Stocks traded as a percentage of market capitalisation reached 1.68 % in 2018 in Cyprus, according to OECD. This is 31.3 % less than in the previous year.
Historically, stocks traded as a percentage of market capitalisation in Cyprus reached an all time high of 164 % in 2000 and an all time low of 1.40 % in 2014. When compared to Cyprus's main peers, stocks traded as a percentage of market capitalisation in Egypt amounted to 34.5 %, 31.0 % in Greece, 33.3 % in Israel and 248 % in Turkey in 2018.
Cyprus has been ranked 51st within the group of 53 countries we follow in terms of stocks traded as a percentage of market capitalisation, 8 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.