Brics now 41% of the worlds economy

9 more countries have joined time to learn russian and chinese you lazy monolinguals
Big move

In reply to velo

Well, it is a good development for many in the World, especially for those countries that are being unjustly sanctioned by the USA and the European Onion

In reply to velo


I think Trump gonna shrink that 41%!

In reply to velo

Something's wrong with those US and China GDP numbers boss

In reply to velo

Shifting sands......

US economic growth has just been on an incredible run. China is wobbling into a recession.

In reply to velo

In the 1980s, Japan was poised to overtake the US as the dominant world economic power. In the 1990s, the euro was going to displace the USD. Now its the Chinese and BRICS. I will believe it when I see it ...

In reply to Walco

After Brexit comes Bricsit!

In reply to StumpCam

I did not know that BRICS has been around since 2009 - 15 years

In reply to StumpCam

The difference with BRIC from the others before it is that much more countries with big economies are involve in it, its chances of it working is higher

In reply to Walco

I have no doubt that long as the components of BRICS work in harmony the USA will be knocked off its' perch .

In reply to cricketmad

And when do you expect the United States to be knocked off its perch? BRICS seems to be an informal group with no "treaty, secretariat, or headquarters." CARICOM seems more organized

In reply to Walco
I expect that to happen with the current decade . They might not appear to be well organised,but the fact that there is no lack of the will to make the movement work will provide the necessary impetus needed to achieve their goal. America's greed,and aggression will serve to hasten the process.

In reply to cricketmad

Noted. You are an optimistic fella. But aren't Russia and China greedy and aggressive as well?

In reply to Walco

Indonesia joins

4th largest pop and 7th global economy

BRICS getting bigger and bigger

G7 struggling and losing ground

...To simpletons like Sodden

It’s a fair critique to assess BRICS+ not just by its growing economic metrics but also by the structural and financial realities that underpin its influence—or lack thereof—in comparison to the G7. While BRICS+ boasts impressive GDP growth and trade statistics, there are significant challenges that dampen its ability to wield true financial power in the global economy.

While it’s true that BRICS+ nations collectively outsize the G7 in population—roughly three times larger—their economic output does not scale accordingly. With such a massive population base, one might expect the bloc to command a far greater GDP advantage than it currently does. But there is a clear contrast between the BRICS+ and G7 countries in terms of per capita GDP. For instance, while China and India are economic behemoths in aggregate terms, their per capita income levels are far behind those of the United States or Germany. This disparity reflects a gap in productivity, technological advancement, and infrastructure development, which limits the bloc's ability to translate its demographic advantage into proportional economic might.

The BRICS+ bloc severely lacks the financial cohesion and dominance of the G7. The G7 economies are home to the world’s most stable and widely used currencies, including the US dollar, euro, and yen—currencies that underpin the global financial system. The US dollar remains the world’s primary reserve currency, and much of global trade and debt is denominated in it. BRICS+, by contrast, lacks a single, unifying financial instrument or currency that could rival the dollar’s role. While there have been discussions of creating a BRICS currency or increasing trade in local currencies, these efforts remain nascent and face significant hurdles, such as trust, convertibility, and liquidity.

A critical point regarding US Treasury holdings. Many BRICS+ nations, particularly China, hold substantial reserves of US Treasury as part of their foreign exchange reserves.  This reliance on US debt underscores the paradox of BRICS+ economies: while they aim to create an alternative global economic system, they remain deeply tied to and dependent on the existing one. If these nations were to sell off their US Treasury holdings in large quantities, it could destabilize their own currencies and economies. The knock-on effects—such as weakening investor confidence and capital flight—would likely outweigh any short-term geopolitical or economic gains. This dependency limits the bloc’s ability to act independently of the Western financial system.

Furthermore, the BRICS+ bloc struggles with internal fragmentation. Unlike the G7, which consists of relatively similar economies with shared governance structures and democratic principles, BRICS+ is a diverse collection of nations with vastly different political systems, economic models, and strategic interests. For example, India and China, two of the largest members, have a fraught relationship with significant border disputes. This lack of unity makes coordinated action difficult, particularly in areas like financial policy, trade agreements, or currency reform.

While BRICS+ commands impressive numbers on paper—population, GDP in aggregate, and merchandise export growth—it faces considerable structural and financial hurdles. Its reliance on US Treasuries, lack of a cohesive financial framework, and internal divisions diminish its ability to challenge the entrenched financial power of the G7. For now, BRICS+ remains more of an aspirational counterweight than a fully realized alternative to Western-led economic dominance. Its potential is real, but its challenges are equally formidable.

Sarge...