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Who is Bigger Economically: BRICS or G-7? Find Out Here
Who is Bigger Economically: BRICS or G-7? Find Out Here
Sputnik India
At the moment, BRICS unites Brazil, Russia, India, China and South Africa, but recently 23 states have expressed their desire to join the economic bloc, including six that have already received an invitation.
2023-08-27T10:57+0530
2023-08-27T10:57+0530
2023-09-22T13:19+0530
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On 24 August 2023, Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates were invited to join the BRICS grouping. This expansion brings together nations from different regions, adding geopolitical and economic muscle to the organization.With the inclusion of these new members, BRICS will account for approximately 37 percent of the world's GDP (seven percent more than the G7).Gas reserves in the BRICS countries after the expansion of the association will double to about 50% of all world reserves, or almost 94 trillion cubic meters, according to open source data.Check out Sputnik Infographics to learn more about the economic power of the Extended BRICS in comparison to the G7!
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Who is Bigger Economically: BRICS or G-7? Find Out Here
10:57 27.08.2023 (Updated: 13:19 22.09.2023) At the moment, BRICS unites Brazil, Russia, India, China, and South Africa, but recently another 23 states expressed their desire to join the economic bloc, including six that have already received an invitation.
On 24 August 2023, Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates were invited to join the BRICS grouping. This expansion brings together nations from different regions, adding
geopolitical and economic muscle to the organization.
With the inclusion of these new members, BRICS will account for approximately
37 percent of the world's GDP (
seven percent more than the G7).
Gas reserves in the BRICS countries after the expansion of the association will double to about 50% of all world reserves, or almost 94 trillion cubic meters, according to open source data.
Check out Sputnik Infographics to learn more about the economic power of the Extended BRICS in comparison to the G7!
