Below is an updated look at year-to-date stock market returns (in local currency) for 75 countries around the world. 2018 has turned into a red year for equities as the average country is now down 3.75% YTD. Just 20 countries (26.7%) are in the green for the year, while 55 are in the red.
As shown, Ukraine ranks first with a gain of 83.46% (remember these returns are in local currency), followed by Jamaica (+32.6%), Qatar (+21.2%), and Brazil (+16.59%). Abu Dhabi (UAE) and Romania are the only other countries up 10%+ on the year.
Of the G7 countries, the US ranks first with a minuscule gain of 1.82%. The US is also the only G7 country in positive territory for the year. Japan ranks 2nd best with a YTD decline of 2.58%, followed by France at -6.2%, Canada at -6.85%, and Britain at -8.89%. Italy and Germany rank at the bottom of the G7 with double-digit percentage declines of 12.5%.
Of the “BRICs”, Brazil ranks first with a gain of 16.49%, followed by India at +4.87%. Russia is down 3.55%, while China is down 21.33%. China is actually the 3rd worst out of the entire list of 75 countries, and one of just four countries down 20%+. Only Kenya and Greece have done worse this year.