Stocks traded as a percentage of market capitalisation reached 56.1 % in 2019 in Australia, according to OECD. This is 8.51 % less than in the previous year.
Historically, stocks traded as a percentage of market capitalisation in Australia reached an all time high of 123 % in 2008 and an all time low of 5.15 % in 1979. When compared to Australia's main peers, stocks traded as a percentage of market capitalisation in Indonesia amounted to 22.5 %, 26.9 % in Malaysia and 11.6 % in New Zealand in 2019.
Australia has been ranked 12th within the group of 71 countries we follow in terms of stocks traded as a percentage of market capitalisation, 17 places above the position seen 10 years ago.
Turnover ratio is the total value of shares traded during the period divided by the average market capitalisation for the period.