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

Key figures

What the numbers say

In 2019, Singapore's stocks traded, turnover ratio of domestic shares (%) fell 15.56 percentage points on 2018 (from 31.94% to 16.38%).

Across the 30 yearly changes before that (1989 to 2018), the average change was +0.42 percentage points and a typical year strayed about 15.75 percentage points from that (the standard deviation). This year's change was 1.0 standard deviations below 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 30.83 percentage points in 1997 and the biggest yearly fall was 42.75 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 2010 to 2019 the straight-line trend is downward, about 2.54 percentage points a year. A straight line explains 72% 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.

Closest to Singapore in the 2019 ranking

• Norway — 1st of 3: 34.41%
• Côte d'Ivoire — 3rd of 3: 1.86%

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 41 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)
• Indonesia — 18.54% (2023)
• 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

More financial sector data for Singapore

• Consumer price index (2010 = 100) — 134.36 (2025)
• GDP deflator (base year varies by country) — 132.95 (2025)
• DEC alternative conversion factor (LCU per US$) — US$1.31 (2025)
• Official exchange rate (LCU per US$, period average) — US$1.31 (2025)
• Inflation, consumer prices (annual % growth) — 0.9% (2025)
• Inflation, GDP deflator (annual % growth) — -1.8% (2025)
• Domestic credit to private sector by banks (% of GDP) — 128.43% (2020)
• Net domestic credit (current LCU) — 701.01 billion (2020)
• Net foreign assets (current LCU) — 407.83 billion (2020)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

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

16.38% in 2019, according to the World Bank (World Development Indicators).

How has it changed since 1979?

It is up 8.57 percentage points from 7.81% in 1979. The highest value was 95.49% in 2008 and the lowest 7.81% in 1979.

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

In 2019, Singapore's stocks traded, turnover ratio of domestic shares (%) fell 15.56 percentage points on 2018 (from 31.94% to 16.38%). Across the 30 yearly changes before that (1989 to 2018), the average change was +0.42 percentage points and a typical year strayed about 15.75 percentage points from that (the standard deviation). This year's change was 1.0 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: World Federation of Exchanges database, World Federation of Exchanges (WFE).

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.

Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.