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Putin: BRICS Economic Growth Outpaces G7 and Will Continue to Rise

Russian President Vladimir Putin said at the St. Petersburg International Economic Forum that BRICS countries are outpacing G7 nations in economic growth, with BRICS contributing 49% of global GDP growth over the past five years. He also noted that BRICS now accounts for 49% of global GDP at purchasing power parity, surpassing the G7's 18%, and that the global trade system is no longer West-centered.

By Tertius News AI Desk 1 outlet · 3 articles Version 1 Coverage Jun 5, 2026 Published Aug 15

Lead

Russian President Vladimir Putin said on Thursday that economic growth rates in BRICS countries are higher than those of the Group of Seven (G7) nations and are projected to remain consistently higher, citing data on global GDP contributions and trade shares. Speaking at the plenary session of the St. Petersburg International Economic Forum (SPIEF), Putin presented figures that, as reported by the Russian state news agency TASS, show BRICS overtaking the G7 in key economic metrics.

Coverage Comparison

The statements were reported by TASS, which is the official general information partner of SPIEF. In its coverage, TASS highlighted Putin's remarks on the economic trajectory of BRICS relative to the G7, presenting them as a central theme of the forum. The agency also quoted Putin extensively, providing detailed statistics on GDP and trade.

Key Claims

According to TASS, Putin stated that the contribution of G7 countries to global GDP is estimated at 18%, while the share of BRICS member states totals 49%. He also said that over the past five years, almost half of the global GDP's annual growth—49%—was provided by BRICS countries, whereas the G7 contributed 18%. With an average annual growth rate of 1.4% for the global economy in 2021-2025, BRICS provided 2% of growth, while the G7 contributed 0.8%.

Putin further noted that the BRICS share of global GDP at purchasing power parity currently stands at 40%, while the G7 share is less than 29%. "By this indicator, BRICS overtook G7 back in 2020. But BRICS’ lead is growing. This ratio is projected to continue to trend in BRICS’ favor," he said.

He also addressed the global trade system, asserting that it is "no longer West-centered." TASS quoted him as saying, "The share of BRICS in global trade in goods has almost doubled over 25 years. The countries of our association accounted for almost a quarter of global exports last year and this figure continues growing steadily."

Putin explained the sustained growth by saying, "BRICS leadership is increasing. According to forecasts, this ratio will continue to shift further in favor of BRICS. The question is: why is this happening? What is taking place? It is happening because economic growth rates in BRICS countries will remain consistently higher. They are higher now – and they will become even higher. This trend will persist."

The remarks were made during the plenary session of SPIEF, held June 3-6 in St. Petersburg. The forum's theme is "Pragmatic Dialogue: the Path to a Stable Future." TASS is listed as the official general information partner of the forum, which is organized by the Roscongress Foundation.

How this outlet told it

A framing line is our reading of that outlet's own text — an interpretation, not a quotation and not a fact we assert. Check it against what the outlet published.

TASS — English as of Jun 5, 2026, 2:00 PM UTC

Framing: Our reading BRICS economic growth outpacing G7 — Positive

Facts Included:

Economic growth rates in BRICS countries are higher than those of the G7 nations
BRICS leadership is increasing
Economic growth rates in BRICS countries will remain consistently higher

Read the source article →

TASS — English as of Jun 5, 2026, 3:30 PM UTC

Framing: Our reading BRICS contribution to global GDP outpacing G7 — Informative

Facts Included:

Contribution of G7 countries to global GDP is estimated at 18%
Share of BRICS member states totals 49% of global GDP
BRICS countries provided almost half of global GDP annual growth
Average annual growth rate of 1.4% for the global economy in 2021-2025

Read the source article →

TASS — English as of Jun 5, 2026, 2:00 PM UTC

Framing: Our reading Global trade system shifting away from West — Neutral

Facts Included:

Global trade system is no longer West-centered
Share of BRICS in global trade in goods has almost doubled over 25 years

Read the source article →

What was claimed, and who backed it

AI-extracted; can misattribute a claim — see Methodology.

Each row is one claim, attributed to the outlet whose wording states it most clearly. Confidence rates how directly the source text states the claim — explicit and unhedged rates high; hedged, pieced-together, or internally inconsistent statements rate lower. It does not measure whether the claim is true. Status counts the distinct outlets we found asserting it — so a single-source claim can still show high confidence, and a multi-source claim can show medium. Every one of those outlets is named beside the status, so you can check the count against the list. For claims extracted before we began storing that list, the row says so: it names the outlet the claim is quoted from and states that we have not recorded which outlets backed it. Outlets wrote at different times, so a figure that evolves — a casualty count, for example — can legitimately differ between rows; check the "as of" time next to each claim's source.

Claim	Confidence	Status
ClaimEconomic growth rates in BRICS countries are higher than those of the G7 nations and will continue to rise further.	ConfidenceHigh	StatusSingle-source via TASS — English as of Jun 5, 2026, 2:00 PM UTC
ClaimBRICS leadership is increasing.	ConfidenceHigh	StatusSingle-source via TASS — English as of Jun 5, 2026, 2:00 PM UTC
ClaimEconomic growth rates in BRICS countries will remain consistently higher.	ConfidenceHigh	StatusSingle-source via TASS — English as of Jun 5, 2026, 2:00 PM UTC
ClaimThe contribution of G7 countries to global GDP is estimated at 18%, while the share of BRICS member states totals 49%.	ConfidenceHigh	StatusSingle-source via TASS — English as of Jun 5, 2026, 3:30 PM UTC
ClaimAlmost half of the global GDP's annual growth was provided by the BRICS countries.	ConfidenceHigh	StatusSingle-source via TASS — English as of Jun 5, 2026, 3:30 PM UTC
ClaimThe average annual growth rate of the global economy in 2021-2025 was 1.4%.	ConfidenceHigh	StatusSingle-source via TASS — English as of Jun 5, 2026, 3:30 PM UTC
ClaimThe BRICS countries provided 2% of the global economy's growth, while the G7 countries contributed 0.8%.	ConfidenceHigh	StatusSingle-source via TASS — English as of Jun 5, 2026, 3:30 PM UTC
ClaimThe global trade system is no longer West-centered.	ConfidenceHigh	StatusSingle-source via TASS — English as of Jun 5, 2026, 2:00 PM UTC
ClaimThe share of BRICS in global trade in goods has almost doubled over 25 years.	ConfidenceHigh	StatusSingle-source via TASS — English as of Jun 5, 2026, 2:00 PM UTC
ClaimThe countries of the BRICS association accounted for almost a quarter of global exports last year.	ConfidenceHigh	StatusSingle-source via TASS — English as of Jun 5, 2026, 2:00 PM UTC

Transparency & Audit Trail

1 outlet · 3 articles consulted: TASS — English 10 claims extracted Version 1 Written 2026-08-15