How much paid-in capital have ESM Members contributed?

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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 (€ 000)	Paid-in capital (€ 000)
Belgium	3.4250	24,266,200	2,773,280
Germany	26.7402	189,452,800	21,651,750
Estonia	0.2527	1,790,700	204,650
Ireland	1.5684	11,111,700	1,269,910
Greece	2.7745	19,657,300	2,246,550
Spain	11.7256	83,075,000	9,494,290
France	20.0809	142,272,000	16,259,660
Croatia	0.5215	3,695,000	422,290
Italy	17.6457	125,018,700	14,287,850
Cyprus	0.1933	1,369,600	156,530
Latvia	0.2732	1,935,300	221,200
Lithuania	0.4042	2,863,400	327,200
Luxembourg	0.2467	1,747,700	199,740
Malta	0.0892	632,300	72,260
Netherlands	5.6315	39,898,800	4,559,860
Austria	2.7418	19,425,200	2,220,020
Portugal	2.4716	17,511,400	2,001,300
Slovenia	0.4643	3,289,400	375,930
Slovakia	0.9791	6,936,900	792,790
Finland	1.7706	12,544,300	1,433,630
Total	100	708,493,700	80,970,690

N.B. Croatia's paid-in capital subscription of €0.42 billion will be paid in five annual tranches from 2023 to 2028