BRICS has surpassed the G7 in global economic influence, highlighting the bloc's increasing significance on the world stage. BRICS' achievements have become a topic of discussion internationally.

BRICS' Rising Influence

Since 1992, BRICS' share of the global GDP rose from 16.7% to 37.4% in 2023. The bloc's increasingly prominent role on the world stage is supported by predictions that by the end of this decade, BRICS will generate the majority of global economic growth.

BRICS in Key Industries

BRICS accounts for about a quarter of global goods exports and leads in sectors such as energy, metals, and food production. These industries are critical for global development, highlighting the leadership role of BRICS in emerging markets.

G7's Declining Influence

The G7, comprising the U.S., Canada, Germany, the U.K., France, Italy, and Japan, is losing its economic influence in the face of BRICS' growth. The G7 has been trying to uphold a rules-based international order but faces a challenge from BRICS, which is shaping the future.

BRICS' dominance on the global stage is strengthening, while the G7 is facing difficulties in maintaining its influence. This shift in the global economy underscores the importance of adjusting approaches and strategies for both blocs.