How Much Economic Weight Do BRICS Countries Hold?

Countries

Cooperation areas

Source: ABP News | Original Published At: 2026-08-30 08:06:46 UTC

India's BRICS presidency is set to prioritize startups, innovation, resilient supply chains, and green energy at the 18th BRICS Summit.
BRICS+ nominal GDP is estimated at about USD 31.7-32 trillion, representing roughly 26%-28% of global nominal GDP.
Measured by purchasing power parity, BRICS countries account for about 35%-40% of global GDP, higher than the G7's 28%-29% share.
BRICS+ members represent around 45%-49% of the world's population and contribute about 30% of global oil production.
China accounts for roughly 70% of BRICS GDP, followed by India at about 13%, Russia at 9%, Brazil at 7%, and South Africa at 2%.
De-dollarization and expanding trade in local currencies are key BRICS discussions, with officials emphasizing stronger intra-BRICS economic cooperation.