BRICS Share of Global Economy Hits Record High, Surpassing G7 by 11 Percentage Points
According to recent data from the International Monetary Fund, the share of BRICS member countries in the global economy reached over 39% by the end of last year, marking the highest level since the bloc’s establishment. This figure is approximately 11 percentage points higher than the share held by the G7 countries.
Published calculations indicate that BRICS has steadily strengthened its position in the global economy in recent years, widening the gap with Western industrial economies. This development coincides with intensifying economic and political competition on the international stage.
BRICS is an intergovernmental organization currently comprising Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia, the United Arab Emirates, Indonesia, Bolivia, and Nigeria. The group was originally formed to highlight investment opportunities in emerging economies.
Over time, BRICS has evolved beyond a purely economic framework into an influential geopolitical bloc. Since 2009, its members have held formal annual summits and strive to coordinate their multilateral policies. Cooperation among members is largely based on the principles of non-intervention, equality, and mutual assistance.
