https://en.sputniknews.africa/20240703/brics-share-of-global-gdp-hits-record-357-in-2023-1067354701.html
BRICS Share of Global GDP Hits Record 35.7% in 2023
BRICS Share of Global GDP Hits Record 35.7% in 2023
Sputnik Africa
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... 03.07.2024, Sputnik Africa
2024-07-03T19:01+0200
2024-07-03T19:01+0200
2024-07-03T19:01+0200
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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.
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brics, g7, economy, economic growth, gdp, world bank, brics expansion, brics summit, market
brics, g7, economy, economic growth, gdp, world bank, brics expansion, brics summit, market
BRICS Share of Global GDP Hits Record 35.7% in 2023
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.
