Stocks traded as a percentage of market capitalisation reached 28.3 % in 2012 in Iceland, according to OECD. This is 0.079 % less than in the previous year.
Historically, stocks traded as a percentage of market capitalisation in Iceland reached an all time high of 127 % in 2007 and an all time low of 7.17 % in 1998. When compared to Iceland's main peers, stocks traded as a percentage of market capitalisation in Denmark amounted to 52.2 %, 49.3 % in Norway, 73.0 % in Sweden and 84.0 % in United Kingdom in 2012.
Iceland has been ranked 36th within the group of 108 countries we follow in terms of stocks traded as a percentage of market capitalisation, 15 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.