ESMA publishes first market capitalisation data for EU Member States
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has published today the annual market capitalisation and market capitalisation ratios of EU Member States for the reference years 2024 and 2025.
This publication marks the first implementation of ESMA’s mandate under the FASTER Directive, under which ESMA developed technical standards on the calculation methodology and is required to publish annual market capitalisation figures and ratios for EU Member States.
Countries whose market size exceeds 1.5% of the total EU market capitalisation for four consecutive years are subject to specific requirements related to withholding tax relief.
The data provides clarity on Member States’ position within the framework and helps authorities and market participants prepare for and implement these requirements in a timely manner.
Next steps
ESMA will continue to publish updated market capitalisation figures and ratios each year.
Further information:
Cristina Bonillo
Senior Communications Officer
press@esma.europa.eu