Stock Market Returns By Country So Far In 2012

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 |  Includes: BIK, BKF, EWC, EWG, EWI, EWQ, SPY
by: Bespoke Investment Group

Nine trading days into 2012, the S&P 500 is currently up 2.25% year to date. So how do we stack up with the rest of the world so far this year? Below are the year-to-date returns for the major equity market indices of 78 different countries.

The average year-to-date change for all 78 countries is currently 1.13%, so the US is outperforming the average. There are 49 countries that are in the black for the year (63%) and 29 that are in the red (37%). The US ranks 24th out of 78 in terms of performance.

Just like last year, Greece is currently down the most out of any country with a YTD decline of 5.21%. Jamaica is 2nd to last with a decline of 3.99%, and Pakistan is the third worst at -2.94%. Argentina currently ranks first out of all countries with a gain of 11.26%.

The only G7 country that is down for the year is Italy with a decline of 0.52%. Germany has been the best G7 country with a gain of 4.15%, followed by the US, Canada (1.87%), France and Britain (1.16%) and Japan (0.53%).

While the BRICs significantly underperformed in 2011, they've gotten off to a good start in 2012. India is up 4.53%, Russia is up 4.41%, Brazil is up 4.15% and China is up 2.05%.