As part of my process, I update my country and equity risk premiums across the world twice a year. In the following geo-chart, I have colour coded the equity risk premium for each of the 156 countries I analyse. These premiums range from 4.77% at the safest end to 22.01% at the riskiest end.
![](https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0c7073f3-73a4-4b48-99c2-a515a2b5ca94_1000x513.png)