Botswana: Stocks traded, turnover ratio of domestic shares (%)

Key figures

Over five years it is up 4.48 percentage points from 3.93% in 2018. Since 1994 it is down 2.9 percentage points from 11.31% in 1994. The World Bank has no value for 18 of the years in between; the chart leaves those gaps open rather than joining across them.

What the numbers say

In 2023, Botswana's stocks traded, turnover ratio of domestic shares (%) rose 8.12 percentage points on 2022 (from 0.29% to 8.4%).

Across the 9 yearly changes before that (1995 to 2022), the average change was −1.27 percentage points and a typical year strayed about 2.7 percentage points from that (the standard deviation). This year's change was 3.5 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 8.12 percentage points in 2023 and the biggest yearly fall was 5.66 percentage points in 1999. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

See how every economy compares in the full ranking.

Closest to Botswana in the 2023 ranking

• Russian Federation — 1st of 3: 32.96%
• Indonesia — 2nd of 3: 18.54%

What this measures

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.

Limitations: Data cover measures of size (market capitalization, number of listed domestic companies) and liquidity (value of shares traded as a percentage of gross domestic product, value of shares traded as a percentage of market capitalization). The comparability of such data across countries may be limited by conceptual and statistical weaknesses, such as inaccurate reporting and differences in accounting standards. Only domestic shares are used in order to be consistent with domestic market capitalization.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 12 values

Stocks traded, turnover ratio of domestic shares (%) in nearby economies

• Côte d'Ivoire — 1.86% (2019)
• Ghana — 1.04% (2024)
• Kenya — 2.73% (2024)
• Mauritius — 2.78% (2024)
• Namibia — 0.91% (2024)
• Nigeria — 2.84% (2024)
• South Africa — 25.78% (2024)
• Zambia — 0.19% (2024)

More financial sector data for Botswana

• GDP deflator (base year varies by country) — 136.44 (2025)
• DEC alternative conversion factor (LCU per US$) — US$13.5 (2025)
• Official exchange rate (LCU per US$, period average) — US$13.5 (2025)
• Inflation, GDP deflator (annual % growth) — 3.63% (2025)
• Domestic credit to private sector by banks (% of GDP) — 33.12% (2025)
• Monetary sector credit to private sector (% of GDP) — 33.23% (2025)
• Domestic credit to private sector (% of GDP) — 33.23% (2025)
• Consumer price index (2010 = 100) — 202.64 (2025)
• Inflation, consumer prices (annual % growth) — 2.66% (2025)

Reading data like this

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Questions people ask

What is Botswana's stocks traded, turnover ratio of domestic shares (%)?

8.4% in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1994?

It is down 2.9 percentage points from 11.31% in 1994. The highest value was 11.31% in 1994 and the lowest 0.29% in 2022.

Is the latest change in stocks traded, turnover ratio of domestic shares (%) unusual for Botswana?

In 2023, Botswana's stocks traded, turnover ratio of domestic shares (%) rose 8.12 percentage points on 2022 (from 0.29% to 8.4%). Across the 9 yearly changes before that (1995 to 2022), the average change was −1.27 percentage points and a typical year strayed about 2.7 percentage points from that (the standard deviation). This year's change was 3.5 standard deviations above that average, so it was unusually large compared with the rest of the record.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: World Federation of Exchanges database, World Federation of Exchanges (WFE).

Source

World Bank, World Development Indicators, indicator CM.MKT.TRNR, licensed CC BY 4.0. Original source: World Federation of Exchanges database, World Federation of Exchanges (WFE) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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