this post was submitted on 22 Aug 2024
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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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[–] 332@feddit.nu 15 points 3 weeks ago

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

[–] cron 6 points 3 weeks ago (3 children)

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

[–] TheGrandNagus@lemmy.world 24 points 3 weeks ago

Because Greece is "Ellas" in Greek, when transliterated.

[–] Successful_Try543 14 points 3 weeks ago* (last edited 3 weeks ago)

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

[–] DmMacniel 9 points 3 weeks ago* (last edited 3 weeks ago) (2 children)

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 8 points 3 weeks ago* (last edited 3 weeks 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.

[–] MBM@lemmings.world 3 points 3 weeks ago

Now I wonder why it's still HU and FI

[–] Nollij@sopuli.xyz 5 points 3 weeks ago (1 children)

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

[–] Melchior 15 points 3 weeks ago (1 children)

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 3 points 3 weeks ago

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

[–] daddy32@lemmy.world 4 points 3 weeks ago

Hungary is so small yet so troublesome.

[–] lemmytellyousomething@lemmy.dbzer0.com 3 points 3 weeks ago (1 children)

Would have been funny to add Russia, which has a smaller GDP than Germany...

[–] genfood 8 points 3 weeks ago (1 children)

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

[–] polycephalum@lemmy.today 2 points 3 weeks ago (1 children)

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 5 points 2 weeks ago* (last edited 2 weeks ago) (1 children)

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 2 points 2 weeks ago* (last edited 2 weeks 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 2 points 3 weeks ago (1 children)

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

[–] Loui 1 points 2 weeks ago

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