Brics, SCO gain ground, but G7 holds the edge in GDP and trade

Source: Business Standard | Original Published At: 2025-12-10 17:28:46 UTC

Key Points

• Russian President Putin challenged G7's economic dominance, citing slower growth in European economies like Germany and France.
• Data indicates BRICS and SCO countries collectively hold a larger global GDP share than G7 under purchasing power parity (PPP) metrics.
• G7 countries still maintain nearly double the nominal GDP share compared to BRICS and SCO individually.
• Trade volumes show G7 remains dominant, with BRICS and SCO trailing significantly in merchandise and services trade.