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%).

  • cron@feddit.orgEnglish
    6·
    3 months ago

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

    • Successful_Try543@feddit.orgEnglish
      14·
      3 months ago

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

    • macniel@feddit.orgEnglish
      9·
      3 months ago

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

      • shadowtofuEnglish
        8·
        3 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.