Posts

Showing posts with the label brics gdp

BRICS: Total GDP of All 11 Member Countries

Image
(Kindly edit, don’t publish) The BRICS alliance inducted six new countries into the bloc at the 15th summit in Johannesburg last week. The six new countries to join BRICS are Saudi Arabia, the UAE, Argentina, Egypt, Iran, and Ethiopia. The alliance will become an 11-nation group boasting a GDP much bigger than that of the U.S. Also Read: BRICS : US Hits Back at Russia, Looks to End Dependency on Uranium Hold While the U.S. GDP stands at $25.5 trillion, the new BRICS GDP is at a staggering $30.75 trillion. Therefore, BRICS + GDP is ahead by $5.35 trillion that of the U.S. The six countries are expected to formally join the bloc in 2024 and be a part of the 16th summit in Russia. In this article, we will highlight the GDP of all the 11 member countries of the BRICS group. GDP of All the 11 Member Countries of BRICS Source: ft.com The majority of BRICS countries are fast-growing economies that are catching up with the rest of the world. Bloomberg predicts that BRICS...