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.
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