Ratio of the value of total shares traded to average real market capitalization, the denominator is deflated using the following method: Tt/P at/{(0.5) [Mt/P et + Mt-1/P et-1] where T is total value traded, M is stock market capitalization, P e is end-of period CPI. (IFS line 64M..ZF or, if not available, 64Q..ZF) and annual CPI (IFS line 64..ZF) are from the IMF’s International Financial Statistics. Every country, region and year the World Bank publishes for indicator GFDD.EM.01 (Global Financial Development), delivered as a tidy table — country, ISO code, year and value — ready for analysis in Excel, R, Python or the Intigal AI workspace. Original compiler: Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's.
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Version 1: Listed from the publisher's open-data release.
Original source: api.worldbank.org · CC BY 4.0 — free to reuse with attribution to the World Bank