The ECMI Statistical Package presents a comprehensive collection of the most relevant data on various segments of European and global capital markets. It enables users to trace trends so as to highlight the ongoing transformation of capital markets, including the structural changes brought about by competitive forces, innovation and regulation. It represents an important step towards overcoming the existing data fragmentation on the evolution of European capital markets by offering a ‘one-stop-shop’ for market participants, regulators, academics and students.
The 2024 version contains data on equity markets, debt securities, securitisation, covered bonds, exchange-traded and over-the-counter derivatives, asset management, mutual funds, insurance companies and pension funds, and global comparative data. Each table is associated with a corresponding illustrative figure, giving a visual overview of the most important trends. A user-friendly navigation is embedded in the programme allowing users to explore the comprehensive package in an easy and purposeful manner.
Highlights
Equity market
- The market capitalisation of listed companies in the EU-27 increased by 20 % in 2023.
- The capital raised through initial public offerings decreased fourfold in 2023 to EUR 5 billion.
- The number of listed exchange-traded funds (ETFs) in the EU-27 rose by 5 % to 10 000, but the total value of ETF trading declined marginally by 1 % to EUR 477 billion.
Debt securities
- The global amount of outstanding debt securities saw an increase in 2023, totalling EUR 124 trillion.
- Notional amounts of outstanding debt in the EU-27 grew in terms of value (+15 %) and GDP (standing at 141 % of GDP, plus 8 percentage points).
- The issuance of securitised products grew 5 % to EUR 213 billion in the EU-27, while in the US it fell by 38 % to EUR 1.3 trillion.
Exchange-traded derivatives
- The trading of interest rate derivatives (IRDs) in Europe rose (by 5 %) to EUR 582 trillion in 2023.
- Global trading in commodity derivatives increased (by 56 %) to EUR 285 trillion, while the number of contracts agreed also rose by 21 % to 10 billion.
Over-the-counter derivatives
- The notional amount of over-the-counter traded derivatives increased by 4.2 % in 2023 and the gross market value decreased by -16 %.
- Euro-denominated IRDs rose 20 % to EUR 171 trillion, representing 37 % of all contracts.
- At the end of 2023, 76 % of IRDs were cleared with central clearing counterparties.
Investment funds
- The number of undertakings for collective investment in transferable securities (UCITS) funds increased by 1 % (+249 UCITS) to 29 891, while the number of non-UCITS funds remained almost stable at 27 545 (+24 non-UCITS).
- The net assets of UCITS funds totalled EUR 11 trillion (+14 %), while those of non-UCITS reached EUR 7 trillion (+4 %).
- Equity and bond funds represented 31 % and 21 % respectively of the total EU-27 investment fund market in terms of net assets.
The statistical package is available free of charge for ECMI members, while non-members can purchase it by contacting Alice Orlandini at alice.orlandini@ceps.eu.
The ECMI Statistical Package retrieves, compiles and analyses data from publicly available sources and reports as follows: Section 1: WFE, FESE and trading venues; Section 2: BIS, ECB, ECBC, AFME, WFE, FESE and trading venues; Section 3: BIS, WFE, FESE and trading venues; Section 4: BIS and WFE; Section 5: EFAMA, OECD, Pensions Europe and Insurance Europe; Section 6 to 8: Eurostat, IMF and World Bank.