5 |
 | Eswatini | $645 | 108 |
 | Seychelles | $622 | 104 |
 | Guinea-Bissau | $562 | 40 |
 | Sudan | $542 | 1 |
 | Tajikistan | $518 | 7 |
 | Nicaragua | $480 | 49 |
 | Gambia | $479 | 163 |
 | San Marino | $434 | 3 |
 | Bhutan | $369 | 11 |
 | Zimbabwe | $367 | 5 |
 | Antigua and Barbuda | $251 | 20 |
 | Central African Republic | $249 | 18 |
 | Lesotho | $220 | 67 |
 | Grenada | $216 | 7 |
 | Aruba | $192 | 2 |
 | Mauritania | $111 | 13 |
 | Madagascar | $110 | 49 |
 | Belize | $110 | 4 |
 | Saint Kitts and Nevis | $92 | 1 |
 | Dominica | $67 | 5 |
 | Saint Vincent and the Grenadines | $65 | 9 |
 | Sierra Leone | $64 | 60 |
 | DR Congo | $5 | 1 |
 | Guyana | 2 |
