Best/Worst
Bond Market Size by Country 2025
Domestic & International Market Volume
$5T
$10T
$15T
$20T
$25T
$30T
$35T
$40T
$45T
$50T
5 Countries with the Highest Bond Market Volume
Country | Domestic & International Market Volume 2025↓ | Domestic Bond Market Volume 2025 | International Bond Market Volume 2025 | |
|---|---|---|---|---|
 | United States | $49.87 Tn | $39.05 Tn | $10.82 Tn |
 | China | $16.76 Tn | $16.16 Tn | $599.55 Bn |
 | Japan | $10.44 Tn | $9.92 Tn | $518.05 Bn |
 | France | $6.33 Tn | $5.60 Tn | $732.14 Bn |
 | Germany | $6.09 Tn | $4.96 Tn | $1.13 Tn |
 | United Kingdom | $5.57 Tn | $3.51 Tn | $2.06 Tn |
 | Italy | $4.12 Tn | $3.56 Tn | $566.48 Bn |
 | Canada | $3.75 Tn | $2.65 Tn | $1.10 Tn |
 | India | $2.93 Tn | $2.85 Tn | $79.17 Bn |
 | Spain | $2.73 Tn | $2.30 Tn | $427.84 Bn |
 | Australia | $1.74 Tn | $1.29 Tn | $444.76 Bn |
 | Belgium | $1.65 Tn | $1.63 Tn | $23.91 Bn |
 | Netherlands | $1.55 Tn | $611.58 Bn | $940.47 Bn |
 | Switzerland | $1.31 Tn | $765.89 Bn | $546.86 Bn |
 | Luxembourg | $1.18 Tn | $523.40 Bn | $659.40 Bn |
 | Mexico | $1.11 Tn | $812.17 Bn | $297.88 Bn |
 | Brazil | $930.15 Bn | $743.58 Bn | $186.58 Bn |
 | Russia | $818.49 Bn | $772.49 Bn | $45.99 Bn |
 | Austria | $781.70 Bn | $634.52 Bn | $147.18 Bn |
 | Sweden | $732.65 Bn | $384.81 Bn | $347.85 Bn |
 | Singapore | $731.24 Bn | $641.72 Bn | $89.52 Bn |
 | Indonesia | $610.00 Bn | $464.28 Bn | $145.72 Bn |
 | Ireland | $604.75 Bn | $164.28 Bn | $440.47 Bn |
 | Hong Kong | $571.81 Bn | $305.50 Bn | $266.31 Bn |
 | Malaysia | $551.35 Bn | $509.65 Bn | $41.70 Bn |
 | Thailand | $549.15 Bn | $532.33 Bn | $16.81 Bn |
 | Poland | $547.40 Bn | $439.54 Bn | $107.86 Bn |
 | Denmark | $521.85 Bn | $373.56 Bn | $148.29 Bn |
 | Saudi Arabia | $520.59 Bn | $231.50 Bn | $289.09 Bn |
 | Finland | $487.75 Bn | $232.77 Bn | $254.98 Bn |
 | Israel | $456.84 Bn | $380.90 Bn | $75.94 Bn |
 | Norway | $454.01 Bn | $242.71 Bn | $211.30 Bn |
 | Philippines | $448.53 Bn | $235.94 Bn | $212.59 Bn |
 | Czechia | $434.30 Bn | $383.19 Bn | $51.11 Bn |
 | Chile | $432.26 Bn | $309.60 Bn | $122.65 Bn |
 | Taiwan | $406.10 Bn | $386.59 Bn | $19.50 Bn |
 | Argentina | $391.50 Bn | $193.56 Bn | $197.94 Bn |
 | Portugal | $325.07 Bn | $312.37 Bn | $12.71 Bn |
 | South Africa | $317.86 Bn | $247.59 Bn | $70.27 Bn |
 | Turkey | $317.65 Bn | $161.83 Bn | $155.82 Bn |
 | United Arab Emirates | $311.94 Bn | $80.27 Bn | $231.67 Bn |
 | Colombia | $257.85 Bn | $182.09 Bn | $75.76 Bn |
 | New Zealand | $250.42 Bn | $199.34 Bn | $51.08 Bn |
 | Iran | $241.57 Bn | $241.57 Bn | |
 | Romania | $216.11 Bn | $106.96 Bn | $109.15 Bn |
 | Hungary | $195.03 Bn | $137.33 Bn | $57.70 Bn |
 | Greece | $186.98 Bn | $140.26 Bn | $46.73 Bn |
 | Pakistan | $169.49 Bn | $161.04 Bn | $8.45 Bn |
 | Egypt | $163.91 Bn | $125.90 Bn | $38.01 Bn |
 | Qatar | $132.63 Bn | $40.65 Bn | $91.98 Bn |
 | Peru | $125.12 Bn | $51.52 Bn | $73.60 Bn |
 | Kazakhstan | $119.50 Bn | $94.77 Bn | $24.73 Bn |
 | Vietnam | $117.89 Bn | $115.94 Bn | $1.94 Bn |
 | Slovakia | $117.28 Bn | $112.08 Bn | $5.20 Bn |
 | Morocco | $117.00 Bn | $99.35 Bn | $17.65 Bn |
 | Venezuela | $98.09 Bn | $2.82 Bn | $95.26 Bn |
 | Costa Rica | $82.43 Bn | $73.23 Bn | $9.20 Bn |
 | Ivory Coast | $80.14 Bn | $26.14 Bn | $53.99 Bn |
 | Ukraine | $77.89 Bn | $45.69 Bn | $32.20 Bn |
 | Algeria | $74.89 Bn | $74.89 Bn | |
 | Dominican Republic | $72.03 Bn | $36.54 Bn | $35.49 Bn |
 | Sri Lanka | $71.56 Bn | $62.68 Bn | $8.88 Bn |
 | Nigeria | $63.58 Bn | $37.92 Bn | $25.67 Bn |
 | Jersey | $63.47 Bn | $23.09 Bn | $40.37 Bn |
 | Panama | $63.25 Bn | $17.54 Bn | $45.71 Bn |
 | Kenya | $57.33 Bn | $48.31 Bn | $9.02 Bn |
 | Slovenia | $57.06 Bn | $47.03 Bn | $10.03 Bn |
 | Uruguay | $56.47 Bn | $31.46 Bn | $25.01 Bn |
 | Bangladesh | $55.12 Bn | $55.12 Bn | |
 | Bahrain | $53.38 Bn | $17.27 Bn | $36.10 Bn |
 | Croatia | $49.69 Bn | $29.65 Bn | $20.04 Bn |
 | Iceland | $49.37 Bn | $29.34 Bn | $20.03 Bn |
 | Jordan | $48.23 Bn | $41.48 Bn | $6.75 Bn |
 | Ghana | $44.63 Bn | $35.23 Bn | $9.40 Bn |
 | Oman | $43.73 Bn | $14.57 Bn | $29.16 Bn |
 | Lebanon | $43.20 Bn | $11.88 Bn | $31.31 Bn |
 | Bulgaria | $38.49 Bn | $8.21 Bn | $30.27 Bn |
 | Lithuania | $37.54 Bn | $9.91 Bn | $27.63 Bn |
 | Ecuador | $36.49 Bn | $1.17 Bn | $35.32 Bn |
 | Serbia | $29.78 Bn | $17.04 Bn | $12.75 Bn |
 | Angola | $27.69 Bn | $16.08 Bn | $11.61 Bn |
 | Kuwait | $27.05 Bn | $7.01 Bn | $20.04 Bn |
 | Cyprus | $23.79 Bn | $5.94 Bn | $17.85 Bn |
 | Guatemala | $23.77 Bn | $10.31 Bn | $13.46 Bn |
 | Latvia | $23.58 Bn | $2.06 Bn | $21.52 Bn |
 | Jamaica | $23.35 Bn | $14.98 Bn | $8.37 Bn |
 | Cayman Islands | $21.04 Bn | $312.00 Mn | $20.73 Bn |
 | Belarus | $20.61 Bn | $18.81 Bn | $1.80 Bn |
 | Malta | $20.31 Bn | $18.71 Bn | $1.60 Bn |
 | Honduras | $17.43 Bn | $5.40 Bn | $12.03 Bn |
 | Paraguay | $17.41 Bn | $4.84 Bn | $12.56 Bn |
 | Uzbekistan | $16.49 Bn | $4.47 Bn | $12.03 Bn |
 | Tunisia | $16.20 Bn | $14.58 Bn | $1.61 Bn |
 | Senegal | $15.84 Bn | $10.90 Bn | $4.93 Bn |
 | Bermuda | $15.69 Bn | $3.29 Bn | $12.40 Bn |
 | Mauritius | $15.49 Bn | $12.46 Bn | $3.03 Bn |
 | Uganda | $15.01 Bn | $15.01 Bn | |
 | Albania | $13.08 Bn | $9.39 Bn | $3.68 Bn |
 | Estonia | $12.84 Bn | $2.40 Bn | $10.45 Bn |
 | Zambia | $12.59 Bn | $7.57 Bn | $5.02 Bn |
 | Trinidad and Tobago | $12.15 Bn | $5.25 Bn | $6.91 Bn |
 | Azerbaijan | $11.28 Bn | $6.68 Bn | $4.60 Bn |
 | Bolivia | $10.77 Bn | $8.30 Bn | $2.47 Bn |
 | Armenia | $10.10 Bn | $8.10 Bn | $2.00 Bn |
 | Tanzania | $10.05 Bn | $10.05 Bn | |
 | Namibia | $9.60 Bn | $8.85 Bn | $750.00 Mn |
 | Macau | $9.48 Bn | $873.00 Mn | $8.61 Bn |
 | El Salvador | $9.28 Bn | $692.00 Mn | $8.59 Bn |
 | Bahamas | $9.01 Bn | $5.62 Bn | $3.39 Bn |
 | Togo | $9.01 Bn | $5.07 Bn | $3.94 Bn |
 | Liechtenstein | $8.62 Bn | $6.71 Bn | $1.91 Bn |
 | North Macedonia | $8.15 Bn | $5.92 Bn | $2.23 Bn |
 | Burkina Faso | $7.49 Bn | $7.49 Bn | |
 | Georgia | $7.03 Bn | $4.62 Bn | $2.42 Bn |
 | Mali | $6.78 Bn | $6.78 Bn | |
 | Gabon | $6.58 Bn | $4.12 Bn | $2.46 Bn |
 | Mozambique | $6.43 Bn | $5.53 Bn | $900.00 Mn |
 | Malawi | $6.36 Bn | $6.36 Bn | |
 | Benin | $6.09 Bn | $3.45 Bn | $2.64 Bn |
 | Mongolia | $5.76 Bn | $221.00 Mn | $5.54 Bn |
 | Republic of the Congo | $5.44 Bn | $3.81 Bn | $1.63 Bn |
 | Cameroon | $5.07 Bn | $3.56 Bn | $1.51 Bn |
 | Papua New Guinea | $4.91 Bn | $4.41 Bn | $500.00 Mn |
 | Barbados | $4.89 Bn | $2.90 Bn | $1.99 Bn |
 | Niger | $4.34 Bn | $4.34 Bn | |
 | Bosnia and Herzegovina | $3.99 Bn | $3.22 Bn | $763.00 Mn |
 | Botswana | $3.89 Bn | $3.89 Bn | |
 | Kyrgyzstan | $3.78 Bn | $3.08 Bn | $700.00 Mn |
 | Moldova | $3.73 Bn | $2.81 Bn | $918.00 Mn |
 | Montenegro | $3.29 Bn | $74.00 Mn | $3.22 Bn |
 | Ethiopia | $2.97 Bn | $1.97 Bn | $1.00 Bn |
 | Iraq | $2.79 Bn | $94.00 Mn | $2.70 Bn |
 | Fiji | $2.67 Bn | $2.67 Bn | |
 | Chad | $2.43 Bn | $2.43 Bn | |
 | Rwanda | $2.12 Bn | $1.50 Bn | $620.00 Mn |
 | Myanmar | $2.12 Bn | $2.12 Bn | |
 | Guernsey | $1.99 Bn | $848.00 Mn | $1.15 Bn |
 | Maldives | $1.86 Bn | $1.36 Bn | $500.00 Mn |
 | Laos | $1.68 Bn | $1.68 Bn | |
 | Andorra | $1.54 Bn | $1.54 Bn | |
 | Sudan | $1.47 Bn | $1.47 Bn | |
 | San Marino | $1.35 Bn | $944.00 Mn | $411.00 Mn |
 | Yemen | $1.31 Bn | $1.31 Bn | |
 | Nepal | $1.24 Bn | $1.24 Bn | |
 | Isle of Man | $1.19 Bn | $1.19 Bn | |
 | Guyana | $1.14 Bn | $1.11 Bn | $25.00 Mn |
 | Cape Verde | $1.04 Bn | $1.04 Bn | |
 | Suriname | $975.00 Mn | $975.00 Mn | |
 | Equatorial Guinea | $963.00 Mn | $963.00 Mn | |
 | Mauritania | $847.00 Mn | $76.00 Mn | $771.00 Mn |
 | Guinea-Bissau | $819.00 Mn | $819.00 Mn | |
 | Burundi | $813.00 Mn | $813.00 Mn | |
 | Cambodia | $793.00 Mn | $793.00 Mn | |
 | Gambia | $665.00 Mn | $665.00 Mn | |
 | Monaco | $621.00 Mn | $586.00 Mn | $35.00 Mn |
 | Seychelles | $612.00 Mn | $429.00 Mn | $184.00 Mn |
 | Central African Republic | $595.00 Mn | $595.00 Mn | |
 | Eswatini | $538.00 Mn | $538.00 Mn | |
 | Tajikistan | $536.00 Mn | $36.00 Mn | $500.00 Mn |
 | Grenada | $343.00 Mn | $59.00 Mn | $283.00 Mn |
 | Nicaragua | $324.00 Mn | $324.00 Mn | |
 | Saint Lucia | $281.00 Mn | $281.00 Mn | |
 | Lesotho | $270.00 Mn | $270.00 Mn | |
 | Antigua and Barbuda | $248.00 Mn | $248.00 Mn | |
 | Bhutan | $235.00 Mn | $235.00 Mn | |
 | Aruba | $192.00 Mn | $192.00 Mn | |
 | Belize | $155.00 Mn | $152.00 Mn | $3.00 Mn |
 | Saint Kitts and Nevis | $142.00 Mn | $142.00 Mn | |
 | Sierra Leone | $132.00 Mn | $132.00 Mn | |
 | Madagascar | $87.00 Mn | $87.00 Mn | |
 | Dominica | $63.00 Mn | $63.00 Mn | |
 | Saint Vincent and the Grenadines | $45.00 Mn | $45.00 Mn | |
 | Zimbabwe | $4.00 Mn |
