BRICS countries will contribute over 50% of global GDP by 2030

The BRICS countries – Brazil, Russia, India, China, and South Africa – are all large and diverse economies with varying levels of development, economic structures, and growth rates. However, they are all major emerging market economies and collectively represent a significant share of the global economy.

Here is some general information on the economies of the BRICS countries as of my knowledge cutoff in September 2022:

1. Brazil: Brazil is the ninth-largest economy in the world, with a GDP of around $2.4 trillion in 2022. The country has a diversified economy, with strong industries in agriculture, mining, manufacturing, and services. Brazil has been struggling with high levels of inequality and political instability in recent years.
2. Russia: Russia is the eleventh-largest economy in the world, with a GDP of around $1.7 trillion in 2022. The country is heavily dependent on natural resources, particularly oil and gas, which account for a significant share of its exports. Russia has been facing economic challenges due to international sanctions, falling oil prices, and a lack of structural reforms.
3. India: India is the fifth-largest economy in the world, with a GDP of around $3.0 trillion in 2022. The country has a diverse economy, with strong industries in services, manufacturing, agriculture, and technology. India has been experiencing significant economic growth in recent years, but also faces challenges such as high levels of poverty and inequality.
4. China: China is the second-largest economy in the world, with a GDP of around $16.4 trillion in 2022. The country has a diverse and rapidly growing economy, with strong industries in manufacturing, services, and technology. China has been experiencing significant economic growth in recent years, but also faces challenges related to debt, environmental degradation, and geopolitical tensions.
5. South Africa: South Africa is the second-largest economy in Africa, with a GDP of around $272 billion in 2022. The country has a diversified economy, with strong industries in mining, manufacturing, and services. South Africa has been struggling with high levels of inequality, unemployment, and political instability in recent years.