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

Key figures

Over five years it is down 2.85 percentage points from 3.76% in 2019. Since 1994 it is down 5.31 percentage points from 6.21% in 1994. The World Bank has no value for 6 of the years in between; the chart leaves those gaps open rather than joining across them.

What the numbers say

In 2024, Namibia's stocks traded, turnover ratio of domestic shares (%) fell 0.28 percentage points on 2023 (from 1.19% to 0.91%).

Across the 22 yearly changes before that (1995 to 2023), the average change was +49.99 percentage points and a typical year strayed about 379.19 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 1,641.17 percentage points in 2010 and the biggest yearly fall was 614.32 percentage points in 2011. 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, Namibia had the 56th 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 Namibia in the 2024 ranking

• Malta — 53rd of 60: 1.25%
• Ghana — 54th of 60: 1.04%
• Croatia — 55th of 60: 1.02%
• Kazakhstan — 57th of 60: 0.73%
• Bermuda — 58th of 60: 0.58%
• Zambia — 59th of 60: 0.19%

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

• Botswana — 8.4% (2023)
• Côte d'Ivoire — 1.86% (2019)
• Ghana — 1.04% (2024)
• Kenya — 2.73% (2024)
• Mauritius — 2.78% (2024)
• Nigeria — 2.84% (2024)
• South Africa — 25.78% (2024)
• Zambia — 0.19% (2024)

More financial sector data for Namibia

• DEC alternative conversion factor (LCU per US$) — US$17.89 (2025)
• Official exchange rate (LCU per US$, period average) — US$17.89 (2025)
• GDP deflator (base year varies by country) — 168.48 (2025)
• Inflation, GDP deflator (annual % growth) — 6.06% (2025)
• Domestic credit to private sector by banks (% of GDP) — 46.13% (2025)
• Net domestic credit (current LCU) — 179.55 billion (2025)
• Net foreign assets (current LCU) — 74.34 billion (2025)
• Monetary sector credit to private sector (% of GDP) — 46.21% (2025)
• Claims on central government, etc. (% of GDP) — 18.15% (2025)

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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Questions people ask

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

0.91% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1994?

It is down 5.31 percentage points from 6.21% in 1994. The highest value was 1,722% in 2010 and the lowest 0.91% in 2024.

How does Namibia rank?

56th highest of 60 economies with data for 2024.

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

In 2024, Namibia's stocks traded, turnover ratio of domestic shares (%) fell 0.28 percentage points on 2023 (from 1.19% to 0.91%). Across the 22 yearly changes before that (1995 to 2023), the average change was +49.99 percentage points and a typical year strayed about 379.19 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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