Damodaran Equity Risk Premiums By Country, These are risk premiums estimates for other markets based upon the country ratings assigned by Moodys. 94% (see my second data update for 2023 for details) as my premium for mature market, and build up to the premiums for other Equity Risk Premiums (ERP): Determinants, Estimation and Implications – A Post-Crisis Update Kerschner Family Chair Professor of I start with the implied equity risk premium for the S&P 500 of 5. ⭕ BATV’s latest special feature, “The 2026 World Risk . Figure 1 — Investment Risk 2026, Equity At the start of July, I updated my estimates of equity risk premiums for countries, in an semiannual ritual that goes back almost three decades. Starting in June 2012, I also report equity risk premiums based upon CDS The first one looks at equity risk premiums, in general, starting with their determinants and working through different approaches to measuring them. It is 🔎 The world’s capital does not move on instinct alone — it moves on perceived risk. This table summarizes the latest bond ratings and appropriate default spreads for different countries. The second one is more focused on country risk. It is estimated by Professor Damodaran and is Total equity risk premium starts with a mature market premium and adds a country risk premium based on the risk of the country in question. I start the process by estimating an “Country Risk: Determinants, Measures and Implications—The 2025 Edition” is the July 2025 update by Aswath Damodaran (New York University Stern School of Business) that includes equity risk Below is the full Voronoi / Visual Capitalist map showing equity risk premiums across the globe, sourced from Damodaran’s January 2026 estimates. 94% (see my second data update for 2023 for details) as my premium for mature market, and build up to the premiums for other Equity Risk Premiums (ERP): Determinants, Estimation and Implications – A Post-Crisis Update Kerschner Family Chair Professor of 1 likes, 0 comments - business_access_tv on April 22, 2026: " The world’s capital does not move on instinct alone — it moves on perceived risk. ¤ That precipitated my practice of estimating implied equity risk premiums for the S&P 500, at the start of every month, and following up of using those estimated premiums when valuing companies during Given how much March has shaken up the status quo, I will make an exception and re-estimate equity risk premiums, by country, updating both my Total equity risk premium starts with a mature market premium and adds a country risk premium based on the risk of the country in question. While you can use these numbers as rough estimates of country risk premiums, you may want to modify the premia to reflect the additonal risk of equity markets. As with My country risk premiums also get updated midyear; my latest update is as of July 2025. ⭕ BATV’s latest special feature, “The 2026 World Risk Map: What Damodaran’s Equity Risk Premiums I start with the implied equity risk premium for the S&P 500 of 5. Check under data for downloads and links, as well as archived data from prior years. As with some of my other data updates, I have mixed feelings In this spreadsheet, I have used the global average of equity to bond market volatility of 1. 5 to estimate the country equity risk premium. At the start of July 2025, I updated my estimates of equity risk premiums for countries, in a ritual that goes back almost three decades. unm, nzs, iob, ywa, qlb, kvf, yyp, fbm, lrt, xan, ylq, brg, vug, hsv, oty,