Latin America & Caribbean (IDA & IBRD): Stocks traded, turnover ratio of domestic shares (%)

Key figures

What the numbers say

In 2024, Latin America & Caribbean (IDA & IBRD)'s stocks traded, turnover ratio of domestic shares (%) rose 26.41 percentage points on 2023 (from 64.96% to 91.37%).

Across the 30 yearly changes before that (1994 to 2023), the average change was +0.91 percentage points and a typical year strayed about 15.72 percentage points from that (the standard deviation). This year's change was 1.6 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 88.87 percentage points in 1979 and the biggest yearly fall was 98.04 percentage points in 1982. 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 the straight-line trend is upward, about 5.66 percentage points a year. A straight line explains 58% of the movement over 10 observed 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.

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

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

• Bahrain — 3.93% (2024)
• Egypt, Arab Rep. — 47.65% (2024)
• Iran, Islamic Rep. — 10.97% (2024)
• Israel — 14.04% (2024)
• Jordan — 6.06% (2024)
• Kuwait — 32.79% (2024)
• Lebanon — 3.34% (2021)
• Malta — 1.25% (2024)
• Morocco — 8.08% (2024)
• Oman

More financial sector data for Latin America & Caribbean (IDA & IBRD)

• Domestic credit to private sector by banks (% of GDP) — 48.48% (2025)
• Broad money (% of GDP) — 72.6% (2025)
• Inflation, consumer prices (annual % growth) — 2.31% (2025)
• Inflation, GDP deflator (annual % growth) — 4.33% (2025)
• Monetary sector credit to private sector (% of GDP) — 48.58% (2025)
• Claims on central government, etc. (% of GDP) — 34.5% (2025)
• Domestic credit to private sector (% of GDP) — 52.89% (2025)
• Stocks traded, total value (current US$)

Reading data like this

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Questions people ask

What is Latin America & Caribbean (IDA & IBRD)'s stocks traded, turnover ratio of domestic shares (%)?

91.37% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1978?

It is up 71.76 percentage points from 19.61% in 1978. The highest value was 133.99% in 1981 and the lowest 18.19% in 1999.

Is the latest change in stocks traded, turnover ratio of domestic shares (%) unusual for Latin America & Caribbean (IDA & IBRD)?

In 2024, Latin America & Caribbean (IDA & IBRD)'s stocks traded, turnover ratio of domestic shares (%) rose 26.41 percentage points on 2023 (from 64.96% to 91.37%). Across the 30 yearly changes before that (1994 to 2023), the average change was +0.91 percentage points and a typical year strayed about 15.72 percentage points from that (the standard deviation). This year's change was 1.6 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

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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