The Euro 2016 football championships got underway in France this weekend.
24 teams from across the continent will battle it out over the next four weeks to be crowned the finest international football team in Europe.
Football database website Transfermarkt has ranked the participating nations by how valuable their squads are. This was calculated by adding together the market values of every individual player in each squad.
The value of each player was worked out by taking into account their recent performances, consistency, and potential, as well their international experience and marketability.
Host nation France are in the top 13, as are perennial disappointments England.
Scroll down to find out the most valuable squads that will be taking to the field over the next few weeks.
13. Russia
Market value: $146.5 million
Manager: Leonid Slutsky
Most valuable player: Oleg Shavtov, midfielder — $15.8 million
12. Wales
Market value: $183 million
Manager: Chris Coleman
Most valuable player: Gareth Bale, forward — $90.4 million
11. Switzerland
Market value: $188 million
Manager: Vladimir Petkovic
Most valuable player: Granit Xhaka, midfielder — $38.7 million
10. Turkey
Market value: $196 million
Manager: Fatih Terim
Most valuable player: Arda Turan, attacking midfielder — $34.4 million
9. Poland
Market value: $208 million
Manager: Adam Nawałka
Most valuable player: Robert Lewandowski, forward — $84.6 million
8. Italy
Market value: $283 million
Manager: Antonio Conte
Most valuable player: Leonardo Bonucci, defender — $34.4 million
7. Croatia
Market value: $309.5 million
Manager: Ante Cacic
Most valuable player: Luke Modric, midfielder — $56 million
6. Portugal
Market value: $380 million
Manager: Fernando Santos
Most valuable player: Cristiano Ronaldo, forward — $124.1 million
5. Belgium
Market value: $503 million
Manager: Marc Wilmots
Most valuable player: Eden Hazard, winger — $73.2 million
4. England
Market value: $511 million
Manager: Roy Hodgson
Most valuable player: Raheem Sterling, winger — $50.2 million
3. France
Market value: $523 million
Manager: Didier Deschamps
Most valuable player: Paul Pogba, midfielder — $78.9 million
2. Germany
Market value: $625 million
Manager: Joachim Low
Most valuable player: Thomas Muller, forward — $84.6 million
1. Spain
Market value: $636 million
Manager: Vicente Del Bosque
Most valuable player: Sergio Busquets, midfielder — $67.4 million
Read more:
The 17 most valuable footballers taking part in Euro 2016
The 19 richest football clubs in the world
