May 2026, Vol. 5, Issue ¹ 05
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BRICS+ economic size and geopolitical impacts trump G7’s shrinking size and influenceSeveral fresh economic statistical data, other global financial market trends and core geopolitical developments collaborate the rapidly growing size of the economy of the BRICS+ and its influence on key global economic trends and strategic geopolitical issues, compared with the fast shrinking sise and impacts of G7 on global affairs. Thus, the BRICS countries’ combined share of the world’s GDP, estimated in April 2026 at USD 77trln or 39.2% exceeded by almost 11% the combined share of the G7, valued at USD 57trln or 28.3%. Similarly, the combined BRICS economy is also growing much faster, with a growth rate forecast of 3.7–3.8% in 2025–26, compared to that of the G7’s, projected to grow by around 1.0–1.1%. The BRICS group comprises 10 countries, namely, Brazil, Russia, India, China, South Africa, the group’s founding states, as well as Egypt, Iran, the UAE, Indonesia and Ethiopia, which were later admitted into the group, all now collectively branded BRICS+. The G7 membership includes the US, UK, Germany, Japan, France, Italy and Canada. The BRICS countries and other NDB shareholders possess significant economic potential and account for more than half of the world's current population, oil/gas production and reserves and other strategically vital natural resources
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BRICS’ growing economy and impacts trump G7’s declining economy and influenceThe BRICS countries’ combined share of the world’s GDP, estimated in April 2026 at USD 77trln or 39.2% exceeded by almost 11% the combined share of the G7, valued at USD 57trln or 28.3% ... |
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