BRICS is growing faster than anticipated and is having a positive influence on many countries that want to move away from the influence of the West.
BREAKING: BRICS to invite 6 new members in January 2024 (Check the countries)
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BUY TOP 2026 BECE MOCKS AND ANSWERSThe BRICS nations Brazil, Russia, India, China, and South Africa have reached an agreement to invite Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE to become full members of BRICS. If these countries accept the invitation, they will become members from January next year.
The BRICS is becoming a major block that is already standing shoulder to shoulder-with the G7. A careful look at G7 vs. BRICS contribution to global GDP (PPP) growth shows that the BRIC countries are narrowing the gap.
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BUY CHEAP DATA NOWG7 vs BRICS contribution of global GDP (PPP) growth.
Current statistics show that the total contribution of global GDP by G7 countries so far in 2023 is 29.9% while that of the BRICS nations is 31.2%. This is making BRICS an important new power in the global economy. As more and more countries join the BRICS, its impact on world trade, business, and politics will become more obvious.
1995
G7 (🇨🇦 🇫🇷 🇩🇪 🇮🇹 🇯🇵 🇬🇧 🇺🇸): 44.9%
BRICS (🇧🇷 🇷🇺 🇮🇳 🇨🇳 🇿🇦): 16.9%
2002
G7 (🇨🇦 🇫🇷 🇩🇪 🇮🇹 🇯🇵 🇬🇧 🇺🇸): 42%
BRICS (🇧🇷 🇷🇺 🇮🇳 🇨🇳 🇿🇦): 19%
2010
G7 (🇨🇦 🇫🇷 🇩🇪 🇮🇹 🇯🇵 🇬🇧 🇺🇸): 34.3%
BRICS (🇧🇷 🇷🇺 🇮🇳 🇨🇳 🇿🇦): 26.6%
2023
G7 (🇨🇦 🇫🇷 🇩🇪 🇮🇹 🇯🇵 🇬🇧 🇺🇸): 29.9%
BRICS (🇧🇷 🇷🇺 🇮🇳 🇨🇳 🇿🇦): 32.1%