Hungary quarterly economic dataset (Q1 2015–Q4 2024)

This dataset contains a quarterly macro-financial panel for Hungary covering the period Q1 2015–Q4 2024 (40 observations). It was constructed to support the empirical analysis in “Equity Risk Premium in Hungary’s Emerging Market: Evaluating Country Risk and Financial Dynamics” and is used to examine the drivers of Hungary’s equity risk premium (ERP).
The dataset includes the following variables: Equity Risk Premium (ERP), Expected Equity Return, GDP growth, inflation (CPI), short-term interest rate (Hungarian central bank base rate / 3-month benchmark), 10-year government bond yield, and the Global Volatility Index (VIX, quarterly average). All rates are expressed in percentage terms, while VIX is reported in index points.
The ERP is defined consistently with the empirical model as the difference between the expected equity return and the 10-year government bond yield (ERP = Expected Equity Return − 10Y Yield). Expected equity return is correspondingly constructed as the sum of ERP and the 10-year yield. This definitional relationship explains the strong valuation-based dynamics observed in the regression analysis.
Data were compiled from official and widely used sources, including the Hungarian Central Statistical Office (KSH), the Magyar Nemzeti Bank (MNB), the CBOE (VIX), and market-based calculations informed by Damodaran’s country risk framework. The dataset contains no missing values and is suitable for replication and further research on equity risk premia, sovereign risk, and valuation dynamics in emerging European markets.