Global share of GDP has shifed
1995: G7 44.5%, BRICS 16.9%, REST: 38.2%
2010: G7 34.3%, BRICS 26.6%, REST: 39.1%
2023: G7 29.9%, BRICS 32.1%, REST: 38.0%
While the BRICS now command a greater share of global GDP than the G7 do, the G7 are still far wealthier (51.7% of global wealth versus 24.6% of global wealth). GDP indicates current growth, while wealth is accumulated from historic growth.
Wealth-to-GDP numbers are interesting. The lower the number, the faster the country is growing.
Hong Kong is worst at 8.4 and is an obvious outlier.
The countries below that, in the range from 6 down to 5, include Italy, Spain, Switzerland, USA, New Zealand, Australia, United Kingdom and France followed by Canada and Japan at 4.9. These countries are growing slowly.
China is at 4.4 but already has 19% of global wealth. India is also at 4.4 with 3.4% of world wealth.
Germany does better at 3.8
South Africa is at 2.2, Brazil is at 1.9 and Russia is at 1.8.
the rest are a stablecoin
the usa is close to collapse
Interesting stats. The shift in global GDP does highlight the significant rise of BRICS economies over the years. G7 dominance is transitioning to a more balanced distribution. The other bit is BRICS based on gold rather than a fraction or illusive pairing which would suggest a more tangible foundation. There’s a high rise of countries that are adapting BRICS or having their options open. I hope a fair mediator like Bitcoin would calm the tides.
