The best performing developed and emerging stock markets in 2019 were Russia (+41.1%), Greece (+39.8%), Egypt (+38.9%), Ireland (+35.1%), and New Zealand (+34.7%).
The best performing frontier stock markets in 2019 were Bahrain (+52.3%), Kenya (+40.3%), Panama (+34.9%), and Romania (+32.0%).
The worst performing developed and emerging stock markets in 2019 were Argentina (-22.7%), Chile (-18.6%, Poland (-8.2%), Malaysia (-5.2%), and Qatar (-4.5%).
The worst performing frontier stock markets in 2019 were Zimbabwe (-93.3%), Botswana (-60.9%), Lebanon (-50.0%), Nigeria (-21.8%), and Bangladesh (-18.5%).
These are all from MSCI country indices, in USD (so currency fluctuations matter). By comparison, the MSCI All Countries World Index (including frontier markets) was up +24.0% in 2019.
These aren't total return (including dividends), these are just the straight index gains or losses.
