Australia: Financial markets development, efficiency

The latest value from 2021 is 0.88 index points, unchanged from 0.88 index points in 2020. In comparison, the world average is 0.325 index points, based on data from 93 countries. Historically, the average for Australia from 1980 to 2021 is 0.623 index points. The minimum value, 0.102 index points, was reached in 1980 while the maximum of 1 index points was recorded in 2007. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Measures the efficiency of financial markets using the following variable: Stock market turnover ratio (stocks traded to capitalization). See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.