Survey: Market Risk Premium and Risk-Free Rate used for 54 countries in 2025

11 Pages Posted: 21 May 2025

See all articles by Pablo Fernandez

Pablo Fernandez

IESE Business School

Diego Garcia de la Garza

University of Navarra, IESE Business School

Lucía Fernández Acín

Independent

Date Written: May 19, 2025

Abstract

This paper contains the statistics of a survey about the Risk-Free Rate (RF) and the Market Risk Premium (MRP) used in 2025 for 54 countries. We got answers for 103 countries, but we only report the results for 54 countries with more than 6 answers. The paper also contains the links to previous years surveys, from 2008 to 2024.

Keywords: required equity premium, expected equity premium, risk-free rate, equity premium; required equity premium; expected equity premium; risk-free rate; market risk premium, equity premium; required equity premium; expected equity premium; risk-free rate; market risk premium

Suggested Citation

Fernandez, Pablo and Garcia de la Garza, Diego and Fernández Acín, Lucía, Survey: Market Risk Premium and Risk-Free Rate used for 54 countries in 2025 (May 19, 2025). IESE Business School Working Paper Forthcoming, Available at SSRN: https://ssrn.com/abstract=5260463 or http://dx.doi.org/10.2139/ssrn.5260463

Pablo Fernandez (Contact Author)

IESE Business School ( email )

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HOME PAGE: http://web.iese.edu/PabloFernandez/

Diego Garcia de la Garza

University of Navarra, IESE Business School ( email )

Lucía Fernández Acín

Independent ( email )

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