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
Democratic Republic of Congo	Africa
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

A number of Central African countries are served by the Bourse des valeurs mobilières de l'Afrique centrale (BVMAC), based in Douala, Cameroon. Thus, there is no individual stock exchange on their territories.

•  Republic of Congo
•  Equatorial Guinea
•  Chad
•  Gabon
•  Central African Republic

A number of West African countries are served by the Bourse Régionale des Valeurs Mobilières (BVRM), based in Abidjan, Côte d'Ivoire. Thus, there is no individual stock exchange on their territories.

• Benin
• Burkina Faso
• Guinea Bissau
• Mali
• Niger
• Senegal
• Togo.

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.