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

Key figures

What the numbers say

In 2023, Indonesia's stocks traded, turnover ratio of domestic shares (%) fell 13.39 percentage points on 2022 (from 31.93% to 18.54%).

Across the 27 yearly changes before that (1996 to 2022), the average change was +0.38 percentage points and a typical year strayed about 15.72 percentage points from that (the standard deviation). This year's change was 0.9 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 40.07 percentage points in 1997 and the biggest yearly fall was 36.76 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 2014 to 2023 there is no clear straight-line trend: a straight line explains 22% 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

See how every economy compares in the full ranking.

Closest to Indonesia in the 2023 ranking

• Russian Federation — 1st of 3: 32.96%
• Botswana — 3rd of 3: 8.4%

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 29 values

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

• Australia — 48.66% (2024)
• China — 296.65% (2024)
• Hong Kong SAR, China — 65.86% (2024)
• Japan — 117.02% (2024)
• Korea, Rep. — 200.76% (2024)
• Malaysia — 36.92% (2024)
• New Zealand — 13.55% (2024)
• Papua New Guinea — 0.05% (2017)
• Philippines — 8.66% (2024)
• Singapore

More financial sector data for Indonesia

• Consumer price index (2010 = 100) — 176.05 (2025)
• Inflation, consumer prices (annual % growth) — 1.91% (2025)
• GDP deflator (base year varies by country) — 175.41 (2025)
• Inflation, GDP deflator (annual % growth) — 2.37% (2025)
• DEC alternative conversion factor (LCU per US$) — US$16,478 (2025)
• Official exchange rate (LCU per US$, period average) — US$16,478 (2025)
• Net foreign assets (current LCU) — 2,159.04 trillion (2025)
• Net domestic credit (current LCU) — 11,424.3 trillion (2025)
• Broad money (current LCU) — 10,134.7 trillion (2025)
• Broad money (% of GDP)

Reading data like this

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Questions people ask

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

18.54% in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1995?

It is down 3.05 percentage points from 21.59% in 1995. The highest value was 76.8% in 2008 and the lowest 17.77% in 2017.

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

In 2023, Indonesia's stocks traded, turnover ratio of domestic shares (%) fell 13.39 percentage points on 2022 (from 31.93% to 18.54%). Across the 27 yearly changes before that (1996 to 2022), the average change was +0.38 percentage points and a typical year strayed about 15.72 percentage points from that (the standard deviation). This year's change was 0.9 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Where does this data come from?

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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