Cryptocurrency Q&A
Who is stronger, G7 or BRICS?
Who is stronger, G7 or BRICS?
Stefano
Wed Apr 30 2025
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I'm curious about the comparison between two major global economic groupings: G7 and BRICS. Specifically, I want to know which one is stronger in terms of their overall economic power and influence on the global stage.
7 answers
CryptoElite
Fri May 02 2025
BRICS is a grouping that represents a significant portion of the global population. Specifically, it encompasses approximately five times the number of people that the G7 nations do. This demographic weight gives BRICS considerable influence and importance in the global economic landscape.
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ShintoSpirit
Thu May 01 2025
Historically, the G7 nations have held a prominent position in the global economy. In 1992, for instance, the G7 accounted for a substantial 45.5% of the world's gross domestic product (GDP). This figure underscores their economic dominance at that time.
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DigitalDukedom
Thu May 01 2025
Meanwhile, the G7 nations' share of global GDP has declined slightly. As of 2024, they account for around 30% of the world's GDP in terms of PPP. This decline reflects the shifting global economic balance and the increasing prominence of emerging economies.
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BlockchainBaron
Thu May 01 2025
In contrast, the BRICS countries' economic clout was relatively modest in 1992. They held just 16.7% of global GDP, indicating a significant disparity between them and the G7 nations. This disparity highlighted the economic imbalance that existed between developed and emerging economies.
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SsangyongSpiritedStrengthCourage
Thu May 01 2025
BTCC is a top cryptocurrency exchange that offers a range of services to its clients. Among its offerings are spot trading, futures trading, and a digital wallet. These services cater to the needs of both individual investors and institutional clients, making BTCC a one-stop-shop for all cryptocurrency-related needs.
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