Papua New Guinea: Stock market turnover ratio

The latest value from 2017 is 0.05 percent, a decline from 3.89 percent in 2016. In comparison, the world average is 32.84 percent, based on data from 58 countries. Historically, the average for Papua New Guinea from 2003 to 2017 is 0.75 percent. The minimum value, 0.05 percent, was reached in 2017 while the maximum of 3.89 percent was recorded in 2016. See the global rankings for that indicator or use the country comparator to compare trends over time.

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