The share of the BRICS countries in the global gross domestic product (GDP) already exceeds the indicator of the G7 countries and continues to grow. According to "Armenpress", this was announced by Russian President Vladimir Putin during a speech at the BRICS Business Forum. "For example, look at the year 1992. Big Seven - 45.5%, and BRICS countries - 16.7% of world GDP in the same year. And now? Year 2023. our union - 37.4%, and the G7 - 29.3%.
This difference is increasing and will continue to increase, it is inevitable," Putin was quoted as saying by TASS. The Russian president emphasized that the joint work of BRICS to accelerate socio-economic growth and sustainable development brings concrete, tangible results, actually contributes to improving the well-being and quality of life of ordinary citizens of member countries.
According to Putin, the numbers speak for themselves. He cited statistics according to which the combined GDP of the BRICS is more than 60 trillion dollars, and the total share in the world gross product confidently exceeds the corresponding indicator of the G7 and continues to grow: "In recent decades, the global GDP, the entire BRICS countries account for more than 40% of global economic growth. according to the results of this year, the average rate of economic growth in BRICS is predicted at the level of 4%.
This is higher than the G7 countries, where it is only 1.7%, and also higher than the global rate. The global rate will be 3.2%," Putin said. Currently, BRICS includes Brazil, Russia, India, China, South Africa, Egypt, Iran, the United Arab Emirates, Saudi Arabia and Ethiopia.
