NOTE: Exchange rate movement (m-o-m, in %) denotes the percentage month-on-month change in the exchange rate of the national currencies with respect to dollar in the last month. Negative values indicate depreciation.
Stock market capitalization (m-o-m, in %) denotes the percentage month-on-month change in the aggregate market value of all stocks traded in the economy, as reported by Bloomberg.
CPI Inflation is scored based on the deviation from zero. Inflation closer to zero is scored higher. High negative or positive inflation is scored lower.
Export growth has been computed in terms of y-o-y % change in dollar values of exports for each economy.
The purchasing managers' index (PMI) manufacturing data compiled by IHS Markit is a weighted average of five indices: new orders (30%), output (25%), employment (20%), suppliers' delivery times (15%) and stocks of purchases (10%). A PMI reading above 50 indicates expansion in manufacturing activity, whereas a reading below 50 indicates contraction.
The composite index score is an equally weighted average of normalized scores for each of the indicators. In calculating the normalized scores, the best-performing economy's value on any one parameter (say PMI) is taken as 100 and relative scores are derived based on the distance of each economy from that score.
The closest comparable periods have been considered for all economies. For real GDP growth, all countries except Russia have reported data for December 2020. For other indicators, data is as of February, and where that is unavailable, it's as of January.
*Scores for earlier months are revised each month based on new data updates and estimate revisions.
Source: Bloomberg, Mint calculation
All data as of 22 March 2021