this post was submitted on 22 Aug 2024
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Share of the European Union's GDP in 2023 (feddit.org)
submitted 7 months 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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[–] br3d@lemmy.world 6 points 7 months ago* (last edited 7 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

[–] lud@lemm.ee 0 points 7 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.