Share of the European Union's GDP in 2023 (feddit.org)

submitted 2 years ago by anzo@programming.dev to c/yurop@lemm.ee

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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%).

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[-] holgersson@lemm.ee 3 points 2 years 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.