For that indicator, The World Bank provides data for Belgium from 1975 to 2014. The average value for Belgium during that period was 22.88 percent with a minumum of 5.78 percent in 1978 and a maximum of 114.05 percent in 2008.
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The stock market turnover ratio in Belgium equals "the value of all stock market trades / the market value of all listed companies." It reflects how active the stock market of Belgium is. A country may have many listed companies but few active trades. Conversely, there may be few listed companies but many trades.
Definition: 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.