Stocks traded as a percentage of market capitalisation reached 0.576 % in 2011 in Papua New Guinea, according to OECD. This is 138 % more than in the previous year.
Historically, stocks traded as a percentage of market capitalisation in Papua New Guinea reached an all time high of 0.582 % in 2008 and an all time low of 0.080 % in 2003. When compared to Papua New Guinea's main peers, stocks traded as a percentage of market capitalisation in Australia amounted to 94.2 %, 27.0 % in Indonesia, 8.76 % in New Zealand and 16.6 % in Philippines in 2011.
Papua New Guinea has been ranked 102nd within the group of 109 countries we follow in terms of stocks traded as a percentage of market capitalisation.
Turnover ratio is the total value of shares traded during the period divided by the average market capitalisation for the period.