EU countries by stock market turnover ratio

The Netherlands had the highest stock market turnover ratio of 23 EU countries in 2002, at 131.6%. Luxembourg had the lowest, at 1.3%. The median was 30.5%. Source: the World Bank.

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Highest131.6Netherlands
Lowest1.3Luxembourg
Median30.523 EU countries

Map of EU countries, 2002

Austria: 19.4 %Belgium: 29.9 %Bulgaria: 22.6 %Czechia: 57.7 %Germany: 127.1 %Denmark: 42.4 %Spain: 98.3 %Finland: 103.6 %France: 106.8 %Greece: 30.5 %Croatia: 2 %Hungary: 51.1 %Ireland: 5.2 %Italy: 120.8 %Luxembourg: 1.3 %Malta: 4 %Netherlands: 131.6 %Poland: 11.4 %Portugal: 52.7 %Romania: 5.7 %Sweden: 103.6 %Slovenia: 16.6 %Slovakia: 2.3 %
  • Under 5
  • 5 to 22
  • 22 to 51
  • 51 to 100
  • 100 and over
  • No data
%, 2002. 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).

All EU countries, 2002

Netherlands: 131.6 %Netherlands131.6Germany: 127.1 %Germany127.1Italy: 120.8 %Italy120.8France: 106.8 %France106.8Sweden: 103.6 %Sweden103.6Finland: 103.6 %Finland103.6Spain: 98.3 %Spain98.3Czechia: 57.7 %Czechia57.7Portugal: 52.7 %Portugal52.7Hungary: 51.1 %Hungary51.1Denmark: 42.4 %Denmark42.4Greece: 30.5 %Greece30.5Belgium: 29.9 %Belgium29.9Bulgaria: 22.6 %Bulgaria22.6Austria: 19.4 %Austria19.4Slovenia: 16.6 %Slovenia16.6Poland: 11.4 %Poland11.4Romania: 5.7 %Romania5.7Ireland: 5.2 %Ireland5.2Malta: 4 %Malta4Slovakia: 2.3 %Slovakia2.3Croatia: 2 %Croatia2Luxembourg: 1.3 %Luxembourg1.3Netherlands: 131.6 %Netherlands131.6Germany: 127.1 %Germany127.1Italy: 120.8 %Italy120.8France: 106.8 %France106.8Sweden: 103.6 %Sweden103.6Finland: 103.6 %Finland103.6Spain: 98.3 %Spain98.3Czechia: 57.7 %Czechia57.7Portugal: 52.7 %Portugal52.7Hungary: 51.1 %Hungary51.1Denmark: 42.4 %Denmark42.4Greece: 30.5 %Greece30.5Belgium: 29.9 %Belgium29.9Bulgaria: 22.6 %Bulgaria22.6Austria: 19.4 %Austria19.4Slovenia: 16.6 %Slovenia16.6Poland: 11.4 %Poland11.4Romania: 5.7 %Romania5.7Ireland: 5.2 %Ireland5.2Malta: 4 %Malta4Slovakia: 2.3 %Slovakia2.3Croatia: 2 %Croatia2Luxembourg: 1.3 %Luxembourg1.3
%. Source: World Bank, Stocks traded, turnover ratio of domestic shares (%) (CM.MKT.TRNR). Retrieved 2026-10-12.

Full ranking

RankEU countries2002 (%)Change on 2001
1Netherlands131.6+41 pts
2Germany127.1+5.7 pts
3Italy120.8+7.1 pts
4France106.8+23.3 pts
5Sweden103.6-23.2 pts
6Finland103.6+9.6 pts
7Spain98.3-220.1 pts
8Czechia57.7+15.4 pts
9Portugal52.7-6.2 pts
10Hungary51.1n/a
11Denmark42.4-35.2 pts
12Greece30.5-13.3 pts
13Belgium29.9+7.1 pts
14Bulgaria22.6-62.9 pts
15Austria19.4-9.6 pts
16Slovenia16.6-11.3 pts
17Poland11.4-27.7 pts
18Romania5.7-3.7 pts
19Ireland5.2-24.6 pts
20Malta4+0.4 pts
21Slovakia2.3-1.8 pts
22Croatia2-1.7 pts
23Luxembourg1.3-0.6 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 EU countries are compared on one definition. 1 EU countries with data in other periods have no value for 2002 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) (EU countries by stock market turnover ratio, 2002) [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), EU countries by stock market turnover ratio, 2002. World Bank, 8 Oct. 2026, https://data.worldbank.org/indicator/CM.MKT.TRNR. Invokely, https://invokely.ai/rankings/stock-market-turnover-ratio/eu-countries?period=2002. Accessed 12 Oct. 2026.

Chicago (author-date)

World Bank. 2026. Stocks traded, turnover ratio of domestic shares (%) (CM.MKT.TRNR). EU countries by stock market turnover ratio, 2002. 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/eu-countries?period=2002.

Harvard

World Bank (2026) Stocks traded, turnover ratio of domestic shares (%) (CM.MKT.TRNR), EU countries by stock market turnover ratio, 2002 [Dataset]. Available at: https://data.worldbank.org/indicator/CM.MKT.TRNR, via Invokely: https://invokely.ai/rankings/stock-market-turnover-ratio/eu-countries?period=2002 (Accessed: 12 October 2026).

BibTeX
@misc{world_eu_countries_by_stock_2002,
  author = {{World Bank}},
  title = {{Stocks traded, turnover ratio of domestic shares (\%) (CM.MKT.TRNR): EU countries by stock market turnover ratio, 2002}},
  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/eu-countries?period=2002. 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): EU countries by stock market turnover ratio, 2002
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/eu-countries?period=2002
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/rankings/stock-market-turnover-ratio/eu-countries?period=2002.
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 EU country has the highest stock market turnover ratio?

The Netherlands, with 131.6% in 2002, according to the World Bank.

Which EU country has the lowest stock market turnover ratio?

Luxembourg, with 1.3% in 2002.

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. 1 EU countries have no value for 2002 and are not ranked.

Stock market turnover ratio: other rankings

EU countries: more rankings