Share of the European Union's GDP in 2023

cross-posted to:
yurop@lemm.ee

Share of the European Union's GDP in 2023

Gollum to

EuropeEnglish · 3 months ago

cross-posted to:
yurop@lemm.ee

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

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