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Armenia – Stock Turnover Ratio

Name: Armenia Stock Turnover Ratio
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Total value of shares traded during the period divided by average market capitalization. Measures the liquidity of the stock market. · World Bank

0.04% −2.43pp from 2023 G20 rank: 1st · all-time high: 2.47% (2023)

APA

Armenia Stock Turnover Ratio. HistorySaid. Retrieved March 10, 2026, from https://historysaid.com/armenia/stock-turnover

BibTeX

@misc{historysaid_armenia_stock-turnover,
  title = {Armenia Stock Turnover Ratio},
  url = {https://historysaid.com/armenia/stock-turnover},
  publisher = {HistorySaid},
  year = {2026}
}

Data & Projection▾

Year	Value	Change	Rank
2027* trend	1.62%	–	–
2026* trend	1.50%	–	–
2025* trend	1.37%	–	–
2024	0.04%	−2.43pp	1st
2023	2.47%	+1.51pp	18th
2022	0.97%	−0.32pp	13th
2021	1.28%	+1.13pp	13th
2019	0.15%	+0.11pp	4th
2018	0.04%	–	2nd

* Linear trend extrapolation from last 5 data points

Detected Pattern▾

Export Boom Cycle

Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.

Reserves YoY +27.3% GDP growth 12.6% C/A balance 0.7%

This pattern occurred 682 times in G20 history, 460 successful

United Arab Emirates 2024

Reserves YoY

+25.6%

GDP growth

4.0%

C/A balance

14.5%

Guatemala 2024

Reserves YoY

+14.6%

GDP growth

3.7%

C/A balance

2.9%

Cambodia 2024

Reserves YoY

+12.6%

GDP growth

6.0%

C/A balance

0.5%

Sri Lanka 2024

Reserves YoY

+38.3%

GDP growth

5.0%

C/A balance

1.2%

Lesotho 2024

Reserves YoY

+18.0%

GDP growth

2.9%

C/A balance

3.9%

Lithuania 2024

Reserves YoY

+20.1%

GDP growth

2.8%

C/A balance

3.3%

HistorySaid – pattern alert

Armenia matched the Export Boom Cycle pattern in 2022. Historically, 67% of countries showing this pattern (460 out of 682) saw stock turnover ratio improve within 24 months. View full analysis →