Stocks traded as a percentage of market capitalisation reached 2.93 % in 2012 in Latvia, according to OECD. This is 33.6 % less than in the previous year.
Historically, stocks traded as a percentage of market capitalisation in Latvia reached an all time high of 47.8 % in 2000 and an all time low of 1.14 % in 2009. When compared to Latvia's main peers, stocks traded as a percentage of market capitalisation in Estonia amounted to 9.12 %, 4.24 % in Lithuania and 41.2 % in Russia in 2012.
Latvia has been ranked 83rd within the group of 108 countries we follow in terms of stocks traded as a percentage of market capitalisation, 33 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.