What are current estimates of equity risk premiums (ERP) and risk-free rates around the world? In their April 2026 paper entitled "Survey: Market Risk Premium and Risk-Free Rate used for 97 countries in 2026", Pablo Fernandez, Amir Habibian and Lucia Acin summarize results of a March-April 2026 email survey of international finance and economic professors, analysts and company managers about the risk-free rate and the Market Risk Premium (MRP) used to calculate the required return to equity in different countries. Results are in local currencies. Based on 3,637 specific and credible premium estimates spanning 97 countries for which there are at least eight estimates, they find that:
Subscribe to Keep Reading
Get the research edge serious investors rely on.
- 1,200+ research articles
- Monthly strategy signals
- 20+ years of backtested analysis
Cancel anytime