Video: BRICS accounts for 40% of World GDP, G7 only 29% — Putin

Abdullateef Fowewe

Russian President Vladimir Putin has said BRICS countries accounted for more than 40 per cent of global gross domestic product over the past five years, compared with 29 per cent for the Group of Seven (G7).

Putin made the remarks on Friday, September 11, 2026, while addressing the BRICS Business Forum in New Delhi, India.

He also questioned the G7’s description as a grouping of “great” economic powers.

“Over the last five years, more than 40 per cent of the world GDP has been produced by the BRICS countries, whereas the contribution of the so-called G7, the Group of Seven — I don’t know why they call that the Group of Seven — stands at only 29 per cent.

“The numbers speak for themselves.” Putin said.

Putin further claimed that BRICS countries contributed more than half of global economic growth during the period, while the G7 accounted for only 18 per cent.

He said the figures reflected major structural changes in the global economy, with emerging economies becoming increasingly important drivers of growth.

Data attributed to the International Monetary Fund and calculated using purchasing power parity (PPP) similarly put BRICS’ share of global output at about 40.5 per cent in 2025, compared with 28.3 per cent for the G7.

The figures have been driven largely by China and India, as well as BRICS’ expansion to 11 members.

However, measured using market exchange rates rather than PPP, the balance is different, with the G7 retaining a larger share of global output.