Below is a look at the year-to-date performance for the major stock market indices of 77 countries around the world. Through today, the average country on the list is up 4.09% in 2013, and 49 of the 77 countries (63.6%) are in the green for the year.
Japan now ranks first overall with a gain of 30.53%, but keep in mind that its currency has depreciated significantly this year. In dollar terms, Japan's stock market is up 14.04% YTD. This would still rank it eleventh on the list, but it cuts the gains in half. In the G7, the U.S. ranks second behind Japan, followed by the U.K. After Japan, the U.S., and the U.K., the four other G7 countries are not doing very well. France is up just 0.30% on the year, while Italy, Germany, and Canada are all down.
All four of the big BRIC (Brazil, Russia, India, and China) emerging markets are down on the year as well. China is doing the best of the BRICs with a YTD decline of 1.19%. India is down 1.32%, while Brazil and Russia are now down double-digit percentages. Brazil and Russia are both having very rough 2013s through mid-April.