Philippines: Financial markets development, efficiency

The latest value from 2021 is 0.148 index points, unchanged from 0.148 index points in 2020. In comparison, the world average is 0.325 index points, based on data from 93 countries. Historically, the average for the Philippines from 1980 to 2021 is 0.273 index points. The minimum value, 0.13 index points, was reached in 2003 while the maximum of 0.801 index points was recorded in 1997. See the global rankings or world map 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.