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According to the latest data from the International Monetary Fund (IMF), the collective share of BRICS member states in the global economy reached a historic record of over 39% at the end of last year. This figure is notably 11% higher than the combined economic weight of the G7 nations, signaling a major shift in the global financial landscape and the rising influence of emerging markets.
The report indicates that the BRICS nations now account for 39.2% of the world's Gross Domestic Product (GDP), while the G7’s share has declined to an all-time low of 28.3%. This redistribution of economic power highlights the accelerated growth of the BRICS bloc, driven by industrial expansion, vast natural resources, and increasing intra-group trade.
China continues to be the dominant force within the group, contributing 19.6% to the global GDP, followed by India at 8.2% and Russia at 3.4%. Other significant contributors include Indonesia and Brazil, both maintaining a 2.4% share of the global economy. The steady performance of these nations is a key factor in the group's ability to outpace traditional Western economic powerhouses.
In contrast, within the G7, the United States remains the leader with a 14.6% share of the global GDP, followed by Germany at 2.9%. France and the United Kingdom both hold a 2.2% share. These evolving statistics emphasize a new era in international economics, where the BRICS alliance plays a central role in driving global production and shaping future financial policies.
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Major International Exhibition and Congress on Healthcare, Education, and Sports Opens in Turkmenistan
10 Oct. 07:33A multi-sector international exhibition and scientific conference celebrating National Healthcare and Pharmaceutical Industry Workers' Day officially opened at the Chamber of Commerce and Industry Expo Center in Ashgabat. In his official greeting to attendees, President of Turkmenistan Serdar Berdimuhamedov highlighted the ongoing integration of advanced technologies and international collaboration. The President noted that key landmarks during this 35th anniversary year of independence include the opening of new International Centers for Oncology, Pediatrics, and Dentistry, alongside modern expansions at the "Archman" health resort.
Running through October 12, the three-day event serves as a global platform uniting state ministries, international manufacturers, medical specialists, and researchers. The agenda encompasses interactive exhibition stands, technical sessions, specialized workshops, and strategic B2B and B2G business negotiations.