Editing Template:ERPs by country

{| class="wikitable sortable"
!Country
!Africa
!Moody's  rating
!Rating-based Default Spread
!Total Equity Risk Premium
!Country Risk Premium
!Sovereign CDS, net of US
!Total Equity Risk Premium2
!Country Risk Premium3
|-
|Abu Dhabi
|Middle East
|Aa2
|0.42%
|4.73%
|0.49%
|0.58%
|4.91%
|0.67%
|-
|Albania
|Eastern  Europe & Russia
|B1
|3.83%
|8.69%
|4.45%
|NA
|NA
|NA
|-
|Andorra (Principality of)
|Western Europe
|Baa2
|1.62%
|6.12%
|1.88%
|NA
|NA
|NA
|-
|Angola
|Africa
|B3
|5.53%
|10.67%
|6.43%
|5.75%
|10.92%
|6.68%
|-
|Argentina
|Central and South America
|Ca
|10.21%
|16.11%
|11.87%
|23.13%
|31.12%
|26.88%
|-
|Armenia
|Eastern  Europe & Russia
|Ba3
|3.06%
|7.80%
|3.56%
|NA
|NA
|NA
|-
|Aruba
|Caribbean
|Baa2
|1.62%
|6.12%
|1.88%
|NA
|NA
|NA
|-
|Australia
|Australia  & New Zealand
|Aaa
|0.00%
|4.24%
|0.00%
|0.04%
|4.29%
|0.05%
|-
|Austria
|Western Europe
|Aa1
|0.34%
|4.63%
|0.39%
|0.00%
|4.24%
|0.00%
|-
|Azerbaijan
|Eastern  Europe & Russia
|Ba2
|2.56%
|7.21%
|2.97%
|NA
|NA
|NA
|-
|Bahamas
|Caribbean
|Ba3
|3.06%
|7.80%
|3.56%
|NA
|NA
|NA
|-
|Bahrain
|Middle  East
|B2
|4.68%
|9.68%
|5.44%
|3.21%
|7.97%
|3.73%
|-
|Bangladesh
|Asia
|Ba3
|3.06%
|7.80%
|3.56%
|NA
|NA
|NA
|-
|Barbados
|Caribbean
|Caa1
|6.38%
|11.65%
|7.41%
|NA
|NA
|NA
|-
|Belarus
|Eastern Europe & Russia
|B3
|5.53%
|10.67%
|6.43%
|NA
|NA
|NA
|-
|Belgium
|Western  Europe
|Aa3
|0.51%
|4.84%
|0.60%
|0.02%
|4.26%
|0.02%
|-
|Belize
|Central and South America
|Caa3
|8.51%
|14.13%
|9.89%
|NA
|NA
|NA
|-
|Benin
|Africa
|B1
|3.83%
|8.69%
|4.45%
|NA
|NA
|NA
|-
|Bermuda
|Caribbean
|A2
|0.72%
|5.08%
|0.84%
|NA
|NA
|NA
|-
|Bolivia
|Central  and South America
|B2
|4.68%
|9.68%
|5.44%
|NA
|NA
|NA
|-
|Bosnia and Herzegovina
|Eastern Europe & Russia
|B3
|5.53%
|10.67%
|6.43%
|NA
|NA
|NA
|-
|Botswana
|Africa
|A3
|1.02%
|5.43%
|1.19%
|NA
|NA
|NA
|-
|Brazil
|Central and South America
|Ba2
|2.56%
|7.21%
|2.97%
|2.72%
|7.40%
|3.16%
|-
|Bulgaria
|Eastern  Europe & Russia
|Baa1
|1.36%
|5.82%
|1.58%
|0.62%
|4.96%
|0.72%
|-
|Burkina Faso
|Africa
|B2
|4.68%
|9.68%
|5.44%
|NA
|NA
|NA
|-
|Cambodia
|Asia
|B2
|4.68%
|9.68%
|5.44%
|NA
|NA
|NA
|-
|Cameroon
|Africa
|B2
|4.68%
|9.68%
|5.44%
|3.37%
|8.16%
|3.92%
|-
|Canada
|North  America
|Aaa
|0.00%
|4.24%
|0.00%
|0.09%
|4.34%
|0.10%
|-
|Cape Verde
|Africa
|B3
|5.53%
|10.67%
|6.43%
|NA
|NA
|NA
|-
|Cayman  Islands
|Caribbean
|Aa3
|0.51%
|4.84%
|0.60%
|NA
|NA
|NA
|-
|Chile
|Central and South America
|A1
|0.60%
|4.94%
|0.70%
|1.06%
|5.47%
|1.23%
|-
|China
|Asia
|A1
|0.60%
|4.94%
|0.70%
|0.55%
|4.88%
|0.64%
|-
|Colombia
|Central and South America
|Baa2
|1.62%
|6.12%
|1.88%
|2.58%
|7.24%
|3.00%
|-
|Congo  (Democratic Republic of)
|Africa
|Caa1
|6.38%
|11.65%
|7.41%
|NA
|NA
|NA
|-
|Congo (Republic of)
|Africa
|Caa2
|7.66%
|13.14%
|8.90%
|NA
|NA
|NA
|-
|Cook  Islands
|Australia  & New Zealand
|B1
|3.83%
|8.69%
|4.45%
|NA
|NA
|NA
|-
|Costa Rica
|Central and South America
|B2
|4.68%
|9.68%
|5.44%
|3.73%
|8.58%
|4.34%
|-
|Côte  d'Ivoire
|Africa
|Ba3
|3.06%
|7.80%
|3.56%
|NA
|NA
|NA
|-
|Croatia
|Eastern Europe & Russia
|Ba1
|2.13%
|6.71%
|2.47%
|0.92%
|5.31%
|1.07%
|-
|Cuba
|Caribbean
|Ca
|10.21%
|16.11%
|11.87%
|NA
|NA
|NA
|-
|Curacao
|Caribbean
|Baa2
|1.62%
|6.12%
|1.88%
|NA
|NA
|NA
|-
|Cyprus
|Western  Europe
|Ba1
|2.13%
|6.71%
|2.47%
|0.55%
|4.88%
|0.64%
|-
|Czech Republic
|Eastern Europe & Russia
|Aa3
|0.51%
|4.84%
|0.60%
|0.28%
|4.57%
|0.33%
|-
|Denmark
|Western  Europe
|Aaa
|0.00%
|4.24%
|0.00%
|0.00%
|4.24%
|0.00%
|-
|Dominican Republic
|Caribbean
|Ba3
|3.06%
|7.80%
|3.56%
|NA
|NA
|NA
|-
|Ecuador
|Central  and South America
|Caa3
|8.51%
|14.13%
|9.89%
|7.38%
|12.82%
|8.58%
|-
|Egypt
|Africa
|B2
|4.68%
|9.68%
|5.44%
|5.55%
|10.69%
|6.45%
|-
|El  Salvador
|Central  and South America
|Caa1
|6.38%
|11.65%
|7.41%
|18.14%
|25.32%
|21.08%
|-
|Estonia
|Eastern Europe & Russia
|A1
|0.60%
|4.94%
|0.70%
|0.66%
|5.01%
|0.77%
|-
|Ethiopia
|Africa
|Caa2
|7.66%
|13.14%
|8.90%
|20.21%
|27.73%
|23.49%
|-
|Fiji
|Asia
|B1
|3.83%
|8.69%
|4.45%
|NA
|NA
|NA
|-
|Finland
|Western  Europe
|Aa1
|0.34%
|4.63%
|0.39%
|0.01%
|4.25%
|0.01%
|-
|France
|Western Europe
|Aa2
|0.42%
|4.73%
|0.49%
|0.15%
|4.41%
|0.17%
|-
|Gabon
|Africa
|Caa1
|6.38%
|11.65%
|7.41%
|NA
|NA
|NA
|-
|Georgia
|Eastern Europe & Russia
|Ba2
|2.56%
|7.21%
|2.97%
|NA
|NA
|NA
|-
|Germany
|Western  Europe
|Aaa
|0.00%
|4.24%
|0.00%
|0.00%
|4.24%
|0.00%
|-
|Ghana
|Africa
|B3
|5.53%
|10.67%
|6.43%
|NA
|NA
|NA
|-
|Greece
|Western  Europe
|Ba3
|3.06%
|7.80%
|3.56%
|1.50%
|5.98%
|1.74%
|-
|Guatemala
|Central and South America
|Ba1
|2.13%
|6.71%
|2.47%
|NA
|NA
|NA
|-
|Guernsey  (States of)
|Western  Europe
|Aa3
|0.51%
|4.84%
|0.60%
|NA
|NA
|NA
|-
|Honduras
|Central and South America
|B1
|3.83%
|8.69%
|4.45%
|NA
|NA
|NA
|-
|Hong  Kong
|Asia
|Aa3
|0.51%
|4.84%
|0.60%
|0.22%
|4.50%
|0.26%
|-
|Hungary
|Eastern Europe & Russia
|Baa2
|1.62%
|6.12%
|1.88%
|0.50%
|4.82%
|0.58%
|-
|Iceland
|Western  Europe
|A2
|0.72%
|5.08%
|0.84%
|0.54%
|4.87%
|0.63%
|-
|India
|Asia
|Baa3
|1.87%
|6.42%
|2.18%
|1.25%
|5.69%
|1.45%
|-
|Indonesia
|Asia
|Baa2
|1.62%
|6.12%
|1.88%
|1.17%
|5.60%
|1.36%
|-
|Iraq
|Middle East
|Caa1
|6.38%
|11.65%
|7.41%
|5.44%
|10.56%
|6.32%
|-
|Ireland
|Western  Europe
|A2
|0.72%
|5.08%
|0.84%
|0.08%
|4.33%
|0.09%
|-
|Isle of Man
|Western Europe
|Aa3
|0.51%
|4.84%
|0.60%
|NA
|NA
|NA
|-
|Israel
|Middle  East
|A1
|0.60%
|4.94%
|0.70%
|0.53%
|4.86%
|0.62%
|-
|Italy
|Western Europe
|Baa3
|1.87%
|6.42%
|2.18%
|1.22%
|5.66%
|1.42%
|-
|Jamaica
|Caribbean
|B2
|4.68%
|9.68%
|5.44%
|NA
|NA
|NA
|-
|Japan
|Asia
|A1
|0.60%
|4.94%
|0.70%
|0.14%
|4.40%
|0.16%
|-
|Jersey  (States of)
|Western  Europe
|Aaa
|0.00%
|4.24%
|0.00%
|NA
|NA
|NA
|-
|Jordan
|Middle East
|B1
|3.83%
|8.69%
|4.45%
|NA
|NA
|NA
|-
|Kazakhstan
|Eastern  Europe & Russia
|Baa2
|1.62%
|6.12%
|1.88%
|0.80%
|5.17%
|0.93%
|-
|Kenya
|Africa
|B2
|4.68%
|9.68%
|5.44%
|4.25%
|9.18%
|4.94%
|-
|Korea
|Asia
|Aa2
|0.42%
|4.73%
|0.49%
|0.16%
|4.43%
|0.19%
|-
|Kuwait
|Middle East
|A1
|0.60%
|4.94%
|0.70%
|0.67%
|5.02%
|0.78%
|-
|Kyrgyzstan
|Eastern  Europe & Russia
|B2
|4.68%
|9.68%
|5.44%
|NA
|NA
|NA
|-
|Laos
|Asia
|Caa2
|7.66%
|13.14%
|8.90%
|NA
|NA
|NA
|-
|Latvia
|Eastern  Europe & Russia
|A3
|1.02%
|5.43%
|1.19%
|0.55%
|4.88%
|0.64%
|-
|Lebanon
|Middle East
|C
|17.50%
|24.58%
|20.34%
|NA
|NA
|NA
|-
|Liechtenstein
|Western  Europe
|Aaa
|0.00%
|4.24%
|0.00%
|NA
|NA
|NA
|-
|Lithuania
|Eastern Europe & Russia
|A2
|0.72%
|5.08%
|0.84%
|0.60%
|4.94%
|0.70%
|-
|Luxembourg
|Western  Europe
|Aaa
|0.00%
|4.24%
|0.00%
|NA
|NA
|NA
|-
|Macao
|Asia
|Aa3
|0.51%
|4.84%
|0.60%
|NA
|NA
|NA
|-
|Macedonia
|Eastern  Europe & Russia
|Ba3
|3.06%
|7.80%
|3.56%
|NA
|NA
|NA
|-
|Malaysia
|Asia
|A3
|1.02%
|5.43%
|1.19%
|0.62%
|4.96%
|0.72%
|-
|Maldives
|Asia
|Caa1
|6.38%
|11.65%
|7.41%
|NA
|NA
|NA
|-
|Mali
|Africa
|Caa1
|6.38%
|11.65%
|7.41%
|NA
|NA
|NA
|-
|Malta
|Western  Europe
|A2
|0.72%
|5.08%
|0.84%
|NA
|NA
|NA
|-
|Mauritius
|Africa
|Baa2
|1.62%
|6.12%
|1.88%
|NA
|NA
|NA
|-
|Mexico
|Central  and South America
|Baa1
|1.36%
|5.82%
|1.58%
|1.39%
|5.86%
|1.62%
|-
|Moldova
|Eastern Europe & Russia
|B3
|5.53%
|10.67%
|6.43%
|NA
|NA
|NA
|-
|Mongolia
|Asia
|B3
|5.53%
|10.67%
|6.43%
|NA
|NA
|NA
|-
|Montenegro
|Eastern Europe & Russia
|B1
|3.83%
|8.69%
|4.45%
|NA
|NA
|NA
|-
|Montserrat
|Caribbean
|Baa3
|1.87%
|6.42%
|2.18%
|NA
|NA
|NA
|-
|Morocco
|Africa
|Ba1
|2.13%
|6.71%
|2.47%
|1.13%
|5.55%
|1.31%
|-
|Mozambique
|Africa
|Caa2
|7.66%
|13.14%
|8.90%
|NA
|NA
|NA
|-
|Namibia
|Africa
|Ba3
|3.06%
|7.80%
|3.56%
|NA
|NA
|NA
|-
|Netherlands
|Western  Europe
|Aaa
|0.00%
|4.24%
|0.00%
|0.00%
|4.24%
|0.00%
|-
|New Zealand
|Australia & New Zealand
|Aaa
|0.00%
|4.24%
|0.00%
|0.02%
|4.26%
|0.02%
|-
|Nicaragua
|Central  and South America
|B3
|5.53%
|10.67%
|6.43%
|4.17%
|9.09%
|4.85%
|-
|Niger
|Africa
|B3
|5.53%
|10.67%
|6.43%
|NA
|NA
|NA
|-
|Nigeria
|Africa
|B2
|4.68%
|9.68%
|5.44%
|5.34%
|10.45%
|6.21%
|-
|Norway
|Western Europe
|Aaa
|0.00%
|4.24%
|0.00%
|0.00%
|4.24%
|0.00%
|-
|Oman
|Middle  East
|Ba3
|3.06%
|7.80%
|3.56%
|3.00%
|7.73%
|3.49%
|-
|Pakistan
|Asia
|B3
|5.53%
|10.67%
|6.43%
|3.48%
|8.28%
|4.04%
|-
|Panama
|Central  and South America
|Baa2
|1.62%
|6.12%
|1.88%
|1.07%
|5.48%
|1.24%
|-
|Papua New Guinea
|Asia
|B2
|4.68%
|9.68%
|5.44%
|NA
|NA
|NA
|-
|Paraguay
|Central  and South America
|Ba1
|2.13%
|6.71%
|2.47%
|NA
|NA
|NA
|-
|Peru
|Central and South America
|Baa1
|1.36%
|5.82%
|1.58%
|1.12%
|5.54%
|1.30%
|-
|Philippines
|Asia
|Baa2
|1.62%
|6.12%
|1.88%
|0.73%
|5.09%
|0.85%
|-
|Poland
|Eastern Europe & Russia
|A2
|0.72%
|5.08%
|0.84%
|0.49%
|4.81%
|0.57%
|-
|Portugal
|Western  Europe
|Baa2
|1.62%
|6.12%
|1.88%
|0.37%
|4.67%
|0.43%
|-
|Qatar
|Middle East
|Aa3
|0.51%
|4.84%
|0.60%
|0.55%
|4.88%
|0.64%
|-
|Ras  Al Khaimah (Emirate of)
|Middle  East
|A3
|1.02%
|5.43%
|1.19%
|NA
|NA
|NA
|-
|Romania
|Eastern Europe & Russia
|Baa3
|1.87%
|6.42%
|2.18%
|1.05%
|5.46%
|1.22%
|-
|Russia
|Eastern  Europe & Russia
|Baa3
|1.87%
|6.42%
|2.18%
|1.51%
|6.00%
|1.76%
|-
|Rwanda
|Africa
|B2
|4.68%
|9.68%
|5.44%
|3.17%
|7.92%
|3.68%
|-
|Saudi  Arabia
|Middle  East
|A1
|0.60%
|4.94%
|0.70%
|0.69%
|5.04%
|0.80%
|-
|Senegal
|Africa
|Ba3
|3.06%
|7.80%
|3.56%
|2.47%
|7.11%
|2.87%
|-
|Serbia
|Eastern  Europe & Russia
|Ba2
|2.56%
|7.21%
|2.97%
|1.18%
|5.61%
|1.37%
|-
|Sharjah
|Middle East
|Baa3
|1.87%
|6.42%
|2.18%
|NA
|NA
|NA
|-
|Singapore
|Asia
|Aaa
|0.00%
|4.24%
|0.00%
|NA
|NA
|NA
|-
|Slovakia
|Eastern Europe & Russia
|A2
|0.72%
|5.08%
|0.84%
|0.44%
|4.75%
|0.51%
|-
|Slovenia
|Eastern  Europe & Russia
|A3
|1.02%
|5.43%
|1.19%
|0.68%
|5.03%
|0.79%
|-
|Solomon Islands
|Asia
|Caa1
|6.38%
|11.65%
|7.41%
|NA
|NA
|NA
|-
|South  Africa
|Africa
|Ba2
|2.56%
|7.21%
|2.97%
|2.66%
|7.33%
|3.09%
|-
|Spain
|Western Europe
|Baa1
|1.36%
|5.82%
|1.58%
|0.41%
|4.72%
|0.48%
|-
|Sri  Lanka
|Asia
|Caa2
|7.66%
|13.14%
|8.90%
|19.50%
|26.90%
|22.66%
|-
|St. Maarten
|Caribbean
|Ba2
|2.56%
|7.21%
|2.97%
|NA
|NA
|NA
|-
|St.  Vincent & the Grenadines
|Caribbean
|B3
|5.53%
|10.67%
|6.43%
|NA
|NA
|NA
|-
|Suriname
|Central and South America
|Caa3
|8.51%
|14.13%
|9.89%
|NA
|NA
|NA
|-
|Swaziland
|Africa
|B3
|5.53%
|10.67%
|6.43%
|NA
|NA
|NA
|-
|Sweden
|Western Europe
|Aaa
|0.00%
|4.24%
|0.00%
|0.00%
|4.24%
|0.00%
|-
|Switzerland
|Western  Europe
|Aaa
|0.00%
|4.24%
|0.00%
|0.00%
|4.24%
|0.00%
|-
|Taiwan
|Asia
|Aa3
|0.51%
|4.84%
|0.60%
|NA
|NA
|NA
|-
|Tajikistan
|Eastern  Europe & Russia
|B3
|5.53%
|10.67%
|6.43%
|NA
|NA
|NA
|-
|Tanzania
|Africa
|B2
|4.68%
|9.68%
|5.44%
|NA
|NA
|NA
|-
|Thailand
|Asia
|Baa1
|1.36%
|5.82%
|1.58%
|0.33%
|4.62%
|0.38%
|-
|Togo
|Africa
|B3
|5.53%
|10.67%
|6.43%
|NA
|NA
|NA
|-
|Trinidad  and Tobago
|Caribbean
|Ba2
|2.56%
|7.21%
|2.97%
|NA
|NA
|NA
|-
|Tunisia
|Africa
|Caa1
|6.38%
|11.65%
|7.41%
|8.63%
|14.27%
|10.03%
|-
|Turkey
|Western  Europe
|B2
|4.68%
|9.68%
|5.44%
|5.32%
|10.42%
|6.18%
|-
|Turks and Caicos Islands
|Caribbean
|Baa1
|1.36%
|5.82%
|1.58%
|NA
|NA
|NA
|-
|Uganda
|Africa
|B2
|4.68%
|9.68%
|5.44%
|NA
|NA
|NA
|-
|Ukraine
|Eastern Europe & Russia
|B3
|5.53%
|10.67%
|6.43%
|5.98%
|11.19%
|6.95%
|-
|United  Arab Emirates
|Middle  East
|Aa2
|0.42%
|4.73%
|0.49%
|NA
|NA
|NA
|-
|United Kingdom
|Western Europe
|Aa3
|0.51%
|4.84%
|0.60%
|0.00%
|4.24%
|0.00%
|-
|United  States
|North  America
|Aaa
|0.00%
|4.24%
|0.00%
|0.00%
|4.24%
|0.00%
|-
|Uruguay
|Central and South America
|Baa2
|1.62%
|6.12%
|1.88%
|1.27%
|5.72%
|1.48%
|-
|Uzbekistan
|Eastern Europe & Russia
|B1
|3.83%
|8.69%
|4.45%
|NA
|NA
|NA
|-
|Venezuela
|Central and South  America
|C
|17.50%
|24.58%
|20.34%
|NA
|NA
|NA
|-
|Vietnam
|Asia
|Ba3
|3.06%
|7.80%
|3.56%
|1.37%
|5.83%
|1.59%
|-
|Zambia
|Africa
|Ca
|10.21%
|16.11%
|11.87%
|NA
|NA
|NA
|}
{| class="wikitable"
| colspan="5" |Frontier Markets (no sovereign ratings)
|-
!Country
!PRS Composite Risk  Score
!ERP
!CRP
!Default Spread
|-
|Algeria
|62.25
|10.67%
|6.43%
|5.53%
|-
|Brunei
|79
|5.08%
|0.84%
|0.72%
|-
|Gambia
|65.75
|9.68%
|5.44%
|4.68%
|-
|Guinea
|57.5
|13.14%
|8.90%
|7.66%
|-
|Guinea-Bissau
|62.75
|10.67%
|6.43%
|5.53%
|-
|Guyana
|66.25
|8.69%
|4.45%
|3.83%
|-
|Haiti
|56.25
|14.13%
|9.89%
|8.51%
|-
|Iran
|63.75
|10.67%
|6.43%
|5.53%
|-
|Korea, D.P.R.
|51.5
|16.11%
|11.87%
|10.21%
|-
|Liberia
|59
|13.14%
|8.90%
|7.66%
|-
|Libya
|66.25
|8.69%
|4.45%
|3.83%
|-
|Madagascar
|63.5
|10.67%
|6.43%
|5.53%
|-
|Malawi
|59.75
|13.14%
|8.90%
|7.66%
|-
|Myanmar
|53
|16.11%
|11.87%
|10.21%
|-
|Sierra Leone
|57
|14.13%
|9.89%
|8.51%
|-
|Somalia
|51.5
|16.11%
|11.87%
|10.21%
|-
|Sudan
|36.25
|24.58%
|20.34%
|17.50%
|-
|Syria
|45.5
|24.58%
|20.34%
|17.50%
|-
|Yemen, Republic
|52.75
|16.11%
|11.87%
|10.21%
|-
|Zimbabwe
|61
|11.65%
|7.41%
|6.38%
|}