See the following table for population data from World Population Review, which is dated as of 2023. The two biggest populations being added to BRICS are Ethiopia ( 126.5 million) and Egypt ( 112.7 million). Share of Global PopulationīRICS has always represented a major chunk of global population thanks to China and India, which are the only countries with over 1 billion people. With the new members included, expected GDP climbs slightly to $30.8 trillion, enough for a 29.3% global share. The original six BRICS members are expected to have a combined GDP of $27.6 trillion in 2023, representing 26.3% of the global total. The following table includes GDP projections for 2023, courtesy of the IMF. Share of Global GDPīecause most of the new BRICS members are considered to be developing economies, their addition to the group will not have a major impact on its overall share of GDP. In this graphic, we provide a data-driven overview of how the BRICS expansion will grow the group’s influence and reach. 24, 2023, BRICS announced that it would formally accept six new members at the start of 2024: Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, and the United Arab Emirates (UAE). Distinguished by their emerging economies, the group has sought to improve diplomatic coordination, reform global financial institutions, and ultimately serve as a counterbalance to Western hegemony. Visualizing the BRICS Expansion in 4 ChartsīRICS is an association of five major countries including Brazil, Russia, India, China, and South Africa. Offsetting revenue collected but not attributed to functions
U.S. FEDERAL BUDGET 2021 PIE CHART FULL
Here’s a look at the full breakdown, and where spending was allocated last year: U.S. This was the second highest deficit on record, down from a peak of $3.1 trillion in 2020 during the height of the global pandemic.Īfter income and Social Security spending, health was the third-largest expenditure in 2021. federal spending was higher in 2021, which put the federal government in a budget deficit of $2.7 trillion. Despite the trillions in revenue generated, like most years, U.S.
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