Stocks traded as a percentage of market capitalisation reached 9.12 % in 2012 in Estonia, according to OECD. This is 27.5 % less than in the previous year.
Historically, stocks traded as a percentage of market capitalisation in Estonia reached an all time high of 114 % in 1998 and an all time low of 9.12 % in 2012. When compared to Estonia's main peers, stocks traded as a percentage of market capitalisation in Finland amounted to 83.5 %, 2.93 % in Latvia, 4.24 % in Lithuania and 41.2 % in Russia in 2012.
Estonia has been ranked 59th within the group of 108 countries we follow in terms of stocks traded as a percentage of market capitalisation, 5 places behind 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.