Stock Market Turnover Ratio

Oceania Ranking

Source: IMF

Current Rank	Country	Value	Latest Reading	Previous Rank	Previous Value

1	Australia	71.27	2020	1	56.08
2	New Zealand	16.79	2020	2	11.56
3	Papua New Guinea	0.05	2017	3	3.89

Definition of Stock Market Turnover Ratio

Turnover ratio is the value of domestic shares traded divided by their market capitalization. The value is annualized by multiplying the monthly average by 12.