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%).

  • 332@feddit.nu
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    2 months ago

    Nice implicit population visualization. Per capita might be more revealing.

  • cron@feddit.org
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    2 months ago

    Why is Greece abbreviated as EL and not GR? Seems to be a general EU thing.

    • Successful_Try543@feddit.org
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      2 months ago

      EL for Ελληνική Δημοκρατία is the official EU VAT abbreviation for Greece, though GR is used almost everywhere else.

    • macniel@feddit.org
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      2 months ago

      Seems to me that it’s the national country code just like DE for Germany, SE for Sweden and ES for Spain.

      • shadowtofu@discuss.tchncs.de
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        2 months ago

        But DE, SE, and ES are the official two-digit ISO 3166 country codes for Germany, Sweden, and Spain, respectively. The ISO 3166 country code for Greece is GR, not ES.

        However, el is the official ISO 639 language code for the Greek language (lowercase, not uppercase!). So for some reason, someone decided to use the uppercase Greek language code to denote the country of Greece. (the two-digit ISO 639 language code for Sweden is sv, so it’s not even consistent)

        As /u/Successful_Try543@feddit.org pointed out, they apparently use the VAT identification number for this image.

  • Nollij@sopuli.xyz
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    2 months ago

    I’m going to take a wild guess that this is also pretty close to the population share.

    • Melchior@feddit.org
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      2 months ago

      Soemwhat:

      Country Population(2024-01-01) Population(% of EU)
      Germany 83,445,000 18.6%
      France 68,402,000 15.2%
      Italy 58,989,700 13.1%
      Spain 48,610,500 10.8%
      Poland 36,621,000 8.2%
      Romania 19,064,400 4.2%
      Netherlands 17,942,900 4.0%
      Belgium 11,832,000 2.6%
      Czech Republic 10,900,600 2.4%
      Portugal 10,639,700 2.4%
      Sweden 10,551,700 2.3%
      Greece 10,397,200 2.3%
      Hungary 9,584,600 2.1%
      Austria 9,158,800 2.0%
      Bulgaria 6,445,500 1.4%
      Denmark 5,961,200 1.3%
      Finland 5,603,900 1.2%
      Slovakia 5,424,700 1.2%
      Ireland 5,343,800 1.2%
      Croatia 3,862,000 0.9%
      Lithuania 2,885,900 0.6%
      Slovenia 2,123,900 0.5%
      Latvia 1,871,900 0.4%
      Estonia 1,374,700 0.3%
      Cyprus 933,500 0.2%
      Luxembourg 672,100 0.1%
      Malta 563,400 0.1%
      European Union 449,206,600 100.0%

      Sauce: https://en.wikipedia.org/wiki/List_of_European_Union_member_states_by_population

      • Match!!@pawb.social
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        2 months ago

        ireland at 300%, I’m sure that shakes out in an equitable way that lets irish people live comfortable happy lives c:

    • Gollum@feddit.orgOP
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      2 months ago

      There are only 3 countries with a higher GDP than Germany, idk if this is a fair comparison.

      • polycephalum@lemmy.today
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        2 months ago

        As of 2024 only two thanks to the bad performance of Japan. But India will probably take Germany’s place in the near future.

        • JubilantJaguar@lemmy.world
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          2 months ago

          Not to disagree with your general point, but I think it would be progress if we got away from labelling low GDP growth as “bad”. GDP is one measure among many others, with plenty of weaknesses, not least that the competition for it is zero-sum and unsustainable. But it has become a fetish because economists. IMO if we’re going to obsess over a single metric, HDI is a much better candidate.

          • polycephalum@lemmy.today
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            2 months ago

            I fully agree. I didn’t intend to rate the GDP growth - English is not my first language. In hindsight “low” is a better discription of Japan’s GDP growth than “bad”. Thank you for your remark.

  • Cheradenine@sh.itjust.works
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    2 months ago

    Did someone move Poland? I get it’s generalized, but still most countries are more or less represented geographically first.

    • Loui@feddit.org
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      2 months ago

      I guess it was placed next to Czech republic an Germany and the German bubble moved Poland and the Baltics.