* indicates monthly or quarterly data series

Stock market value traded w/o top 10 firms, % of total value traded, 2020:

The average for 2020 based on 7 countries was 46.56 percent. The highest value was in Turkey: 68.82 percent and the lowest value was in Greece: 20.81 percent. The indicator is available from 1998 to 2020. Below is a chart for all countries where data are available.

Measure: percent; Source: The World Federation of Exchanges
Select indicator
* indicates monthly or quarterly data series


Countries Stock market activity for smaller firms, 2020 Global rank Available data
Turkey 68.82 1 1998 - 2020
Cyprus 67.33 2 2004 - 2020
Germany 65.54 3 1998 - 2020
Poland 39.07 4 1998 - 2020
Spain 35.79 5 1998 - 2020
Croatia 28.56 6 2018 - 2020
Greece 20.81 7 1998 - 2020



Definition: Value of all traded shares outside of the top ten largest traded companies as a share of total value of all traded shares in a stock market exchange. WFE provides data on the exchange level. This variable is aggregated up to the country level by taking a simple average over exchanges.

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