Data / Rankings / Stock market turnover ratio / Countries

Countries by stock market turnover ratio

Namibia had the highest stock market turnover ratio of 79 countries in 2011, at 1,107.2%. Cayman Islands had the lowest, at 0.1%. The median was 19% and the figure for the World was 152.4%. Source: the World Bank.

Highest1,107.2Namibia
Lowest0.1Cayman Islands
Median1979 countries
World152.4History

Top 40 countries, 2011

Namibia: 1,107.2 %Namibia1,107.2United States: 262.4 %United States262.4Italy: 196.2 %Italy196.2China: 195.6 %China195.6South Korea: 194.2 %South Korea194.2Türkiye: 183.2 %Türkiye183.2Germany: 132.8 %Germany132.8Japan: 129.6 %Japan129.6Spain: 109.4 %Spain109.4United Kingdom: 103.5 %United Kingdom103.5Australia: 94.2 %Australia94.2Netherlands: 87 %Netherlands87Saudi Arabia: 86 %Saudi Arabia86France: 85.6 %France85.6Norway: 83.6 %Norway83.6Hungary: 83.4 %Hungary83.4Thailand: 80.2 %Thailand80.2Canada: 77.1 %Canada77.1Switzerland: 76 %Switzerland76Russia: 70.7 %Russia70.7Greece: 68 %Greece68Brazil: 67.1 %Brazil67.1Hong Kong: 63.6 %Hong Kong63.6India: 59.5 %India59.5Portugal: 57.8 %Portugal57.8Poland: 52.9 %Poland52.9Israel: 48.8 %Israel48.8Singapore: 45.9 %Singapore45.9Austria: 45.5 %Austria45.5Belgium: 45 %Belgium45Vietnam: 44.4 %Vietnam44.4Malaysia: 32.9 %Malaysia32.9Egypt: 32.5 %Egypt32.5Pakistan: 29.6 %Pakistan29.6South Africa: 28.6 %South Africa28.6Indonesia: 27 %Indonesia27Sri Lanka: 24.7 %Sri Lanka24.7Mexico: 24.4 %Mexico24.4Romania: 20.9 %Romania20.9Chile: 19 %Chile19
%. Source: World Bank, Stocks traded, turnover ratio of domestic shares (%) (CM.MKT.TRNR). Retrieved 2026-10-12.

Full ranking

RankCountries2011 (%)Change on 2010
1Namibia1,107.2-614.3 pts
2United States262.4+54 pts
3Italy196.2+71.8 pts
4China195.6-9.4 pts
5South Korea194.2+44.9 pts
6Türkiye183.2+49.9 pts
7Germany132.8+28.3 pts
8Japan129.6+18.1 pts
9Spain109.4-7.9 pts
10United Kingdom103.5-16.1 pts
11Australia94.2+16.4 pts
12Netherlands87+2.7 pts
13Saudi Arabia86+29.1 pts
14France85.6+15 pts
15Norway83.6+11.8 pts
16Hungary83.4-12.1 pts
17Thailand80.2+0.1 pts
18Canada77.1+12.3 pts
19Switzerland76+4.8 pts
20Russia70.7+17.5 pts
21Greece68+7.9 pts
22Brazil67.1+8.4 pts
23Hong Kong63.6+8.8 pts
24India59.5-0.7 pts
25Portugal57.8-7.6 pts
26Poland52.9+16.4 pts
27Israel48.8+1.3 pts
28Singapore45.9-1.3 pts
29Austria45.5+6.7 pts
30Belgium45+5.1 pts
31Vietnam44.4-39.3 pts
32Malaysia32.9+4.9 pts
33Egypt32.5-11.6 pts
34Pakistan29.6-1.1 pts
35South Africa28.6-1.3 pts
36Indonesia27-1.9 pts
37Sri Lanka24.7-0.4 pts
38Mexico24.4-0 pts
39Romania20.9+9.1 pts
40Chile19+2 pts
41Philippines16.6+2.4 pts
42United Arab Emirates16-5.1 pts
43Cyprus15.7+4.9 pts
44Jordan14.3-13.5 pts
45Iran13.5-6.2 pts
46Colombia12.9+2 pts
47Tunisia10.9-6.4 pts
48Palestine10.9-4.4 pts
49Nigeria9.9-0.2 pts
50Oman9.5-2.2 pts
51Serbia9.4+1.9 pts
52Kenya9+3.5 pts
53Slovakia8.3+0.9 pts
54Ghana8.2+4.7 pts
55Slovenia8.1+3 pts
56Ireland7.5-7.2 pts
57Morocco6.8-2 pts
58Mauritius6.5+1.8 pts
59Peru6.3+2.5 pts
60Lebanon5.7-9.1 pts
61Argentina5.6+1.6 pts
62Jamaica5.1n/a
63Bangladesh4.7-7 pts
64Ukraine4.6-2.7 pts
65Croatia4.10 pts
66Bulgaria3.9-1.2 pts
67Panama3+2.2 pts
68Barbados2.6+1 pts
69Costa Rica2.5-0.4 pts
70Kazakhstan2.4+0.4 pts
71Montenegro2.2+0.8 pts
72Côte d’Ivoire1.9-1.3 pts
73Bermuda1.5-5.3 pts
74Malta1.4+0.3 pts
75Bahrain0.9-0.5 pts
76Zambia0.6n/a
77Papua New Guinea0.6+0.3 pts
78Luxembourg0.20 pts
79Cayman Islands0.1-0.3 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. 22 countries with data in other periods have no value for 2011 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, 2011) [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, 2011. World Bank, 8 Oct. 2026, https://data.worldbank.org/indicator/CM.MKT.TRNR. Invokely, https://invokely.ai/rankings/stock-market-turnover-ratio/countries?period=2011. 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, 2011. 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=2011.

Harvard

World Bank (2026) Stocks traded, turnover ratio of domestic shares (%) (CM.MKT.TRNR), Countries by stock market turnover ratio, 2011 [Dataset]. Available at: https://data.worldbank.org/indicator/CM.MKT.TRNR, via Invokely: https://invokely.ai/rankings/stock-market-turnover-ratio/countries?period=2011 (Accessed: 12 October 2026).

BibTeX
@misc{world_countries_by_stock_market_2011,
  author = {{World Bank}},
  title = {{Stocks traded, turnover ratio of domestic shares (\%) (CM.MKT.TRNR): Countries by stock market turnover ratio, 2011}},
  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=2011. 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, 2011
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=2011
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/rankings/stock-market-turnover-ratio/countries?period=2011.
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 1,107.2% in 2011, according to the World Bank.

Which country has the lowest stock market turnover ratio?

Cayman Islands, with 0.1% in 2011.

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. 22 countries have no value for 2011 and are not ranked.

Stock market turnover ratio: other rankings

Countries: more rankings