Global Equity Turnover Ratio
Annual Value Traded ÷ Market Cap — Liquidity Relative to Market Size
106.1%
▲ 14.70% YoYJan 2025
All-Time High
258.7%
All-Time Low
25.9%
Data Since
1975
Source: World Bank (CM.MKT.TRAD.CD / CM.MKT.LCAP.CD)Shaded = NBER recessions
Global equity turnover ratio: total annual value traded divided by total market capitalization, expressed as a percentage (World Bank). A measure of how liquid the market is relative to its size. Higher values mean more of the market "turns over" each year. The ratio has declined from ~100% in the early 2000s, indicating that market size has grown faster than trading activity — consistent with concerns about thin relative liquidity.