Which Stock Market is the Most Liquid?

Stocks Traded, Turnover Ratio (As % of Market Capitalisation) (%), 2016 or latest
Investments & Pensions | February 22, 2018
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Based on a comparison of 59 countries in 2016, Italy ranked the highest in stocks traded as a percentage of market capitalisation with 350% followed by China and Turkey. On the other end of the scale was Luxembourg with 0.133%, Cayman Islands with 0.158% and Bahrain with 1.80%.

Average stocks traded as a percentage of market capitalisation reached 132% in 2016 in the World according to OECD. This is 23.2 % less than in the previous year and 14.9 % more than 10 years ago.

Historically, average stocks traded as a percentage of market capitalisation reached an all time high of 250% in 2008 and an all time low of 25.6% in 1976. The average annual growth amounted to 4.19 % since 1975.

Data for more countries are available at Stocks Traded, Turnover Ratio (As % of Market Capitalisation) indicator page.