How BRICS nearly tripled its share of world output

Source: India Today | Original Published At: 2026-09-11 11:29:35 UTC

Key Points

• BRICS accounted for 40.5% of world output in 2025 by purchasing power parity, compared with 28.3% for the G7, according to the IMF.
• In dollar terms, BRICS made 27.9% of world output in 2025, versus 44.4% for the G7, with the gap expected to narrow but not close by 2031.
• BRICS' purchasing-power-parity share rose from 15.1% in 1992 to 40.5% in 2025, partly reflecting expansion from four members to eleven members and ten partner countries.
• The bloc is seeking more votes at the IMF and World Bank, where quotas are dollar-based, and more trade settled in local currencies.
• China accounts for 59.5% of BRICS output in dollar terms, while Saudi Arabia's full membership status remains unclear, affecting the bloc's measured share.
• The 18th BRICS summit opens in New Delhi on September 12, with leaders including Prime Minister Narendra Modi, President Xi Jinping, and President Vladimir Putin attending.