China is the top country by stocks traded (turnover ratio) in the world. As of 2016, stocks traded (turnover ratio) in China was 273.23 that accounts for 12.42 % of the world's stocks traded (turnover ratio). The top 5 countries (others are Turkey, the United States of America, Republic of Korea, and Japan) account for 38.30 % of it. The world's total stocks traded (turnover ratio) was estimated at 2,199.29 in 2016.
Turnover ratio is the total value of shares traded during the period divided by the average market capitalization for the period. Average market capitalization is calculated as the average of the end-of-period values for the current period and the previous period.