Canada's stocks traded, turnover ratio of domestic shares (%) was 63.71% in 2024, the latest year in the World Bank's World Development Indicators. That is down 0.44 percentage points from 64.15% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 63.71% | 2024 |
| Five years earlier | 59.46% | 2019 |
| Ten years earlier | 64.15% | 2014 |
| Highest | 145.4% | 2008 |
| Lowest | 3.83% | 1977 |
| Average since 2015 | 66.14% | 2015–2024 |
| First recorded | 3.83% | 1977 |
What the numbers say
In 2024, Canada's stocks traded, turnover ratio of domestic shares (%) fell 1.47 percentage points on 2023 (from 65.18% to 63.71%).
Across the 30 yearly changes before that (1994 to 2023), the average change was +1.43 percentage points and a typical year strayed about 22.17 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 65.59 percentage points in 2008 and the biggest yearly fall was 65.94 percentage points in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 11% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Canada had the 12th 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.
| Value | Year | |
|---|---|---|
| Canada | 63.71% | 2024 |
| World | 94.15% | 2024 |
| North America | 68.24% | 2024 |
| High income | 71.15% | 2024 |
Closest to Canada in the 2024 ranking
- United States — 8th of 60: 68.5%
- Hong Kong SAR, China — 9th of 60: 65.86%
- India — 10th of 60: 65.23%
- Thailand — 12th of 60: 58.09%
- Australia — 13th of 60: 48.66%
- Egypt, Arab Rep. — 14th of 60: 47.65%
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 47 values
| Year | Stocks traded, turnover ratio of domestic shares (%) |
|---|---|
| 2024 | 63.71 |
| 2023 | 65.18 |
| 2022 | 81.47 |
| 2021 | 66.31 |
| 2020 | 73.98 |
| 2019 | 59.46 |
| 2018 | 70.88 |
| 2017 | 54.08 |
| 2016 | 57.55 |
| 2015 | 68.8 |
| 2014 |
Stocks traded, turnover ratio of domestic shares (%) in nearby economies
- Bermuda — 0.58% (2024)
- United States — 68.5% (2024)
More financial sector data for Canada
- Consumer price index (2010 = 100) — 140.97 (2025)
- Inflation, consumer prices (annual % growth) — 2.07% (2025)
- GDP deflator (base year varies by country) — 124.4 (2025)
- DEC alternative conversion factor (LCU per US$) — US$1.4 (2025)
- Official exchange rate (LCU per US$, period average) — US$1.4 (2025)
- Inflation, GDP deflator (annual % growth) — 2.55% (2025)
- Lending interest rate (%) — 2.7% (2017)
- Risk premium on lending (lending rate minus treasury bill rate, %) — 2.18% (2017)
- Real interest rate (%) — 0.13% (2017)
- Listed domestic companies, total
Reading data like this
Questions people ask
- What is Canada's stocks traded, turnover ratio of domestic shares (%)?
- 63.71% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1977?
- It is up 59.88 percentage points from 3.83% in 1977. The highest value was 145.4% in 2008 and the lowest 3.83% in 1977.
- How does Canada rank?
- 12th highest of 60 economies with data for 2024.
- Is the latest change in stocks traded, turnover ratio of domestic shares (%) unusual for Canada?
- In 2024, Canada's stocks traded, turnover ratio of domestic shares (%) fell 1.47 percentage points on 2023 (from 65.18% to 63.71%). Across the 30 yearly changes before that (1994 to 2023), the average change was +1.43 percentage points and a typical year strayed about 22.17 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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