Stock price volatility in Germany

Germany: Stock price volatility was 24.38 in 2021. ▲ Rising

Latest (2021)
24.38
Change on year
down 0.4%
World rank
18th
of 86 countries
All-time high
38.05
in 2003
All-time low
11.74
in 1996
Years of data
34
1988–2021

Stock price volatility in Germany, 1988–2021

102030401988200420211988: 19.11989: 16.31990: 22.21991: 241992: 171993: 13.21994: 141995: 13.71996: 11.71997: 14.91998: 23.31999: 26.72000: 22.62001: 232002: 292003: 38.12004: 25.22005: 14.12006: 13.62007: 15.52008: 22.12009: 36.12010: 26.72011: 20.42012: 26.62013: 18.52014: 14.52015: 18.32016: 23.42017: 16.82018: 12.52019: 14.92020: 24.52021: 24.4

Source: Bloomberg.

Analysis

Germany recorded 24.38 for stock price volatility in 2021.

That represents a change of down 0.4% on the previous year and up 19.2% over ten years.

Over the whole period, stock price volatility in Germany peaked at 38.05 in 2003 and was at its lowest, 11.74, in 1996.

Germany ranks 18th of 86 countries on this measure, in the top quarter.

The long-run direction has been consistently rising across the 34 years of available data.

Stock price volatility in Germany, year by year

Annual values for Stock price volatility in Germany, 1988 to 2021.
Year Value Change
1988 19.11
1989 16.26 -14.9%
1990 22.19 +36.4%
1991 23.96 +8.0%
1992 16.97 -29.2%
1993 13.2 -22.2%
1994 13.97 +5.9%
1995 13.71 -1.9%
1996 11.74 -14.4%
1997 14.85 +26.5%
1998 23.29 +56.8%
1999 26.73 +14.8%
2000 22.59 -15.5%
2001 22.99 +1.8%
2002 28.96 +26.0%
2003 38.05 +31.4%
2004 25.25 -33.7%
2005 14.13 -44.0%
2006 13.63 -3.5%
2007 15.46 +13.4%
2008 22.06 +42.7%
2009 36.13 +63.7%
2010 26.74 -26.0%
2011 20.45 -23.5%
2012 26.59 +30.1%
2013 18.53 -30.3%
2014 14.45 -22.0%
2015 18.34 +26.9%
2016 23.43 +27.7%
2017 16.8 -28.3%
2018 12.5 -25.6%
2019 14.94 +19.6%
2020 24.48 +63.8%
2021 24.38 -0.4%

Germany compared with similar countries

  • Germany's 24.38 is above the median for high income countries, which is 20.18, 1.2× the median. (49 countries reporting)
  • Germany's 24.38 is above the median for Europe & Central Asia, which is 20.73, 1.2× the median. (36 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1980s 17.69 16.26 19.11 2
1990s 18.06 11.74 26.73 10
2000s 23.92 13.63 38.05 10
2010s 19.28 12.5 26.74 10
2020s 24.43 24.38 24.48 2

Countries ranked near Germany

  1. 15 Ireland 24.79 compare
  2. 16 Turkey 24.64 compare
  3. 17 France 24.62 compare
  4. 19 Hungary 23.69 compare
  5. 20 South Africa 23.37 compare
  6. 21 Portugal 23.25 compare

See the full ranking of 86 places →

More financial sector data for Germany

All data for Germany →

Frequently asked questions

What is stock price volatility in Germany?
Stock price volatility in Germany was 24.38 in 2021, according to Bloomberg.
What is the highest stock price volatility recorded in Germany?
The highest recorded value was 38.05 in 2003.
What is the lowest stock price volatility recorded in Germany?
The lowest recorded value was 11.74 in 1996.
How does Germany rank for stock price volatility?
Germany ranks 18th out of 86 countries with data for 2021.
Is stock price volatility rising or falling in Germany?
Over the last ten years it is up 19.2%. The long-run trend across the full record is rising.
Where does this Germany data come from?
The figures come from Bloomberg, published as part of Stock price volatility. Statizoid updates them automatically from the source API.

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Stock price volatility in Germany. Statizoid, drawing on Bloomberg. Retrieved 22 September 2026, from https://financial-sector.statizoid.com/stat/stock-price-volatility/germany/

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About this data

Indicator
Stock price volatility
Source
Bloomberg
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
86 places, 2,347 data points, 1984–2021
Last refreshed

Stock price volatility is the average of the 360-day volatility of the national stock market index.