Montenegro: Stock market turnover ratio

* indicates monthly or quarterly data series
 Montenegro

Stock market turnover ratio

 Latest value 1.15
 Year 2012
 Measure percent
 Data availability 2008 - 2012
 Average 1.78
 Min - Max 1.15 - 2.40
 Source The World Bank
For that indicator, we provide data for Montenegro from 2008 to 2012. The average value for Montenegro during that period was 1.78 percent with a minimum of 1.15 percent in 2012 and a maximum of 2.4 percent in 2008. The latest value from 2012 is 1.15 percent. For comparison, the world average in 2012 based on 56 countries is 42.71 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent values chart
Montenegro - Stock market turnover ratio - Recent values chart




The stock market turnover ratio in Montenegro equals "the value of all stock market trades / the market value of all listed companies." It reflects how active the stock market of Montenegro 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.

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 Related indicators Latest value Reference Measure
 Stock market capitalization, percent of GDP 92.65 2012 percent
 Stock market capitalization, in dollars 3.79 2012 billion U.S. dollars
 Stock market turnover ratio 1.15 2012 percent
 Listed companies 112 2012 companies
 Stock market value traded 1.06 2012 percent
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