Stocks traded as a percentage of market capitalisation reached 14.1 % in 2018 in New Zealand, according to OECD. This is 14.6 % more than in the previous year.
Historically, stocks traded as a percentage of market capitalisation in New Zealand reached an all time high of 53.6 % in 2000 and an all time low of 4.40 % in 2010. When compared to New Zealand's main peers, stocks traded as a percentage of market capitalisation in Australia amounted to 61.3 %, 21.5 % in Indonesia, 34.0 % in Malaysia and 11.3 % in Philippines in 2018.
New Zealand has been ranked 35th within the group of 53 countries we follow in terms of stocks traded as a percentage of market capitalisation, 31 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.