cross-posted from: https://feddit.org/post/2132293

Which member state contributed the most to EU GDP? And what does GDP actually mean?

Gross domestic product (GDP) is an indicator used to measure the size and performance of an economy. It provides information on the value of goods and services produced during a given period. Within the EU, GDP was valued at €17.0 trillion in 2023.

In 2023, slightly less than a quarter of the EU’s GDP was generated by Germany (24.3%), followed by France (16.5%) and Italy (12.3%), ahead of Spain (8.6%) and the Netherlands (6.1%).

  • imaqtpieA
    9·
    3 months ago

    TIL that Greece’s abbreviation is EL. Short for Hellenic Republic in Greek I suppose.

  • half_built_pyramids@lemmy.world
    17·
    3 months ago

    This shit is wild if you dig into it. DE has an advantage because they right in the middle and so their transport overhead is less, but GR is like a fuck thousand miles away.

    • br3d@lemmy.world
      72·
      3 months ago

      That shouldn’t affect GDP - after all, America is much further away and has a bigger GDP than any of these. Indeed, GDP being what it is (a rough measure of total economic activity) I suspect being far away from the hub, like Greece, would likely boost it: think of all the economic activity for your shipping and logistics businesses

      • lud@lemm.ee
        11·
        3 months ago

        I suspect being far away from the hub, like Greece, would likely boost it: think of all the economic activity for your shipping and logistics businesses

        Nah no way.

        The shipping and logistics would be way more profitable in the hubs like Germany and the Netherlands.

    • holgersson@lemm.ee
      3·
      3 months ago

      If being central is such a big advantage, how is it that countries like the UK and Japan (obviously not EU, but still) are in the same league as Germany while literally being islands bordering (nearly) no other countries.

    • jol@discuss.tchncs.de
      2·
      3 months ago

      On another note, this could have been a vague map of the size of countries in Europe, with a few outliers like Poland and Spain.