This is a weird point to make and a bit disingenious.
On the one hand, G7 officially includes the whole of the EU, with the EU having a full seat at the table, and your source does not include it.
On the other hand, it very lowkey mentions that it’s on PPP, and BRICS includes a bunch of countries with very low purchasing power.
Finally, comparing BRICS to the G7 is weird, since there are a bunch of big economies in the world who are openly and thoroughly allied with G7 countries, like Australia.
I mean it’s clear that BRICS is a major player in geopolitics, but claiming “BRICS has surpassed G7, it’s now the world leader” is just false.
BTW here are the last published raw annual GDP figures from G7 and BRICS countries, in trillion USD, as of 2022 from the OECD:
I mean it would be disingenuous not to use PPP since that would be completely meaningless. I’m also not sure what’s weird with comparing BRICS with G7, or what Australia has to do with any of that. Perhaps you’re not aware that China is a huge trading partner for Australia?
BRICS has absolutely passed G7 by every meaningful measure. It’s where majority of manufacturing and commodity production happens while much of G7 GDP comes from ephemeral things like the service industry.
This is a weird point to make and a bit disingenious.
On the one hand, G7 officially includes the whole of the EU, with the EU having a full seat at the table, and your source does not include it.
On the other hand, it very lowkey mentions that it’s on PPP, and BRICS includes a bunch of countries with very low purchasing power.
Finally, comparing BRICS to the G7 is weird, since there are a bunch of big economies in the world who are openly and thoroughly allied with G7 countries, like Australia.
I mean it’s clear that BRICS is a major player in geopolitics, but claiming “BRICS has surpassed G7, it’s now the world leader” is just false.
BTW here are the last published raw annual GDP figures from G7 and BRICS countries, in trillion USD, as of 2022 from the OECD:
US: 25.5 EU: 24.3 JP: 5.8 UK: 3.8 CA: 2.1 G7: 61.5 CH: 30.1 IN: 9.0 RU: 4.4 BR: 3.2 SA: 1.0 BRICS: 47.7I mean it would be disingenuous not to use PPP since that would be completely meaningless. I’m also not sure what’s weird with comparing BRICS with G7, or what Australia has to do with any of that. Perhaps you’re not aware that China is a huge trading partner for Australia?
BRICS has absolutely passed G7 by every meaningful measure. It’s where majority of manufacturing and commodity production happens while much of G7 GDP comes from ephemeral things like the service industry.