How much paid-in capital have ESM Members contributed?
The financial contribution of each ESM member to the ESM capital is based on the capital key of the European Central Bank (ECB). It reflects the respective country’s share in the total population and gross domestic product of the euro area. The ESM Members’ contribution keys, corresponding capital subscription, and amount of paid-in capital are as follows:
| ESM Member | Contribution key % | Capital subscription (€ billion) | Paid-in capital (€ billion) |
| Belgium | 3.4250 | 24.27 | 2.78 |
| Germany | 26.7402 | 189.45 | 21.65 |
| Estonia | 0.2527 | 1.79 | 0.20 |
| Ireland | 1.5684 | 11.11 | 1.27 |
| Greece | 2.7745 | 19.66 | 2.25 |
| Spain | 11.7256 | 83.08 | 9.50 |
| France | 20.0809 | 142.27 | 16.26 |
| Croatia | 0.5215 | 3.69 | 0.42 * |
| Italy | 17.6457 | 125.02 | 14.28 |
| Cyprus | 0.1933 | 1.37 | 0.16 |
| Latvia | 0.2732 | 1.93 | 0.22 |
| Lithuania | 0.4042 | 2.86 | 0.33 |
| Luxembourg | 0.2467 | 1.75 | 0.20 |
| Malta | 0.0892 | 0.63 | 0.07 |
| Netherlands | 5.6315 | 39.90 | 4.56 |
| Austria | 2.7418 | 19.42 | 2.22 |
| Portugal | 2.4716 | 17.52 | 2.00 |
| Slovakia | 0.9791 | 6.94 | 0.79 |
| Slovenia | 0.4643 | 3.29 | 0.37 |
| Finland | 1.7706 | 12.54 | 1.43 |
| Total | 100 | 708.46 | 80.97 |
* Croatia's paid-in capital subscription of €0.42 billion will be paid in five annual tranches from 2023 to 2028