60
Share of the European Union's GDP in 2023
(feddit.org)
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%).
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.
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
K
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.
Uk 67 mil
Japan 123 mil
Greece 10 mil
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.