Serbia: Stock market turnover ratio

The latest value from 2011 is 9.43 percent, an increase from 7.55 percent in 2010. In comparison, the world average is 58.08 percent, based on data from 78 countries. Historically, the average for Serbia from 2003 to 2011 is 12.52 percent. The minimum value, 4.76 percent, was reached in 2009 while the maximum of 39.37 percent was recorded in 2003. See the global rankings for that indicator or use the country comparator to compare trends over time.

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