Stocks traded as a percentage of market capitalisation reached 188 % in 2019 in Turkey, according to OECD. This is 24.1 % less than in the previous year.
Historically, stocks traded as a percentage of market capitalisation in Turkey reached an all time high of 248 % in 2018 and an all time low of 20.2 % in 1989. When compared to Turkey's main peers, stocks traded as a percentage of market capitalisation in Bulgaria amounted to 1.07 %, 28.8 % in Greece and 25.3 % in Iran in 2019.
Turkey has been ranked 2nd within the group of 71 countries we follow in terms of stocks traded as a percentage of market capitalisation, 6 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.