BRICS’ share in global economy overtakes G7 – Russian central bank ...News

Russia Today - Economy
BRICS’ share in global economy overtakes G7 – Russian central bank
source : Russia Today ( News ) () 51
Following the addition of new members, the group now accounts for 35% of the world’s GDP in PPP terms, Elvira Nabiullina has said The BRICS states have overtaken the G7 in terms of share in global GDP in PPP terms, the head of the Russian central bank, Elvira Nabiullina, told RIA Novosti in an interview on Monday.    According to the central bank chief, with the addition of the new members, the group’s share in global output rose from 31% to 35% as of the end of 2023. The metric that Nabiullina is using is called GDP in terms of PPP, or purchasing power parity. PPP is a metric popular with many economists that com

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