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%).
TIL that Greece's abbreviation is EL. Short for Hellenic Republic in Greek I suppose.
Yes, it's basically just the first letters.