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While Brazil is the most often talked about emerging country, Brazil´s Bovespa had the worst performance of all stock exchanges in the Americas in 2010. In percentages:
| Peru | 11,82 |
| Venezuela | 11,33 |
| Nasdaq (USA) | 8,46 |
| Chile | 7,93 |
| Colômbia | 7,85 |
| S&P 500 (USA) | 6,42 |
| Dow Jones (USA) | 5,57 |
| Argentina | 3,26 |
| México | 1,76 |
| Brasil | -1,54 |
The analysis is by Brazil´s Economatica. Bovespa´s return was heavily influenced by Petrobras, PBR, which declined after its IPO. Without the PBR effect, Bovespa would have returned 6%.
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