S&P Global Equity Indices (annual % change) by country
S&P Global Equity Indices measure the U.S. dollar price change in the stock markets covered by the S&P BMI country indices.
Countries reporting
84
Highest
173.9%
Ghana
Lowest
-83.8%
Zimbabwe
Median
28.8%
Years covered
36
1990–2025
Data points
2,436
What the numbers show
S&P Global Equity Indices (annual % change) is currently reported for 84 countries. The highest value is 173.9% in Ghana; the lowest is -83.8% in Zimbabwe.
The median across all reporting countries is 28.8%, and the mean is 32.2%.
The gap between the highest and lowest reporting country is a factor of about 2.
Over the past decade 74 countries rose and 10 fell. The largest increase was in Finland (up 10,363.3%), and the largest decrease in Lebanon (down 5,247.1%).
S&P Global Equity Indices (annual % change): full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Ghana | 173.9% | 2025 | up 687.3% | volatile |
| 2 | Zambia | 94.4% | 2025 | up 307.1% | volatile |
| 3 | Luxembourg | 92.6% | 2025 | up 416.6% | volatile |
| 4 | South Korea | 87.3% | 2025 | up 1,842.2% | volatile |
| 5 | Colombia | 81.8% | 2025 | up 299.2% | volatile |
| 6 | Venezuela | 79.0% | 2006 | down 32.8% | volatile |
| 7 | Cyprus | 78.1% | 2025 | up 291.0% | volatile |
| 8 | Spain | 72.3% | 2025 | up 515.5% | volatile |
| 9 | Hungary | 71.5% | 2025 | up 148.4% | volatile |
| 10 | Austria | 70.4% | 2025 | up 8,486.7% | volatile |
| 11 | Vietnam | 69.3% | 2025 | up 1,068.6% | volatile |
| 12 | Slovenia | 68.4% | 2025 | up 566.2% | volatile |
| 13 | Greece | 67.7% | 2025 | up 241.2% | volatile |
| 14 | Peru | 66.8% | 2025 | up 294.0% | volatile |
| 15 | Chile | 66.0% | 2025 | up 444.3% | volatile |
| 16 | Czechia | 62.1% | 2025 | up 573.6% | volatile |
| 17 | Nigeria | 61.2% | 2025 | up 328.2% | volatile |
| 18 | Poland | 60.7% | 2025 | up 359.2% | volatile |
| 19 | Romania | 58.5% | 2025 | up 1,009.1% | volatile |
| 20 | South Africa | 55.6% | 2025 | up 308.7% | volatile |
| 21 | Kenya | 53.5% | 2025 | up 321.3% | volatile |
| 22 | Egypt | 50.9% | 2025 | up 285.1% | volatile |
| 23 | Finland | 49.0% | 2025 | up 10,363.3% | volatile |
| 24 | Italy | 48.6% | 2025 | up 1,418.5% | volatile |
| 25 | Mexico | 47.0% | 2025 | up 414.9% | volatile |
| 26 | Jordan | 46.9% | 2025 | up 5,388.6% | volatile |
| 27 | Israel | 44.5% | 2025 | up 836.1% | volatile |
| 28 | Pakistan | 44.3% | 2025 | up 483.9% | volatile |
| 29 | Portugal | 41.7% | 2025 | up 6,239.9% | volatile |
| 30 | Tunisia | 41.2% | 2025 | up 459.4% | volatile |
| 31 | Brazil | 39.3% | 2025 | up 188.7% | volatile |
| 32 | Croatia | 38.5% | 2025 | up 916.7% | volatile |
| 33 | Morocco | 38.3% | 2025 | up 389.9% | volatile |
| 34 | Bulgaria | 37.8% | 2025 | up 287.1% | volatile |
| 35 | Netherlands | 36.9% | 2025 | up 6,837.8% | volatile |
| 36 | Canada | 35.8% | 2025 | up 236.8% | volatile |
| 37 | Namibia | 35.5% | 2025 | up 3,969.0% | volatile |
| 38 | Belgium | 35.0% | 2025 | up 273.9% | volatile |
| 39 | Ireland | 31.7% | 2025 | up 31.0% | volatile |
| 40 | Sweden | 30.2% | 2025 | up 2,021.3% | volatile |
| 41 | Switzerland | 30.0% | 2025 | up 3,721.8% | volatile |
| 42 | Panama | 29.1% | 2025 | up 215.6% | volatile |
| 43 | Cote d'Ivoire | 28.6% | 2025 | up 276.5% | volatile |
| 44 | China | 28.0% | 2025 | up 566.1% | volatile |
| 45 | Estonia | 26.7% | 2025 | up 336.9% | volatile |
| 46 | Norway | 26.3% | 2025 | up 251.1% | volatile |
| 47 | Hong Kong | 26.2% | 2025 | up 588.3% | volatile |
| 48 | Japan | 26.2% | 2025 | up 188.6% | volatile |
| 49 | Singapore | 24.7% | 2025 | up 231.2% | volatile |
| 50 | Oman | 24.0% | 2025 | up 287.3% | volatile |
| 51 | Bahrain | 23.8% | 2025 | up 292.6% | volatile |
| 52 | Germany | 23.0% | 2025 | up 140.7% | volatile |
| 53 | Ecuador | 22.6% | 2018 | up 356.7% | volatile |
| 54 | United Kingdom | 21.5% | 2025 | up 536.3% | volatile |
| 55 | Kuwait | 20.1% | 2025 | up 209.9% | volatile |
| 56 | United States | 16.4% | 2025 | up 2,355.4% | volatile |
| 57 | Australia | 15.9% | 2025 | up 222.9% | volatile |
| 58 | Sri Lanka | 15.7% | 2025 | up 180.9% | volatile |
| 59 | United Arab Emirates | 13.2% | 2025 | up 173.0% | volatile |
| 60 | Botswana | 13.0% | 2025 | up 574.5% | volatile |
| 61 | Latvia | 10.8% | 2025 | down 40.7% | volatile |
| 62 | France | 10.4% | 2025 | up 22.2% | volatile |
| 63 | Russia | 9.7% | 2023 | up 669.7% | volatile |
| 64 | Ukraine | 8.9% | 2025 | up 512.9% | volatile |
| 65 | Malaysia | 7.6% | 2025 | up 137.0% | volatile |
| 66 | Argentina | 4.9% | 2025 | up 148.1% | volatile |
| 67 | Kazakhstan | 4.9% | 2025 | up 110.2% | volatile |
| 68 | Slovakia | 4.3% | 2025 | down 18.6% | volatile |
| 69 | Qatar | 3.8% | 2025 | up 120.6% | volatile |
| 70 | Indonesia | 3.6% | 2025 | up 115.5% | volatile |
| 71 | India | 0.1% | 2025 | up 102.8% | volatile |
| 72 | Mauritius | -0.2% | 2025 | up 99.0% | volatile |
| 73 | Thailand | -2.0% | 2025 | up 91.1% | volatile |
| 74 | Jamaica | -2.9% | 2025 | down 103.8% | volatile |
| 75 | Turkey | -5.3% | 2025 | up 83.4% | volatile |
| 76 | New Zealand | -5.7% | 2025 | down 24.3% | volatile |
| 77 | Lithuania | -6.2% | 2025 | up 40.6% | volatile |
| 78 | Philippines | -6.3% | 2025 | up 40.5% | volatile |
| 79 | Denmark | -8.5% | 2025 | down 138.1% | volatile |
| 80 | Bangladesh | -9.6% | 2025 | down 77.6% | volatile |
| 81 | Saudi Arabia | -12.0% | 2025 | up 32.1% | volatile |
| 82 | Trinidad and Tobago | -12.6% | 2025 | down 286.5% | volatile |
| 83 | Lebanon | -30.3% | 2025 | down 5,247.1% | volatile |
| 84 | Zimbabwe | -83.8% | 2007 | down 78.9% | volatile |
About this data
S&P Global Equity Indices measure the U.S. dollar price change in the stock markets covered by the S&P BMI country indices.