Stocks traded as a percentage of market capitalisation reached 5.44 % in 2012 in Macedonia, according to OECD. This is 34.6 % less than in the previous year.
Historically, stocks traded as a percentage of market capitalisation in Macedonia reached an all time high of 1,613 % in 2000 and an all time low of 4.04 % in 2003. When compared to Macedonia's main peers, stocks traded as a percentage of market capitalisation in Bulgaria amounted to 4.85 % and 33.6 % in Greece in 2012.
Macedonia has been ranked 69th within the group of 108 countries we follow in terms of stocks traded as a percentage of market capitalisation, 28 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.