S&P Global Equity Indices measure the U.S. dollar price change in the stock markets covered by the S&P/IFCI and S&P/Frontier BMI country indices.
| 1990 | 2000 | 2005 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Australia | -22.4 | -8.7 | 11.7 | 12.5 | -15.7 | 15.0 | -1.7 | -8.3 | -13.0 | 7.0 | 16.5 | -15.8 | 18.3 | 9.7 | 8.5 | -13.8 |
| China | -9.8 | 13.3 | 6.9 | -21.7 | 17.2 | 7.3 | 3.0 | -6.0 | -2.0 | 46.0 | -20.5 | 19.3 | 27.9 | -20.6 | -23.6 | |
| हांगकांग | 2.1 | -12.6 | 8.1 | 21.3 | -20.2 | 22.6 | 7.6 | 0.1 | -5.4 | -3.1 | 27.8 | -11.5 | 5.1 | 5.1 | -7.3 | -9.7 |
| Indonesia | -61.0 | 9.1 | 37.9 | 1.1 | 2.8 | -24.2 | 20.5 | -23.1 | 16.4 | 16.6 | -9.5 | 7.1 | -9.7 | -1.8 | -7.5 | |
| Japan | -34.8 | -34.9 | 22.5 | 9.6 | -12.2 | 22.9 | 56.7 | 7.1 | 9.1 | 0.4 | 19.1 | -12.1 | 18.2 | 16.0 | 4.9 | -9.4 |
| Republic of Korea | -57.1 | 58.8 | 25.3 | -10.9 | 18.9 | 3.1 | -10.0 | -5.0 | 2.2 | 43.4 | -21.9 | 7.2 | 44.1 | -7.0 | -31.4 | |
| Malaysia | -23.3 | -2.9 | 35.1 | -1.1 | 11.4 | 4.3 | -11.7 | -20.6 | -6.8 | 25.3 | -12.7 | -1.0 | 4.2 | -8.3 | -10.9 | |
| New Zealand | -39.6 | -26.6 | -2.7 | 5.2 | -3.8 | 26.5 | 12.3 | 6.6 | -4.6 | 6.7 | 20.0 | -4.1 | 30.7 | 25.5 | -11.9 | -24.9 |
| Philippines | -43.6 | 21.3 | 56.7 | 0.2 | 44.4 | -7.9 | 21.7 | -10.6 | -3.3 | 22.1 | -17.0 | 7.7 | -3.3 | -3.5 | -16.0 | |
| Singapore | -12.4 | -25.9 | 10.0 | 18.4 | -21.2 | 28.9 | -3.0 | -1.1 | -18.9 | -0.5 | 29.8 | -14.4 | 13.5 | 5.4 | 9.2 | -15.1 |
| Thailand | -54.1 | 3.8 | 52.1 | -4.7 | 39.6 | -12.9 | 15.6 | -22.8 | 21.6 | 25.8 | -12.1 | 11.9 | -9.3 | 2.0 | -1.0 | |
| Viet Nam | 0.5 | -26.8 | 19.9 | 5.1 | 7.5 | -7.2 | -0.6 | 56.8 | -6.1 | 3.6 | 17.7 | 37.1 | -46.1 | |||
| Austria | 8.3 | -14.9 | 21.9 | 10.9 | -35.8 | 29.9 | 12.6 | -21.1 | 0.8 | 4.2 | 55.5 | -25.6 | 15.6 | -5.4 | 22.1 | -25.1 |
| Belgium | -11.6 | -16.5 | 6.8 | 0.5 | -15.1 | 33.3 | 23.5 | 1.3 | 9.4 | -7.7 | 16.8 | -27.3 | 23.1 | -7.4 | 2.9 | -19.1 |
| Bulgaria | -30.0 | 16.4 | -15.2 | -22.1 | -8.1 | 43.1 | -21.6 | -20.2 | 15.5 | 36.1 | -14.8 | -7.1 | -0.4 | 24.3 | -5.0 | |
| Croatia | 10.9 | 7.4 | -0.4 | -30.3 | -5.2 | 3.2 | -12.7 | -4.7 | 15.5 | 6.4 | -9.3 | 13.4 | -2.1 | 5.0 | -12.7 | |
| Cyprus | -71.9 | -41.2 | -56.8 | -43.3 | -40.9 | -2.1 | 40.3 | -19.7 | -10.1 | -10.4 | 35.7 | -20.0 | ||||
| Czech Republic | -0.6 | 43.5 | 0.2 | -15.0 | -3.2 | -15.7 | -10.5 | -13.1 | -6.6 | 37.8 | -8.2 | -0.8 | -4.1 | 43.7 | -18.0 | |
| Denmark | -2.7 | 14.2 | 21.0 | 25.1 | -17.3 | 29.4 | 31.3 | 6.5 | 22.4 | -14.0 | 32.9 | -15.7 | 25.3 | 40.9 | 15.7 | -8.0 |
| Estonia | 4.5 | 22.8 | 56.0 | -23.3 | 24.6 | 4.0 | -28.5 | 6.1 | 16.8 | 29.3 | -17.4 | 3.4 | 13.8 | 44.9 | -22.8 | |
| Finland | -26.0 | -10.6 | 13.6 | 10.7 | -33.1 | 12.7 | 35.4 | -5.6 | 0.5 | -1.0 | 18.9 | -11.3 | 8.0 | 18.2 | 11.7 | -19.5 |
| France | -14.8 | -6.9 | 7.7 | -9.9 | -19.5 | 15.2 | 18.0 | -0.5 | 8.5 | 4.9 | 9.3 | -11.0 | 26.4 | -7.1 | 28.9 | -9.5 |
| Germany | -11.9 | -13.5 | 10.3 | 7.4 | -16.6 | 29.1 | 25.5 | 2.7 | 9.6 | 6.9 | 12.5 | -18.3 | 25.5 | 3.5 | 15.8 | -12.3 |
| Greece | -48.8 | 14.1 | -43.8 | -58.3 | 24.7 | 46.4 | -39.7 | -47.9 | -0.2 | 30.3 | -32.3 | 46.3 | -13.5 | 9.7 | -0.8 | |
| Hungary | -28.2 | 16.1 | -10.8 | -35.3 | 18.7 | 0.2 | -28.7 | 28.8 | 32.8 | 34.3 | -8.5 | 13.8 | -12.3 | 9.8 | -33.5 | |
| Ireland | -21.2 | 9.1 | -1.0 | -7.7 | -1.5 | 19.4 | 43.2 | 0.8 | 24.2 | -7.0 | 24.3 | -21.8 | 30.0 | 10.4 | 14.0 | -26.8 |
| Italy | -16.0 | -2.0 | -0.2 | -17.4 | -27.6 | 11.0 | 23.1 | -12.0 | 3.2 | -13.0 | 29.8 | -20.9 | 24.5 | 2.7 | 14.9 | -19.4 |
| Kazakhstan | -1.0 | -36.4 | -12.7 | -22.5 | -16.0 | -47.6 | 29.6 | 80.3 | -38.3 | 0.2 | 7.2 | 59.9 | -19.1 | |||
| Latvia | 41.2 | 32.8 | 39.4 | -17.3 | 9.0 | 31.7 | -32.6 | 18.3 | 1.8 | 40.6 | -20.1 | 48.6 | 3.6 | |||
| Lithuania | 4.9 | 6.2 | 44.0 | -16.1 | 14.9 | 11.4 | -15.4 | -10.5 | 14.6 | 33.4 | -20.7 | 12.1 | 21.5 | 19.2 | -11.5 | |
| Luxembourg | -3.3 | -34.4 | 0.6 | 10.0 | -14.4 | -29.3 | 16.9 | 19.9 | -21.5 | -10.9 | 13.4 | 13.8 | -30.4 | |||
| Netherlands | -6.6 | -6.7 | 10.8 | 1.2 | -16.4 | 17.5 | 28.3 | -3.3 | 0.5 | 2.9 | 31.7 | -15.4 | 30.6 | 26.9 | 26.6 | -27.9 |
| Norway | -7.2 | -7.6 | 24.7 | 13.7 | -18.1 | 16.4 | 8.1 | -24.1 | -17.4 | 13.8 | 19.4 | -10.8 | 10.0 | 3.0 | 15.2 | -14.3 |
| Poland | -3.5 | 20.8 | 11.3 | -33.4 | 34.1 | 3.0 | -16.4 | -23.4 | 2.4 | 50.2 | -16.9 | -5.6 | -5.1 | 12.3 | -27.1 | |
| Portugal | -10.4 | -4.6 | -16.6 | -31.0 | 3.0 | 22.7 | -33.8 | -0.7 | -9.8 | 25.8 | -14.6 | 13.4 | 6.0 | -1.0 | -3.1 | |
| Romania | -25.3 | 58.7 | -6.6 | -18.2 | 9.8 | 27.3 | -5.2 | -6.4 | -1.1 | 22.1 | -8.3 | 29.3 | -1.6 | 15.4 | -17.5 | |
| Russian Federation | -32.2 | 64.9 | 21.7 | -23.4 | 7.7 | -1.7 | -49.0 | 0.8 | 48.7 | 4.4 | -9.4 | 41.8 | -13.0 | 15.1 | -54.6 | |
| Slovakia | 0.4 | 16.6 | 5.4 | 3.0 | 3.4 | 9.6 | -10.3 | 5.3 | 4.4 | 24.0 | 4.1 | 13.4 | 4.8 | -28.3 | -34.3 | |
| Slovenia | -9.5 | -6.9 | -20.3 | -30.7 | 1.8 | 12.0 | 2.9 | -14.7 | -7.3 | 25.4 | -7.2 | 15.2 | 10.6 | 30.1 | -23.9 | |
| Spain | -13.2 | -17.6 | 3.4 | -24.5 | -16.8 | 1.5 | 31.6 | -6.7 | -17.4 | -4.6 | 22.8 | -18.6 | 8.6 | -7.5 | -0.2 | -11.0 |
| Sweden | -19.0 | -20.4 | 9.1 | 32.6 | -18.5 | 19.7 | 23.9 | -8.6 | -1.6 | -1.5 | 18.0 | -15.3 | 23.1 | 31.5 | 15.9 | -35.1 |
| Switzerland | -6.4 | 9.4 | 14.8 | 11.0 | -9.4 | 18.1 | 25.7 | -0.5 | -0.8 | -6.1 | 21.1 | -12.0 | 29.2 | 10.4 | 16.5 | -19.8 |
| Turkey | -51.2 | 49.5 | 21.4 | -37.0 | 60.7 | -26.3 | 14.4 | -32.1 | -9.2 | 33.8 | -43.9 | 12.0 | -0.6 | -29.9 | 105.8 | |
| Ukraine | 75.2 | 52.8 | 53.8 | -36.3 | -4.1 | -21.3 | -51.5 | 1.5 | 27.8 | 31.2 | -16.8 | -12.0 | 25.7 | 13.1 | -58.3 | |
| United Kingdom | 5.9 | -16.9 | 4.7 | 5.2 | -6.1 | 5.8 | 14.4 | -2.7 | -4.9 | 14.4 | 7.6 | -12.5 | 12.1 | -14.3 | 14.3 | 0.9 |
| Argentina | -25.1 | 45.4 | 55.3 | -30.2 | -15.9 | 29.6 | 12.7 | -10.2 | 14.0 | 71.7 | -40.6 | 32.5 | 123.2 | -17.9 | -30.4 | |
| Brazil | -10.3 | 47.6 | 6.5 | -24.4 | -0.3 | -19.1 | -18.4 | -44.3 | 62.6 | 22.6 | -4.5 | 26.0 | -19.0 | -25.3 | -4.4 | |
| Chile | -15.2 | 14.7 | 47.2 | -24.1 | 11.4 | -22.1 | -12.9 | -19.2 | 16.7 | 41.6 | -20.4 | -18.5 | -8.9 | -17.9 | 15.4 | |
| Colombia | -43.8 | 108.1 | 44.1 | -12.0 | 29.1 | -17.8 | -19.8 | -41.0 | 22.7 | 11.9 | -19.3 | 27.2 | -17.9 | -16.1 | -17.2 | |
| Ecuador | 33.0 | 26.0 | 9.7 | -9.6 | -7.4 | 12.3 | 0.7 | -23.4 | -19.0 | -22.3 | 22.6 | |||||
| Jamaica | 45.6 | -14.1 | 22.4 | 28.4 | -18.5 | -18.9 | -4.4 | 74.9 | 22.8 | 60.0 | 29.2 | 26.8 | -29.5 | -1.7 | -14.5 | |
| Mexico | -21.5 | 43.9 | 26.6 | -14.8 | 26.9 | 0.2 | -9.7 | -14.9 | -12.1 | 12.9 | -16.1 | 9.9 | -3.6 | 16.6 | -3.5 | |
| Panama | 12.8 | 18.0 | 40.4 | 32.3 | -18.4 | -25.2 | 25.6 | 26.6 | -15.5 | 15.8 | -25.4 | 7.5 | -0.4 | |||
| Peru | -28.1 | 29.8 | 51.3 | -21.3 | 17.4 | -28.0 | -1.2 | -34.4 | 52.3 | 31.6 | -1.7 | 2.2 | -12.5 | -18.4 | 3.6 | |
| Trinidad and Tobago | 8.5 | -1.3 | 0.8 | 26.7 | 14.9 | 7.6 | 1.1 | -3.3 | -10.3 | -3.6 | 0.7 | 11.2 | -5.8 | 20.7 | -6.3 | |
| Venezuela (Bolivarian Republic of) | 18.7 | -22.0 | ||||||||||||||
| Bahrain | 20.8 | 10.0 | -14.4 | -4.5 | 35.8 | 4.1 | -12.3 | 18.6 | 5.3 | -6.5 | 37.1 | -13.6 | 28.8 | 5.5 | ||
| Egypt | -45.6 | 158.0 | 11.5 | -49.1 | 41.2 | 12.1 | 26.3 | -27.5 | -22.9 | 21.0 | -10.3 | 25.4 | -22.4 | 13.7 | -22.3 | |
| Israel | 8.6 | 23.3 | 7.4 | -29.7 | 3.1 | 13.6 | 8.8 | 4.7 | -17.0 | 9.5 | -3.8 | 18.4 | 17.4 | 19.8 | -29.1 | |
| Jordan | -24.5 | 117.8 | -8.6 | -16.2 | -5.1 | 3.0 | -0.8 | 0.9 | -0.3 | -5.1 | -0.4 | -5.7 | -20.5 | 21.9 | 11.6 | |
| Kuwait | 29.1 | -21.4 | -3.0 | 1.7 | -8.7 | -18.3 | -2.0 | 11.6 | 9.2 | 26.9 | -12.7 | 27.5 | 4.0 | |||
| Lebanon | -18.6 | 111.8 | -8.7 | -22.2 | -2.3 | -5.7 | 1.0 | 0.6 | 5.0 | -13.3 | -14.0 | -18.1 | 24.0 | 79.0 | 61.9 | |
| Morocco | -19.1 | 8.4 | 13.1 | -17.7 | -14.7 | 0.5 | -3.1 | -13.2 | 31.5 | 15.0 | -11.1 | 8.0 | -2.8 | 12.1 | -30.0 | |
| Oman | 38.0 | 12.2 | -14.1 | -0.6 | 14.9 | -3.6 | -12.8 | 6.2 | -10.9 | -10.2 | -5.3 | -6.2 | 16.0 | 19.1 | ||
| Qatar | 27.7 | 3.3 | -1.9 | 24.0 | 23.0 | -18.6 | 2.2 | -16.8 | 22.2 | -1.9 | -4.0 | 12.2 | -11.3 | |||
| Saudi Arabia | 111.0 | 9.0 | -3.9 | 4.4 | 23.6 | -6.5 | -17.7 | 4.0 | -72.1 | 10.7 | 6.6 | 3.0 | 31.3 | -8.5 | ||
| Tunisia | 9.0 | 11.1 | 11.7 | -13.4 | -12.1 | -11.6 | -9.3 | -11.5 | -1.0 | 5.6 | -8.7 | 3.0 | -3.9 | -7.9 | -3.1 | |
| United Arab Emirates | -6.8 | -16.5 | 24.2 | 29.6 | 12.7 | -18.1 | 8.4 | -2.0 | -8.0 | 0.8 | -10.0 | 45.0 | -6.6 | |||
| Canada | -17.1 | 4.0 | 26.0 | 22.0 | -14.7 | 6.0 | 3.0 | -2.1 | -26.2 | 22.6 | 13.7 | -19.4 | 25.3 | 4.5 | 22.7 | -14.8 |
| United States of America | -6.6 | -10.1 | 3.0 | 12.8 | 0.0 | 13.4 | 29.6 | 11.4 | -0.7 | 9.5 | 19.4 | -6.2 | 28.9 | 16.3 | 26.9 | -19.4 |
| Bangladesh | 28.5 | -27.7 | 37.6 | -42.3 | -14.3 | -1.4 | 18.5 | -5.4 | 7.4 | 22.5 | -18.2 | -18.2 | 23.5 | 20.6 | -25.1 | |
| India | -31.1 | 33.6 | 18.7 | -38.0 | 23.3 | -6.3 | 31.6 | -3.9 | -0.2 | 44.4 | -11.4 | 6.1 | 15.8 | 30.1 | -8.8 | |
| Pakistan | -16.7 | 58.5 | 15.3 | -18.8 | 26.2 | 30.9 | 18.1 | -11.5 | 33.3 | -26.5 | -33.4 | -6.6 | -7.5 | -15.0 | -32.0 | |
| Sri Lanka | -41.7 | 29.3 | 84.6 | -23.0 | -13.1 | 3.9 | 24.2 | -19.3 | -10.2 | 2.1 | -24.1 | -4.0 | -6.9 | 35.1 | -62.4 | |
| Botswana | -6.9 | -3.2 | -6.8 | -7.5 | 8.1 | 8.2 | -0.8 | -2.7 | -11.3 | -0.8 | -21.9 | -7.3 | -8.2 | -0.9 | 1.5 | |
| Côte d'Ivoire | -25.6 | 16.9 | 19.3 | -15.2 | 27.2 | 37.5 | 0.0 | 7.6 | -1.3 | -2.5 | -33.9 | -7.9 | 3.0 | 19.4 | -8.2 | |
| Ghana | -50.9 | -33.9 | 94.1 | -22.8 | 7.7 | 54.9 | -22.5 | -29.6 | -19.3 | 49.1 | -17.7 | -23.6 | -17.4 | 36.3 | -46.4 | |
| Kenya | -8.1 | 60.0 | 33.8 | -31.6 | 43.2 | 37.9 | 13.8 | -24.2 | -11.8 | 23.5 | -14.7 | 26.6 | -21.6 | 12.0 | -26.7 | |
| Mauritius | -19.4 | 10.5 | 8.2 | -2.5 | -8.4 | 25.4 | -7.0 | -19.3 | 0.5 | 28.2 | -4.2 | -0.4 | -29.4 | 17.1 | -5.9 | |
| Namibia | -37.8 | -1.1 | 24.2 | 6.2 | 19.0 | -0.1 | 6.2 | -0.9 | 24.2 | 17.7 | -12.2 | -2.2 | -31.5 | 16.0 | -3.3 | |
| Nigeria | 20.7 | 20.3 | -29.5 | 52.9 | 30.2 | -31.9 | -26.8 | -42.2 | 37.4 | -17.9 | -19.7 | 8.5 | 0.2 | -13.4 | ||
| South Africa | -17.3 | 24.8 | 32.1 | -17.4 | 15.7 | -7.4 | 3.9 | -26.6 | 17.6 | 30.6 | -25.9 | 8.6 | -7.0 | 5.4 | -7.2 | |
| Zambia | 17.4 | -1.3 | -3.5 | 39.9 | -4.0 | -45.6 | -19.3 | 36.6 | -18.8 | -37.4 | -37.0 | 135.7 | 23.8 | |||
| Zimbabwe | -24.6 | 36.6 |