Bulgaria Stock Turnover Ratio
Stocks traded, turnover ratio of domestic shares CM.MKT.TRNR
Bulgaria's stock turnover ratio was 2.97% in 2025, ranked 54th globally. This represents a 36.7% increase from 2024. Data from World Bank, covering 1993–2025.
Overview
Bulgaria's stock turnover ratio stood at 2.97% in 2025, a rise of +0.80pp from 2024. Based on recent trends, this figure is projected to reach 2.97% by 2025. Bulgaria ranked 54th globally.
Bulgaria’s stock turnover ratio has fallen dramatically from its all‑time peak of 173.04 % in 1996 to a trough of 1.07 % in 2019, before modestly rebounding to 2.97 % in 2025, placing the country 54th in the world. The 1996 surge reflected a period of rapid privatization and market liberalization, while the long‑term decline mirrors persistent low trading volumes and limited market depth that have characterized the post‑transition era. The 2025 figure remains slightly above Slovenia’s 3.02 % and below Kenya’s 3.29 %, suggesting that Bulgaria’s market activity is comparable to other emerging economies but still lags behind more liquid regional peers. Over the 26‑year coverage, the ratio’s volatility underscores the sensitivity of the Bulgarian stock market to structural reforms and investor confidence. Continued improvements in corporate governance, the introduction of new financial instruments, and greater integration with European capital markets could stimulate trading activity and lift the turnover ratio in the coming years.
Data & projection
| Year | Stock Turnover Ratio | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 3.59% | - | - |
| 2026* trend | 3.28% | - | - |
| 2025* trend | 2.97% | - | - |
| 2025 | 2.97% | +0.80pp | #54 |
| 2024 | 2.17% | −0.68pp | #17 |
| 2023 | 2.85% | +0.57pp | #20 |
| 2022 | 2.28% | +0.58pp | #22 |
| 2021 | 1.70% | +0.50pp | #16 |
| 2020 | 1.20% | +0.14pp | #13 |
| 2019 | 1.07% | −0.28pp | #10 |
| 2018 | 1.34% | −2.56pp | #9 |
| 2011 | 3.90% | −1.21pp | #14 |
| 2010 | 5.11% | −0.51pp | #17 |
| 2009 | 5.63% | −9.18pp | #18 |
| 2008 | 14.81% | −16.50pp | #23 |
| 2007 | 31.31% | +13.22pp | #37 |
| 2006 | 18.09% | +2.73pp | #34 |
| 2005 | 15.37% | −0.97pp | #31 |
Detected Pattern
Analysis
Bulgaria matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw stock turnover ratio improve within 24 months. View full analysis →
Frequently Asked Questions
Bulgaria's stock turnover ratio was 2.97% in 2025. Ranked 54th globally. This represents a 36.7% increase from the previous year.
Bulgaria's stock turnover ratio peaked at 173.04% in 1996.
The lowest stock turnover ratio in Bulgaria was 1.07% in 2019.
Bulgaria ranks 54th globally in stock turnover ratio as of 2025.
The World Bank indicator code is CM.MKT.TRNR. Data sourced from World Bank.
Bulgaria's stock turnover ratio is projected to reach 2.97% by 2025 based on trend extrapolation.
The stock turnover ratio of Bulgaria in 2025 was 2.97%. This ranks 54th in the world.
Cite this page
@misc{historysaid_bulgaria_stock-turnover,
title = {Bulgaria Stock Turnover Ratio},
url = {https://historysaid.com/bulgaria/stock-turnover/},
publisher = {HistorySaid},
year = {2026}
}