Stocks traded, turnover ratio of domestic shares in Sub-Saharan Africa
Sub-Saharan Africa: Stocks traded, turnover ratio of domestic shares was 23.7% in 2024. ◆ Volatile
Stocks traded, turnover ratio of domestic shares in Sub-Saharan Africa, 1976–2024
Source: World Federation of Exchanges database, World Federation of Exchanges (WFE). Measured in %.
Analysis
The most recent figure for stocks traded, turnover ratio of domestic shares in Sub-Saharan Africa is 23.7%, measured in 2024.
The figure is down 0.2% on the previous year and down 3.6% over ten years.
Over the whole period, stocks traded, turnover ratio of domestic shares in Sub-Saharan Africa peaked at 40.4% in 2018 and was at its lowest, 3.3%, in 1982.
That places Sub-Saharan Africa 30th 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, 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 | 26.8% | -17.1% |
| 2022 | 24.2% | -9.7% |
| 2023 | 23.8% | -1.9% |
| 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
More financial sector data for Sub-Saharan Africa
- Reserve position in the IMF, US dollar, annual growth rate 5.14 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.001 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 1.75 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0.1205 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 1.28 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.14 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.001 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 1.75 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0.1205 % change on previous year (2025)
Frequently asked questions
- What is stocks traded, turnover ratio of domestic shares in Sub-Saharan Africa?
- Stocks traded, turnover ratio of domestic shares in Sub-Saharan Africa 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?
- 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?
- The lowest recorded value was 3.3% in 1982.
- How does Sub-Saharan Africa rank for stocks traded, turnover ratio of domestic shares?
- Sub-Saharan Africa ranks 30th out of 46 groups with data for 2024.
- Is stocks traded, turnover ratio of domestic shares rising or falling in Sub-Saharan Africa?
- Over the last ten years it is down 3.6%. The long-run trend across the full record is volatile.
- Where does this Sub-Saharan Africa 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.