15% of the french gdp comes from rent, which basically did +30% over the last 10 years, that alone is ~0.4% of annual growth according to the official numbers... 1/3rd of the "growth" is rental inflation...
What value was added here? None, gdp is meaningless in post industrial countries, it wasn't designed to measure anything other than industrial outputs.
What value was added here? None, gdp is meaningless in post industrial countries, it wasn't designed to measure anything other than industrial outputs.