Data / Rankings / Stock market turnover ratio / Countries

Countries by stock market turnover ratio

Namibia had the highest stock market turnover ratio of 77 countries in 2010, at 1,721.5%. Luxembourg had the lowest, at 0.2%. The median was 24.5% and the figure for the World was 129.9%. Source: the World Bank.

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Highest1,721.5Namibia
Lowest0.2Luxembourg
Median24.577 countries
World129.9History

Map of countries, 2010

United Arab Emirates: 21.1 %Argentina: 4 %Austria: 38.8 %Australia: 77.8 %Bangladesh: 11.6 %Belgium: 40 %Bulgaria: 5.1 %Brazil: 58.8 %Canada: 64.7 %Switzerland: 71.2 %Côte d’Ivoire: 3.2 %Chile: 16.9 %China: 205 %Colombia: 10.9 %Costa Rica: 2.9 %Cyprus: 10.9 %Germany: 104.5 %Egypt: 44.2 %Spain: 117.3 %France: 70.6 %United Kingdom: 119.6 %Ghana: 3.5 %Greece: 60.1 %Hong Kong: 54.9 %Croatia: 4.1 %Hungary: 95.5 %Indonesia: 29 %Ireland: 14.7 %Israel: 47.6 %India: 60.2 %Iran: 19.6 %Italy: 124.4 %Jordan: 27.9 %Japan: 111.6 %Kenya: 5.5 %South Korea: 149.3 %Cayman Islands: 0.4 %Kazakhstan: 2 %Lebanon: 14.8 %Sri Lanka: 25.1 %Luxembourg: 0.2 %Morocco: 8.8 %Montenegro: 1.4 %Mauritius: 4.7 %Mexico: 24.5 %Malaysia: 28.1 %Namibia: 1,721.5 %Nigeria: 10.1 %Netherlands: 84.3 %Norway: 71.8 %Oman: 11.7 %Panama: 0.8 %Peru: 3.9 %Papua New Guinea: 0.2 %Philippines: 14.1 %Pakistan: 30.7 %Poland: 36.4 %Palestine: 15.3 %Portugal: 65.4 %Romania: 11.8 %Serbia: 7.6 %Russia: 53.3 %Saudi Arabia: 56.9 %Singapore: 47.2 %Slovenia: 5.1 %Slovakia: 7.4 %Thailand: 80.1 %Tunisia: 17.2 %Türkiye: 133.3 %Ukraine: 7.3 %United States: 208.4 %Vietnam: 83.7 %South Africa: 30 %
  • Under 10
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%, 2010. Hatched areas have no value for this period. Source: World Bank, Stocks traded, turnover ratio of domestic shares (%) (CM.MKT.TRNR). Boundaries: Natural Earth (public domain).

Top 40 countries, 2010

Namibia: 1,721.5 %Namibia1,721.5United States: 208.4 %United States208.4China: 205 %China205South Korea: 149.3 %South Korea149.3Türkiye: 133.3 %Türkiye133.3Italy: 124.4 %Italy124.4United Kingdom: 119.6 %United Kingdom119.6Spain: 117.3 %Spain117.3Japan: 111.6 %Japan111.6Germany: 104.5 %Germany104.5Hungary: 95.5 %Hungary95.5Netherlands: 84.3 %Netherlands84.3Vietnam: 83.7 %Vietnam83.7Thailand: 80.1 %Thailand80.1Australia: 77.8 %Australia77.8Norway: 71.8 %Norway71.8Switzerland: 71.2 %Switzerland71.2France: 70.6 %France70.6Portugal: 65.4 %Portugal65.4Canada: 64.7 %Canada64.7India: 60.2 %India60.2Greece: 60.1 %Greece60.1Brazil: 58.8 %Brazil58.8Saudi Arabia: 56.9 %Saudi Arabia56.9Hong Kong: 54.9 %Hong Kong54.9Russia: 53.3 %Russia53.3Israel: 47.6 %Israel47.6Singapore: 47.2 %Singapore47.2Egypt: 44.2 %Egypt44.2Belgium: 40 %Belgium40Austria: 38.8 %Austria38.8Poland: 36.4 %Poland36.4Pakistan: 30.7 %Pakistan30.7South Africa: 30 %South Africa30Indonesia: 29 %Indonesia29Malaysia: 28.1 %Malaysia28.1Jordan: 27.9 %Jordan27.9Sri Lanka: 25.1 %Sri Lanka25.1Mexico: 24.5 %Mexico24.5United Arab Emirates: 21.1 %United Arab Emirates21.1Namibia: 1,721.5 %Namibia1,721.5United States: 208.4 %United States208.4China: 205 %China205South Korea: 149.3 %South Korea149.3Türkiye: 133.3 %Türkiye133.3Italy: 124.4 %Italy124.4United Kingdom: 119.6 %United Kingdom119.6Spain: 117.3 %Spain117.3Japan: 111.6 %Japan111.6Germany: 104.5 %Germany104.5Hungary: 95.5 %Hungary95.5Netherlands: 84.3 %Netherlands84.3Vietnam: 83.7 %Vietnam83.7Thailand: 80.1 %Thailand80.1Australia: 77.8 %Australia77.8Norway: 71.8 %Norway71.8Switzerland: 71.2 %Switzerland71.2France: 70.6 %France70.6Portugal: 65.4 %Portugal65.4Canada: 64.7 %Canada64.7India: 60.2 %India60.2Greece: 60.1 %Greece60.1Brazil: 58.8 %Brazil58.8Saudi Arabia: 56.9 %Saudi Arabia56.9Hong Kong: 54.9 %Hong Kong54.9Russia: 53.3 %Russia53.3Israel: 47.6 %Israel47.6Singapore: 47.2 %Singapore47.2Egypt: 44.2 %Egypt44.2Belgium: 40 %Belgium40Austria: 38.8 %Austria38.8Poland: 36.4 %Poland36.4Pakistan: 30.7 %Pakistan30.7South Africa: 30 %South Africa30Indonesia: 29 %Indonesia29Malaysia: 28.1 %Malaysia28.1Jordan: 27.9 %Jordan27.9Sri Lanka: 25.1 %Sri Lanka25.1Mexico: 24.5 %Mexico24.5United Arab Emirates: 21.1 %United Arab Emirates21.1
%. Source: World Bank, Stocks traded, turnover ratio of domestic shares (%) (CM.MKT.TRNR). Retrieved 2026-10-12.

Full ranking

RankCountries2010 (%)Change on 2009
1Namibia1,721.5+1,641.2 pts
2United States208.4-19.1 pts
3China205-14.1 pts
4South Korea149.3-52.7 pts
5Türkiye133.3-1.7 pts
6Italy124.4-16.9 pts
7United Kingdom119.6+19.2 pts
8Spain117.3+28.2 pts
9Japan111.6-5.4 pts
10Germany104.5-33.8 pts
11Hungary95.5+4.9 pts
12Netherlands84.3-12.6 pts
13Vietnam83.7-15.4 pts
14Thailand80.1+8.5 pts
15Australia77.8+11.1 pts
16Norway71.8-19.6 pts
17Switzerland71.2-1.2 pts
18France70.6+4.7 pts
19Portugal65.4+19.9 pts
20Canada64.7-14.8 pts
21India60.2-16.7 pts
22Greece60.1+7.5 pts
23Brazil58.8+5.8 pts
24Saudi Arabia56.9-48.2 pts
25Hong Kong54.9-6.4 pts
26Russia53.3-13.7 pts
27Israel47.6+5.4 pts
28Singapore47.2-5.5 pts
29Egypt44.2-37.4 pts
30Belgium40-7.5 pts
31Austria38.8-6.4 pts
32Poland36.4-1.1 pts
33Pakistan30.7-24.5 pts
34South Africa30+2.7 pts
35Indonesia29-11.1 pts
36Malaysia28.1+0.1 pts
37Jordan27.9-12.7 pts
38Sri Lanka25.1+12 pts
39Mexico24.5+2.4 pts
40United Arab Emirates21.1-26.5 pts
41Iran19.6-9.1 pts
42Tunisia17.2n/a
43Chile16.9+0.9 pts
44Palestine15.3-2.2 pts
45Lebanon14.8+6.7 pts
46Ireland14.7-1.4 pts
47Philippines14.1-2.4 pts
48Romania11.8-0.8 pts
49Oman11.7-14.3 pts
50Bangladesh11.6+0.4 pts
51Colombia10.9-3.2 pts
52Cyprus10.9-6.3 pts
53Nigeria10.1-3.8 pts
54Morocco8.8n/a
55Serbia7.6+2.8 pts
56Slovakia7.4+4 pts
57Ukraine7.3n/a
58Bermuda6.8+4.5 pts
59Kenya5.5+3.7 pts
60Slovenia5.1-3.4 pts
61Bulgaria5.1-0.5 pts
62Mauritius4.7-0.5 pts
63Croatia4.1-1.4 pts
64Argentina4+0.7 pts
65Peru3.9-0.3 pts
66Ghana3.5+1.3 pts
67Côte d’Ivoire3.2-0.8 pts
68Costa Rica2.9+0.7 pts
69Kazakhstan2-13.3 pts
70Barbados1.5n/a
71Bahrain1.4-1.4 pts
72Montenegro1.4n/a
73Malta1.2+0.3 pts
74Panama0.8+0.4 pts
75Cayman Islands0.4-0.7 pts
76Papua New Guinea0.2+0.1 pts
77Luxembourg0.2-0.1 pts

Other periods

About this ranking

Value of domestic shares traded relative to their market capitalization, annualized by multiplying the monthly average by 12, in percent.

The denominator is market capitalization, rather than GDP. Compiled by WDI from the World Federation of Exchanges. A published zero is valid. The latest year varies by country.

Every value in the ranking comes from the same publisher and the same period, so the countries are compared on one definition. 24 countries with data in other periods have no value for 2010 and are left out rather than filled from another source. Equal values share a rank.

How to cite

World Bank, World Development Indicators. Stocks traded, turnover ratio of domestic shares (%) (CM.MKT.TRNR). https://data.worldbank.org/indicator/CM.MKT.TRNR. Retrieved 2026-10-12. Licensed under CC BY 4.0.

Citation styles

The publisher is the author. Invokely is named only as the place the figures were read, where a style asks for it.

APA 7

World Bank. (2026). Stocks traded, turnover ratio of domestic shares (%) (CM.MKT.TRNR) (Countries by stock market turnover ratio, 2010) [Data set]. Retrieved October 12, 2026, from https://data.worldbank.org/indicator/CM.MKT.TRNR

MLA 9

Stocks traded, turnover ratio of domestic shares (%) (CM.MKT.TRNR), Countries by stock market turnover ratio, 2010. World Bank, 8 Oct. 2026, https://data.worldbank.org/indicator/CM.MKT.TRNR. Invokely, https://invokely.ai/rankings/stock-market-turnover-ratio/countries?period=2010. Accessed 12 Oct. 2026.

Chicago (author-date)

World Bank. 2026. Stocks traded, turnover ratio of domestic shares (%) (CM.MKT.TRNR). Countries by stock market turnover ratio, 2010. Dataset. Accessed October 12, 2026. https://data.worldbank.org/indicator/CM.MKT.TRNR. Also distributed by Invokely, https://invokely.ai/rankings/stock-market-turnover-ratio/countries?period=2010.

Harvard

World Bank (2026) Stocks traded, turnover ratio of domestic shares (%) (CM.MKT.TRNR), Countries by stock market turnover ratio, 2010 [Dataset]. Available at: https://data.worldbank.org/indicator/CM.MKT.TRNR, via Invokely: https://invokely.ai/rankings/stock-market-turnover-ratio/countries?period=2010 (Accessed: 12 October 2026).

BibTeX
@misc{world_countries_by_stock_market_2010,
  author = {{World Bank}},
  title = {{Stocks traded, turnover ratio of domestic shares (\%) (CM.MKT.TRNR): Countries by stock market turnover ratio, 2010}},
  year = {2026},
  howpublished = {Data set},
  url = {https://data.worldbank.org/indicator/CM.MKT.TRNR},
  urldate = {2026-10-12},
  note = {Accessed via Invokely, https://invokely.ai/rankings/stock-market-turnover-ratio/countries?period=2010. Publisher attribution: World Bank, World Development Indicators. Stocks traded, turnover ratio of domestic shares (\%) (CM.MKT.TRNR). https://data.worldbank.org/indicator/CM.MKT.TRNR. Retrieved 2026-10-12. Licensed under CC BY 4.0.},
}
RIS
TY  - DATA
AU  - World Bank
TI  - Stocks traded, turnover ratio of domestic shares (%) (CM.MKT.TRNR): Countries by stock market turnover ratio, 2010
PY  - 2026
DA  - 2026/10/08
PB  - World Bank
DB  - Invokely
UR  - https://data.worldbank.org/indicator/CM.MKT.TRNR
L2  - https://invokely.ai/rankings/stock-market-turnover-ratio/countries?period=2010
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/rankings/stock-market-turnover-ratio/countries?period=2010.
N1  - Publisher attribution: World Bank, World Development Indicators. Stocks traded, turnover ratio of domestic shares (%) (CM.MKT.TRNR). https://data.worldbank.org/indicator/CM.MKT.TRNR. Retrieved 2026-10-12. Licensed under CC BY 4.0.
ER  -
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Questions

Which country has the highest stock market turnover ratio?

Namibia, with 1,721.5% in 2010, according to the World Bank.

Which country has the lowest stock market turnover ratio?

Luxembourg, with 0.2% in 2010.

Where does this ranking come from?

Every value comes from one source and one period, so the places are comparable: World Bank, Stocks traded, turnover ratio of domestic shares (%) (CM.MKT.TRNR). Retrieved 2026-10-12. 24 countries have no value for 2010 and are not ranked.

Stock market turnover ratio: other rankings

Countries: more rankings