BRICS Trade Bloc Accounts For 37% Of Global Transactions, Surpassing The G7

#BRICS Trade Bloc Accounts For 37% Of Global Transactions, Surpassing The #G7

The BRICS trade bloc, comprising #Brazil, #Russia, #India, #China, and #SouthAfrica, has emerged as a formidable force in the global economic landscape, with a significant impact on cross-border transactions and GDP. In recent years, the bloc has witnessed a remarkable surge in trade interactions, now accounting for more than a third of global cross-border transactions. This surge in commerce has propelled the collective GDP of BRICS nations from 31.5% to an impressive 37% of the worldwide transactions, overshadowing the G7's share of 29.9%.