The Top Top 10 Emerging Market Equity Returns in 2008 is shown below in this colorful chart from Lazard. Also listed below is the top 5 best and worst performing markets in 2008.

1.Top 10 Emerging Market Returns Chart (1993-2008):

Morocco, Colombia and Israel were the three top countries.

2. The Top 5 Best and Worst Performing Countries Chart (Click to Enlarge):

Last year Pakistan was the worst performer with a loss of 74%.

Source: Lazard