BRICS Share of Global GDP Hits Record 35.7% in 2023

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MOSCOW (Sputnik) - The share of BRICS in the global GDP has reached a record 35.7% in 2023 in terms of purchasing power parity (PPP), while at the same time, the economic indicators of the G7 fell to 29%, according to Sputnik calculations based on World Bank data.
By the end of 2023, the share of BRICS in global output increased by 0.6 percentage points year-on-year. Since the creation of the bloc in 2006, its share in the global economy has increased by 10.2 percentage points.
At the same time, the G7 share fell to a 30-year low of 29%, having lost 0.4 percentage points over the year. Since 2006, it's share has fallen by 9.7 percentage points.
In PPP terms, world GDP reached $184.7 trillion in 2023, up 7% from a year earlier.
The rest of the world accounted for 35.3% of world GDP last year, with its share broadly stable since 1990, fluctuating within one percentage point.