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BRICS to account for about 40% of world economy in case of expansion — TASS estimates

The share of these countries in the world annual harvest of wheat exceeds 51.4%, and in the harvest of rice - 56.1%

MOSCOW, November 8. /TASS/. BRICS countries (Brazil, Russia, India, China and South Africa) will account for about 40% of the world economy, if new members (Saudi Arabia, Turkey, Egypt and Algeria) are included. This is according to calculations TASS made on the basis of IMF data for 2022.

If we consider the GDP at purchasing power parity of these states, this figure would exceed 38%.

They also account for 45% of the world's population and 37.5% of the land mass.

The share of these countries in the world annual harvest of wheat exceeds 51.4%, and in the harvest of rice - 56.1%.

On Monday, the Algerian authorities filed an official application to join the BRICS group, the Al-Shorouq information portal reported, citing the special envoy of the country's Foreign Ministry for international partnership, Leyla Zerrougui.

Previously, Iran and Argentina also applied for accession to BRICS. Egypt, Turkey and the UAE also voiced their intention to join the association.

On September 26, Russian Deputy Foreign Minister Sergey Ryabkov reported that BRICS countries had begun work on the possible expansion of the association. However, earlier he pointed out that quick decisions on this matter should not be expected.

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