Average market risk premium in Turkey 2011-2024

Market risk premiums (MRP) measure the expected return on investment an investor looks to make. For potential investors looking to add to their portfolio, the perfect scenario for a risk-based investment would be a high rate of return with as small a risk as possible. There are three main concepts to MRP’s, including required market risk premiums, historical market risk premiums and expected market risk premiums. In 2023, average market risk premiums in Turkey increased from the previous year. Turkey has second-highest MRP in EuropeIn 2023, Turkey had the third-highest average market risk premium rates in Europe. That year, right above Turkey, Russia and Ukraine recorded the highest MRP rates in Europe. At the other end of the scale was Netherlands and Switzerland, whose market risk premiums averaged almost quarter of those seen in Ukraine. Risk-free ratesRisk-free rates are closely associated to market risk premiums and measure the rate of return on an investment with no risk. As there is no risk associated, the rate of return is lower than that of an MRP. Average risk-free rates across Europe were relatively low in 2023, with exceptions. The risk-free rate of investment in Turkey in 2023 was 14.4 percent.

市场风险溢价（MRP）衡量投资者期望的投资回报率。对于有意增加其投资组合的潜在投资者而言，基于风险的理想投资情境应实现高回报率的同时尽可能降低风险。市场风险溢价（MRP）包含三个主要概念，即必要市场风险溢价、历史市场风险溢价和预期市场风险溢价。2023年，土耳其的平均市场风险溢价较上年有所上升。在欧洲，土耳其的市场风险溢价位居第二高。同年，土耳其之上，俄罗斯和乌克兰记录了欧洲最高的市场风险溢价率。在风险溢价率的另一端，荷兰和瑞士的市场风险溢价平均仅为乌克兰的四分之一。无风险利率与市场风险溢价密切相关，衡量的是无风险投资回报率。由于不存在风险，其回报率低于市场风险溢价。2023年，欧洲的平均无风险利率相对较低，但存在例外。当年，土耳其的无风险投资回报率为14.4%。