List of countries without a stock exchange

This is a list of sovereign states without a stock exchange. It may be incomplete.

Country	Continent
Afghanistan	Asia
Andorra[1]	Europe
Belize[2]	North America
Brunei[3]	Asia
Burundi	Africa
Comoros[4]	Africa
Cuba[5]	North America
Eritrea	Africa
Gambia	Africa
Kiribati	Oceania
Liechtenstein	Europe
Marshall Islands[6]	Oceania
Federated States of Micronesia	Oceania
Monaco	Europe
Nauru[7]	Oceania
North Korea	Asia
Palau	Oceania
Samoa	Oceania
San Marino	Europe
Solomon Islands	Oceania
South Sudan	Africa
Timor-Leste[8]	Asia
Tonga	Oceania
Tuvalu	Oceania
Vanuatu	Oceania
Vatican City	Europe
Yemen	Asia

The following de facto states do not maintain stock exchanges:

•  Abkhazia
•  Kosovo
•  Northern Cyprus
•  Sahrawi Arab Democratic Republic
•  Somaliland
•  South Ossetia
•  Transnistria

A number of Caribbean countries are served by the Eastern Caribbean Securities Exchange (ECSE), based in Basseterre, Saint Kitts and Nevis. Thus, there is no individual stock exchange on their territories.

•  Anguilla (BOT)
•  Antigua and Barbuda^[9][10]
•  Dominica
•  Grenada
•  Montserrat (BOT)
•  Saint Lucia
•  Saint Vincent and the Grenadines

See also

• List of ASEAN stock exchanges by market capitalization
• List of stock exchanges
• Stock exchanges of small economies

References

1. "Andorra: Assessment of Financial Sector Supervision and Regulation" (PDF). International Monetary Fund. February 2007. Retrieved 2013-01-19.
2. Morris, Felipe (March 2019). "A Blueprint for Capital Market Development in Belize" (PDF). Inter-American Development Bank – via policytracker.bz.
3. Hj Roslan, Nurhamiza; Rachel Thien (2011-03-06). "Need to build Brunei stock exchange". The Brunei Times. Brunei Times Sdn Bhd. Archived from the original on 2013-01-22. Retrieved 2013-01-31.
4. Doing business in Comoros (PDF), Safat, Kuwait: Ernst & Young Consultancy Co. W.L.L., August 2009, p. 9
5. "Socialist Economies: How China, Cuba And North Korea Work". Investopedia. Retrieved 2017-10-08.
6. "2012 Investment Climate Statement - Marshall Islands". The Office of Website Management, Bureau of Public Affairs U.S. State Department. June 2012. Retrieved 2013-04-28.
7. "Major Corporations in Nauru". Commonwealth Network. Nexus Strategic Partnerships Limited. Retrieved 2013-05-25.
8. "2018 Investment Climate Statements: Timor-Leste". US Department of State. Retrieved 12 August 2019.
9. "Caribbean Financial Network". Caribbean Financial Network. Archived from the original on 2013-07-31. Retrieved 2013-01-19.
10. "2011 Investment Climate Statement - Antigua and Barbuda". The Office of Website Management, Bureau of Public Affairs U.S. State Department. Retrieved 2013-01-19.