Stocks traded as a percentage of market capitalisation reached 11.3 % in 2018 in Philippines, according to OECD. This is 2.74 % less than in the previous year.
Historically, stocks traded as a percentage of market capitalisation in Philippines reached an all time high of 64.9 % in 1997 and an all time low of 10.5 % in 2003. When compared to Philippines's main peers, stocks traded as a percentage of market capitalisation in China amounted to 207 %, 21.5 % in Indonesia and 36.7 % in Vietnam in 2018.
Philippines has been ranked 38th within the group of 53 countries we follow in terms of stocks traded as a percentage of market capitalisation, 19 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.