Ranking
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Ratio of the value of total shares traded to average real market capitalization, the denominator is deflated using the following method: Tt/P_at/{(0.5)*[Mt/P_et + Mt-1/P_et-1] where T is total value traded, M is stock market capitalization, P_e is end-of period CPI. (IFS line 64M..ZF or, if not available, 64Q..ZF) and annual CPI (IFS line 64..ZF) are from the IMF’s International Financial Statistics.
As of 2020, Türkiye ranks first with 365.77%, followed by China (258.55%) and South Korea (238.52%).
Across 62 countries and territories, values run from 365.77% (Türkiye) to 0.09% (Luxembourg), with a median of 14.95%.
By region, the top 10 is made up of 6 from Asia, 2 from Europe, 1 from the Americas and 1 from Oceania.
Source: World Bank Open Data — Stock market turnover ratio (%), 2020. Unit: %.
Source: World Bank Open Data — Stock market turnover ratio (%) · CC BY 4.0 · fetched Oct 17, 2026