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WorldPosted at: Apr 30 2025 2:53PM


Powered by China, India, BRICS share in global economy reaches 36.8pc, G7's share decreases

Moscow, Apr 30 (UNI) Powered mainly by China and India, the BRICS’ share in the global economy has grown substantially, reaching a record 36.8%, with the gap between the G7 nations and BRICS widening, as per data gathered from last year.
According to RIA Novosti calculations based on IMF data, the contribution of the BRICS countries to global GDP increased by 0.64 percentage points, according to Sputnik.
In comparison, the G7 lost 0.42 percentage points - with its share falling below 29% for the first time (recorded to be 28.86%).
As such, the gap between the BRICS and the G7 has widened to a record 8% points, up from 6.9 a year earlier.
The reasons for this are attributed to the economic growth of BRICS nations, seven of whom are showing greater contributions to the international economy.
The biggest of these seven are China and India, whose share shows an increase of 0.34 percentage points to 19.45%, and 0.25 percentage points, to 8.25% respectively.
Others include Russia, recording an increase of 0.05 percentage points to 3.54%, Ethiopia by 0.01 percentage points to 0.27%, and a 0.01 percentage points from Brazil (2.4%), Iran (0.9%) and the UAE (0.4%).
Reportedly, out of all BRICS countries, only Egypt and South Africa saw a reduced share in the global economy – by approximately 0.01 percentage points each, to 1.14% and 0.5%, respectively.
At the same time, all the G7 countries have seen a decrease in their contribution to global GDP.
The biggest declines were in Japan and Germany, by 0.1 percentage points each (their shares were 3.3% and 3.06% percent) each lost 0.05 percentage points. Canada's share was 1.3% versus 1.4% a year earlier, and the United States' was 14.88% versus 14.94%.
UNI/SPUTNIK ANV RN
Tags: #Powered by China# India# BRICS share in global economy reaches 36.8pc# G7's share decreases
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