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%).

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[–] [email protected] 17 points 2 months ago (1 children)

Me struggling to find the UK like an idiot.

[–] [email protected] 1 points 2 months ago

It's the big white circle!

[–] [email protected] 9 points 2 months ago* (last edited 2 months ago) (1 children)

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

[–] [email protected] 5 points 2 months ago

Yes, it's basically just the first letters.

[+] [email protected] -6 points 2 months ago (3 children)

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.

[–] [email protected] 5 points 2 months ago* (last edited 2 months ago) (2 children)

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

[–] [email protected] 0 points 2 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.

[–] [email protected] -3 points 2 months ago

[–] [email protected] 3 points 2 months ago (1 children)

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.

[–] [email protected] 1 points 2 months ago

Uk 67 mil

Japan 123 mil

Greece 10 mil

[–] [email protected] 2 points 2 months ago* (last edited 2 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.