Japan vs Upper middle income: Stocks traded, turnover ratio of domestic shares

Japan
117.0%
in 2024
Upper middle income
224.6%
in 2024
Japan rank
7th
Upper middle income rank
4th

Stocks traded, turnover ratio of domestic shares over time

  • Japan
  • Upper middle income
0200400600197519992024

How they compare

Upper middle income currently reports 224.6% against 117.0% in Japan, a difference of 107.6%.

That makes Upper middle income's figure about 1.9 times Japan's.

The two have swapped places 9 times across 49 shared years of data; in 1976 it was Japan ahead.

Japan ranks 7th and Upper middle income ranks 4th of 97 countries.

Across the 6 decades both report, Japan averaged higher in 4 and Upper middle income in 2.

Head to head by decade

Decade Japan Upper middle income Difference Ahead
1970s 288.4% 6.9% 281.4% Japan
1980s 56.5% 10.0% 46.6% Japan
1990s 38.5% 31.2% 7.3% Japan
2000s 109.6% 68.8% 40.8% Japan
2010s 109.5% 149.1% 39.5% Upper middle income
2020s 104.1% 203.7% 99.5% Upper middle income

Averages of every year both report within each decade.

Frequently asked questions

Which has higher stocks traded, turnover ratio of domestic shares, Japan or Upper middle income?
Upper middle income, at 224.6% against 117.0% in Japan as of 2024.
What is the difference in stocks traded, turnover ratio of domestic shares between Japan and Upper middle income?
107.6%, with Upper middle income ahead.
How many years of comparable data are there for Japan and Upper middle income?
49 years are reported by both, from 1976 to 2024.
How do Japan and Upper middle income rank globally for stocks traded, turnover ratio of domestic shares?
Japan ranks 7th and Upper middle income ranks 4th of 97 countries.
Where does this data come from?
World Federation of Exchanges database, World Federation of Exchanges (WFE), published as Stocks traded, turnover ratio of domestic shares (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Japan vs Upper middle income: Stocks traded, turnover ratio of domestic shares. Statizoid, drawing on World Federation of Exchanges database, World Federation of Exchanges (WFE). Retrieved 17 September 2026, from https://financial-sector.statizoid.com/compare/stocks-traded-turnover-ratio-of-domestic-shares-percent/japan/upper-middle-income/

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About this data

Indicator
Stocks traded, turnover ratio of domestic shares (%)
Unit
%
Source
World Federation of Exchanges database, World Federation of Exchanges (WFE)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
144 places, 4,292 data points, 1975–2024
Last refreshed

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.