Stocks traded, turnover ratio of domestic shares in Sub-Saharan Africa (excluding high income)
Sub-Saharan Africa (excluding high income): Stocks traded, turnover ratio of domestic shares was 23.7% in 2024. ◆ Volatile
Stocks traded, turnover ratio of domestic shares in Sub-Saharan Africa (excluding high income), 1976–2024
Source: World Federation of Exchanges database, World Federation of Exchanges (WFE). Measured in %.
Analysis
In 2024, stocks traded, turnover ratio of domestic shares in Sub-Saharan Africa (excluding high income) stood at 23.7%.
Compared with earlier readings it is down 0.2% on the previous year and down 3.5% over ten years.
Over the whole period, stocks traded, turnover ratio of domestic shares in Sub-Saharan Africa (excluding high income) peaked at 40.4% in 2018 and was at its lowest, 3.3%, in 1982.
That places Sub-Saharan Africa (excluding high income) 29th out of 46 groups with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Stocks traded, turnover ratio of domestic shares in Sub-Saharan Africa (excluding high income), year by year
| Year | % | Change |
|---|---|---|
| 1976 | 3.8% | — |
| 1977 | 3.5% | -7.8% |
| 1978 | 3.5% | +1.7% |
| 1979 | 4.7% | +33.7% |
| 1980 | 9.3% | +96.6% |
| 1981 | 3.5% | -62.6% |
| 1982 | 3.3% | -4.2% |
| 1983 | 4.1% | +23.9% |
| 1984 | 3.4% | -16.8% |
| 1985 | 4.4% | +27.7% |
| 1986 | 5.1% | +15.2% |
| 1987 | 7.1% | +41.2% |
| 1988 | 3.5% | -51.1% |
| 1989 | 5.1% | +45.7% |
| 1990 | 6.0% | +18.4% |
| 1991 | 4.4% | -27.4% |
| 1992 | 4.4% | +0.9% |
| 1993 | 3.6% | -17.4% |
| 1994 | 5.2% | +41.6% |
| 1995 | 5.6% | +8.5% |
| 1996 | 10.6% | +89.7% |
| 1997 | 17.6% | +65.3% |
| 1998 | 30.0% | +70.6% |
| 1999 | 26.5% | -11.4% |
| 2000 | 34.0% | +28.3% |
| 2001 | 23.6% | -30.8% |
| 2002 | 25.6% | +8.8% |
| 2003 | 18.4% | -28.3% |
| 2004 | 18.6% | +0.9% |
| 2005 | 19.5% | +5.0% |
| 2006 | 23.4% | +19.9% |
| 2007 | 29.6% | +26.6% |
| 2008 | 40.0% | +35.1% |
| 2009 | 25.6% | -36.0% |
| 2010 | 28.3% | +10.7% |
| 2011 | 27.0% | -4.6% |
| 2012 | 24.8% | -8.2% |
| 2013 | 24.5% | -1.4% |
| 2014 | 24.6% | +0.6% |
| 2015 | 29.7% | +20.9% |
| 2016 | 36.2% | +21.6% |
| 2017 | 25.0% | -30.9% |
| 2018 | 40.4% | +61.6% |
| 2019 | 31.3% | -22.4% |
| 2020 | 32.4% | +3.4% |
| 2021 | 26.9% | -17.1% |
| 2022 | 24.3% | -9.7% |
| 2023 | 23.8% | -2.0% |
| 2024 | 23.7% | -0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.9% | 3.5% | 4.7% | 4 |
| 1980s | 4.9% | 3.3% | 9.3% | 10 |
| 1990s | 11.4% | 3.6% | 30.0% | 10 |
| 2000s | 25.8% | 18.4% | 40.0% | 10 |
| 2010s | 29.2% | 24.5% | 40.4% | 10 |
| 2020s | 26.2% | 23.7% | 32.4% | 5 |
Countries ranked near Sub-Saharan Africa (excluding high income)
More financial sector data for Sub-Saharan Africa (excluding high income)
- Net migration -225,499 (2025)
- Monetary Sector credit to private sector 22.9% (2022)
- Total reserves in months of imports 6.46 (2025)
- Broad money 38.6% (2023)
- Domestic credit to private sector by banks 24.7% (2023)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Domestic credit to private sector 29.4% (2022)
- Net migration, annual growth rate 66.97 % change on previous year (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Claims on central government, etc. 12.2% (2022)
Frequently asked questions
- What is stocks traded, turnover ratio of domestic shares in Sub-Saharan Africa (excluding high income)?
- Stocks traded, turnover ratio of domestic shares in Sub-Saharan Africa (excluding high income) was 23.7% in 2024, according to World Federation of Exchanges database, World Federation of Exchanges (WFE).
- What is the highest stocks traded, turnover ratio of domestic shares recorded in Sub-Saharan Africa (excluding high income)?
- The highest recorded value was 40.4% in 2018.
- What is the lowest stocks traded, turnover ratio of domestic shares recorded in Sub-Saharan Africa (excluding high income)?
- The lowest recorded value was 3.3% in 1982.
- How does Sub-Saharan Africa (excluding high income) rank for stocks traded, turnover ratio of domestic shares?
- Sub-Saharan Africa (excluding high income) ranks 29th out of 46 groups with data for 2024.
- Is stocks traded, turnover ratio of domestic shares rising or falling in Sub-Saharan Africa (excluding high income)?
- Over the last ten years it is down 3.5%. The long-run trend across the full record is volatile.
- Where does this Sub-Saharan Africa (excluding high income) data come from?
- The figures come from World Federation of Exchanges database, World Federation of Exchanges (WFE), published as part of Stocks traded, turnover ratio of domestic shares (%). Statizoid updates them automatically from the source API.
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About this data
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.