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The STOXX Country Classification frameworks use transparent methodology, which is consulted with market participants and industry practitioners to represent investable markets.


A rule-based criteria for the classification of a country as a developed or emerging market in the STOXX Country Classification Framework include variety of screens – for more details, please see STOXX Index Methodology Guide.


STOXX also offers STOXX WORLD Country Classification Framework, which is designed for global investors. It uses multiple different screens inclusive of restrictions on foreign investments and discretionary decisions when appropriate. For more details, please see STOXX World Equity Index Methodology Guide.


A formal reassessment of all country classifications is done annually in Q1, when a final classification assignment decision is made for each country. A public announcement of any classification changes resulting from the annual reassessment is released latest by April of each year. Implementation of the classification changes occurs with an index review in Q3 of the same year.


STOXX monitors information about countries throughout the year. In extreme situations, which include economic, infrastructure and political events, STOXX reserves the right to change its country classification intra annually to reflect such events. For example, in such rare events, a country may be deleted from developed or emerging markets if appropriate.


Published Files XLS PDF
Current Country Classification overview
Current STOXX World Country Classification overview
Results of the STOXX World Country Classification Review 2022-Q1
STOXX World Country Classification effective Sep. 19, 2022
Results of the STOXX Country Classification Review 2022-Q1
STOXX Regional Classification effective Sep. 19, 2022
Results of the STOXX Country Classification Review 2021-Q1
STOXX Regional Classification effective Sep. 20, 2021
Results of the STOXX Country Classification Review 2020-Q1
STOXX Regional Classification effective Sep. 21, 2020
Results of the STOXX Country Classification Review 2019-Q1
STOXX Regional Classification effective Sep. 23, 2019
Results of the STOXX Country Classification Review 2018-Q1
STOXX Regional Classification effective Sep. 24, 2018
Results of the STOXX Country Classification Review 2017-Q1
STOXX Regional Classification effective Sep. 18, 2017
Results of the STOXX Country Classification Review 2016-Q1
STOXX Regional Classification effective Sep. 19, 2016
Results of the STOXX Country Classification Review 2015-Q1
STOXX Regional Classification effective Sep. 21, 2015
Result of the STOXX Country Classification Review 2014-Q1
STOXX Regional Classification effective Sep. 22, 2014
STOXX updates rules on Country Classification
Results of the STOXX Country Classification Review Q1, 2013
STOXX introduces Market Classification Model and Emerging Markets Index