These data were reflected in the analysis of the national statistical services of the countries.

India takes the first place. The growth rate of which has slowed from 8.8% in 2023 to 6.7% in 2024.

The second place was shared by China and Indonesia. The growth of the economies of these countries increased by 5%.

In third place is Russia, which has been expanding its economy by 4.1% per year for the second year in a row.

The fourth is Brazil. The economy of this country grew by 3.2% in 2023 and 3.4% in 2024.

Turkey is fifth on the list. It is the only country in the top 5 that is not a member of the BRICS! It experienced a severe economic slowdown from 5.1% in 2023 to 3.2% in 2024.

Argentina and Germany – the economies of these countries faced a recession last year. Argentina is going through painful reforms by its president, and the German economy is facing problems due to sanctions against Russia and high competition from China in its key markets.

Saudi Arabia returned to 1.3% growth last year.

South Korea - 2% in 2023 and 1,4% in 2024.

The rest of the countries either kept their economic growth at the same place or faced a slowdown.

The first group includes Italy (0.7%), France (1.1%), Canada (1.5%).

In the second group, the growth rates of their economies have noticeably decreased in countries such as Japan, whose economy has declined 19 times at once, to 0.1%. Australia – doubled to 1%. In South Africa and the United States, the economies of these countries declined last year by 0.1%, to 0.6% and 2.8%, respectively.

In October 2024, the International Monetary Fund (IMF) published another report on the dynamics of the countries' GDP. It states that Russia ranks 4th in the world among the economies of countries in terms of purchasing power parity (PPP).

The first lines in this indicator are occupied by the USA, China, and India. It follows from the fund's forecast that Russia will hold its position at least until 2029.