Spain vs Sub-Saharan Africa: Stocks traded, turnover ratio of domestic shares

Spain
36.6%
in 2024
Sub-Saharan Africa
23.7%
in 2024
Spain rank
27th
Sub-Saharan Africa rank
30th

Stocks traded, turnover ratio of domestic shares over time

  • Spain
  • Sub-Saharan Africa
0100200300197519992024

How they compare

Spain currently reports 36.6% against 23.7% in Sub-Saharan Africa, a difference of 12.9%.

That makes Spain's figure about 1.5 times Sub-Saharan Africa's.

The two have swapped places 2 times across 48 shared years of data; in 1976 it was Spain ahead.

Spain ranks 27th and Sub-Saharan Africa ranks 30th of 97 countries.

Spain has averaged higher in every one of the 6 decades both report.

Head to head by decade

Decade Spain Sub-Saharan Africa Difference Ahead
1970s 8.9% 4.0% 4.8% Spain
1980s 22.4% 4.9% 17.5% Spain
1990s 66.4% 11.4% 55.0% Spain
2000s 152.1% 25.8% 126.2% Spain
2010s 94.9% 29.2% 65.7% Spain
2020s 49.6% 26.2% 23.4% Spain

Averages of every year both report within each decade.

Frequently asked questions

Which has higher stocks traded, turnover ratio of domestic shares, Spain or Sub-Saharan Africa?
Spain, at 36.6% against 23.7% in Sub-Saharan Africa as of 2024.
What is the difference in stocks traded, turnover ratio of domestic shares between Spain and Sub-Saharan Africa?
12.9%, with Spain ahead.
How many years of comparable data are there for Spain and Sub-Saharan Africa?
48 years are reported by both, from 1976 to 2024.
How do Spain and Sub-Saharan Africa rank globally for stocks traded, turnover ratio of domestic shares?
Spain ranks 27th and Sub-Saharan Africa ranks 30th 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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Spain vs Sub-Saharan Africa: Stocks traded, turnover ratio of domestic shares. Statizoid, drawing on World Federation of Exchanges database, World Federation of Exchanges (WFE). Retrieved 18 September 2026, from https://financial-sector.statizoid.com/compare/stocks-traded-turnover-ratio-of-domestic-shares-percent/spain/sub-saharan-africa/

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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.