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BRICS Weight Exceeds G7 in PPP GDP, but Bloc Still Seeks Broader Integration

Peso do BRICS supera o G7 no PIB por paridade, mas bloco ainda busca integração mais ampla
Countries
BrazilChinaEgyptEthiopiaIndiaIndonesiaIranRussiaSaudi ArabiaSouth AfricaUnited Arab Emirates
Cooperation areas
Economic GrowthInclusive MultilateralismInstitutional Development

Source: Brasil 247 | Original Published At: 2026-09-09 18:17:56 UTC

Key Points

  • BRICS members concentrate almost 40% of global GDP measured by purchasing power parity, above the roughly 29% attributed to the G7, according to an IMF- and UNCTAD-based analysis.
  • Intra-BRICS trade increased more than 13 times, from US$84 billion in 2003 to about US$1.17 trillion in 2024, but still represents around 5% of global trade.
  • BRICS merchandise exports rose from nearly US$1 trillion in 2003 to about US$6 trillion in 2024, doubling the bloc's share of world sales from around 12% to 24%.
  • China occupies a central role in intra-BRICS flows, with several members relying on the Chinese market for commodity exports or industrial imports.
  • The New Development Bank, created in 2014, has expanded membership and prioritized local-currency financing, with BRICS leaders at the 2025 Rio summit assigning it a strategic role for Global South projects.
  • India's 2026 BRICS presidency agenda emphasized practical economic cooperation, including diversified value chains, SME access to foreign trade, trade finance expansion, digital services, and the BRICS Economic Partnership Strategy to 2030.
  • The 2025 Rio Declaration called for reform of Bretton Woods institutions, including greater decision-making power for developing countries in the IMF and World Bank.
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