10-04-2023, 07:51 PM
The set of countries known collectively as BRICS, have overtaken G7 nations in Global GDP (PPP), shifting the international economic power balance. Specifically, Brazil, Russia, India, China, and South Africa are now the world’s largest gross domestic product (GDP) bloc when taking purchasing power parity into account, according to data from Acorn Macro Consulting.
The UK-based research firm state that the BRICS nations now contribute 31.5% to the global GDP.
The UK-based research firm state that the BRICS nations now contribute 31.5% to the global GDP.