Wednesday 23 October 2024

Projected or current GDP growth rates for these countries, showcasing the economic growth performance of BRICS nations (Brazil, Russia, India, China, South Africa), some invited nations like Saudi Arabia, and G7 members (the US, UK, Canada, France).

Projected or current GDP growth rates for these countries, showcasing the economic growth performance of BRICS nations (Brazil, Russia, India, China, South Africa), some invited nations like Saudi Arabia, and G7 members (the US, UK, Canada, France).

India has the highest growth rate (7.0%) among BRICS nations, indicating strong economic performance compared to its peers.

China follows with 4.8%, a significant growth rate but lower compared to its historical standards.

Russia and Brazil exhibit moderate growth (3.6% and 3.0%), possibly influenced by their geopolitical and economic conditions.

South Africa shows relatively slower growth at 1.1%.


Among the G7:

The US shows a solid growth rate of 2.8%, higher than other G7 members.

Canada, UK, and France all hover around 1.1-1.3%, indicating moderate economic expansion.


Saudi Arabia, invited to BRICS, is showing 1.5% growth, reflecting its ongoing economic diversification efforts beyond oil.

Overall, the figures indicate that emerging markets (BRICS) generally have stronger growth compared to advanced economies (G7).


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