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

Key figures

Over five years it is up 1.11 percentage points from 1.07% in 2019. Since 1993 it is down 16.16 percentage points from 18.33% in 1993. The World Bank has no value for 7 of the years in between; the chart leaves those gaps open rather than joining across them.

What the numbers say

In 2024, Bulgaria's stocks traded, turnover ratio of domestic shares (%) fell 0.68 percentage points on 2023 (from 2.85% to 2.17%).

Across the 21 yearly changes before that (1994 to 2023), the average change was +2.8 percentage points and a typical year strayed about 49.14 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 165.81 percentage points in 1996 and the biggest yearly fall was 95.58 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

In 2024, Bulgaria had the 51st highest value of the 60 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Bulgaria in the 2024 ranking

• Mauritius — 48th of 60: 2.78%
• Kenya — 49th of 60: 2.73%
• Panama — 50th of 60: 2.31%
• Cyprus — 52nd of 60: 1.4%
• Malta — 53rd of 60: 1.25%
• Ghana — 54th of 60: 1.04%

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 25 values

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

• Austria — 25.01% (2024)
• Croatia — 1.02% (2024)
• Cyprus — 1.4% (2024)
• Czechia — 10.43% (2024)
• France — 63.61% (2015)
• Germany — 45.2% (2024)
• Greece — 37.58% (2024)
• Hungary — 17.75% (2024)
• Ireland — 29.13% (2018)
• Kazakhstan

More financial sector data for Bulgaria

• Official exchange rate (LCU per US$, period average) — US$1.74 (2025)
• DEC alternative conversion factor (LCU per US$) — US$0.89 (2025)
• GDP deflator (base year varies by country) — 154.2 (2025)
• Inflation, GDP deflator (annual % growth) — 7.41% (2025)
• Consumer price index (2010 = 100) — 162.5 (2025)
• Inflation, consumer prices (annual % growth) — 4.58% (2025)
• Inflation, GDP deflator, linked series (annual % growth) — 7.41% (2025)
• GDP deflator, linked series (base year varies by country) — 154.2 (2025)
• Domestic credit to private sector by banks (% of GDP) — 47.03% (2024)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

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

2.17% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1993?

It is down 16.16 percentage points from 18.33% in 1993. The highest value was 173.04% in 1996 and the lowest 1.07% in 2019.

How does Bulgaria rank?

51st highest of 60 economies with data for 2024.

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

In 2024, Bulgaria's stocks traded, turnover ratio of domestic shares (%) fell 0.68 percentage points on 2023 (from 2.85% to 2.17%). Across the 21 yearly changes before that (1994 to 2023), the average change was +2.8 percentage points and a typical year strayed about 49.14 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

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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