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« Leaders vs. Laggards 01/04/06 | Main | Laszlo Birinyi Answers Questions »

2005 Global Returns: A Visual Perspective

As another way of looking at global equity returns for 2005, we mapped the performance of each country's major index using colors.  Ninety-two percent of the countries posted gains, and Middle Eastern and Eastern European countries were up the most.  From a political perspective, it is interesting that Venezuela, Iran, and China were three of the four worst performing countries.

Globalmap_1 

2005countryreturns_1

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Comments

What is the basis for "market cap" used in this comparison? Is it the sum of all equity caps on all of the exchanges inside a single country? Is it based on local currencies or the USD?

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