Title:               Stock Market Turnover Ratio (Value Traded/Capitalization) for Serbia
Series ID:           DDEM01RSA156NWDB
Source:              World Bank
Release:             Global Financial Development (Not a Press Release)
Seasonal Adjustment: Not Seasonally Adjusted
Frequency:           Annual
Units:               Percent
Date Range:          2003-01-01 to 2011-01-01
Last Updated:        2022-08-04 9:48 AM CDT
Notes:               Total value of shares traded during the period divided by the average
                     market capitalization for the period.
                     
                     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.
                     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. Standard & Poor's, Global Stock Markets Factbook
                     and supplemental S&P data)
                     
                     Source Code: GFDD.EM.01

DATE                     VALUE
2003-01-01  39.368430000000000
2004-01-01  13.428939999999999
2005-01-01   9.696696000000001
2006-01-01  10.292780000000000
2007-01-01  10.448080000000001
2008-01-01   7.741547000000000
2009-01-01   4.763977000000000
2010-01-01   7.550332000000001
2011-01-01   9.434902000000001