## Figure 1.19. Market Size and Domestic Investor Base

## Source details

**Canonical URL:** [Figure 1.19. Market Size and Domestic Investor Base](https://www.imf.org/-/media/files/publications/gfsr/2018/oct/ch1/pdf/figure1-19.pdf)

## Other formats

- [Markdown version](/-/media/files/publications/gfsr/2018/oct/ch1/pdf/figure1-19.pdf.md)
- [Structured JSON version](/-/media/files/publications/gfsr/2018/oct/ch1/pdf/figure1-19.pdf.json)

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### 1. Size of International and Domestic Bond Markets (Percent of GDP)
- Axis range shown: 0 140
- Years or labels shown along axis: 2005 1317 051317051317051317051317051317051317051317051317051317051317051317051317051317
- Country ISO codes shown as data labels: CHN IND IDN MYS PHL THA ZAF RUS TUR ARG BRA CHL MEX PER HUN
- Visual summary phrase from source: While bond markets in many emerging market economies have grown significantly ... overall financial deepening varies across countries.

### 2. Foreign Investors, Domestic Investor Base, and Market-Liquidity Measures
- Panel headings and measures:
  - Foreign Investors
  - Domestic Investor Base
  - Market Liquidity/Depth
- Measures listed with units where given:
  - Debt % GDP
  - Equities % GDP
  - Mutual funds % GDP
  - Insurance assets % GDP
  - Pension funds % GDP
  - Banks % GDP
  - FX turnover (Spot) Mkt Cap% GDP
  - FX turnover (Forwards, Swaps, Options) % GDP
  - Equity turnover % GDP
  - International debt trading volume % GDP

- Country list shown in panel 2 (order preserved): China India Indonesia Malaysia Philippines Thailand Argentina Brazil Chile Colombia Mexico Peru Hungary Poland Russia Turkey Median South Africa

- Numeric strings and values as presented in the figure (preserved exactly):
  - 2018:Q1 2018:Q1 2017 2016 2016 2017 Apr. 2016 Apr. 2016 2017 2018:Q1
  - 6142013080.30.41921
  - 612171750.70.9431
  - 11342570.30.21810
  - 266020601880.52.3283
  - 172841010.40.41212
  - 29302261861.01.6591
  - 455...340.20.0730
  - 186013131910.40.77010
  - 122022701141.61.41210
  - 3...722700.70.61118
  - 1310714670.61.32719
  - 114621630.40.4620
  - 131284990.62.13214
  - 108108940.41.53412
  - 110.224901.52.0237
  - 5752661001141.06.13117
  - 62521050.81.817214
  - 3
  - 4
  - 16
  - 29
  - 8
  - 9
  - 22
  - 11
  - 25
  - 25
  - 32
  - 19
  - 29
  - 25
  - 5
  - 26
  - 15
  - 19111187990.612812

### Notes and Definitions
- Sources: Bank for International Settlements; CEIC; EMTA; IMF, International Financial Statistics database, World Economic Outlook database; Investment Company Institute; national authorities; World Bank, Global Financial Development database; World Federation of Exchanges; and IMF staff calculations.
- Note excerpts preserved verbatim:
  - Pension fund data include private and funded plans. Mutual fund data exclude closed-end funds and exchange-traded funds. For each indicator, the “best” and the “worst” quartile values are highlighted in green and red, respectively, across a snapshot of different countries, with the assumption that it is better to have deeper domestic investor base and market liquidity. In panel 2, FX turnover is quoted on a daily basis. Data labels in panel 1 use International Organization for Standardization (ISO) country codes. FX = foreign exchange; Mkt Cap = market capitalization.

*Source: figure1-19*

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_Source: https://www.imf.org/-/media/files/publications/gfsr/2018/oct/ch1/pdf/figure1-19.pdf_