Putin says BRICS outstrips G7 economically

Putin says BRICS outstrips G7 economically
© Photo: Maria Novoselova / Vestnik Kavkaza

BRICS outstrips many other associations, including the Group of Seven (G7), in economic terms, Russian President Vladimir Putin said at the BRICS summit via a video link.

The Russian leader noted that the BRICS nations not only account for a third of the plant’s ground territory and nearly half of its population, they also account for 40% of the global economy, with their aggregate GDP in terms of the purchasing power parity reaching $77 trillion, according to the IMF data for 2025.

By the way, BRICS considerably outperforms some other association, including the Group of Seven with its $57 trillion, as concerns this index," Vladimir Putin said.

According to him, the expanded association includes leading countries of Eurasia, Africa, the Middle East, and Latin America and has "a really huge political, economic, scientific-and-technical, and human potential."

"The BRICS nations continue developing cooperation in key areas of politics and security, economy and finance, cultural and humanitarian exchanges," Vladimir Putin said.

The Russian president thanked his Brazilian counterpart, Luiz Inacio Lula da Silva, and the Brazilian BRICS presidency in promoting the strategic partnership within the association.

Brazil is hosting a regular BRICS summit on July 6-7.

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