BRICS Nations Set to Dominate Global Economic Growth, Outpacing G7 by 2025
A seismic shift is underway in the global economic landscape. All eyes are turning towards the BRICS nations (Brazil, Russia, India, China, and South Africa), which are poised to significantly outpace the G7 countries in economic growth. According to a recent report from Bloomberg, the BRICS nations are expected to outpace the G7 countries in economic growth, a trend that is set to solidify their position as key drivers of the world economy.
BRICS vs. G7: A Tale of Two Economic Trajectories
The contrast in economic performance between the BRICS and G7 is becoming increasingly stark. When comparing GDP growth rates between BRICS and G7 nations over a 23-year period, the BRICS countries consistently outperformed, with an average growth rate. The combined economic output of the BRICS countries is projected to surpass that of the G7 nations by 2025, according to a global economic forecast by the. This projection underscores the growing economic clout of the BRICS bloc.
BRICS Overtakes G7 in Purchasing Power Parity
The BRICS countries overtook the G7 countries share of the world's total gross domestic product (GDP) in terms of purchasing power parity (PPP) in 2025. By 2025, this gap is expected to widen even further, demonstrating the BRICS nations' increasing ability to purchase goods and services on the global market.
Significant Trade Growth Within the BRICS Bloc
The economic dynamism within the BRICS group is fueled by increased trade and investment. The five current members of the BRICS group increased trade by 56% from 2020 to 2024, reaching some $422 billion worth of turnover last year. This intra-BRICS trade strengthens their collective economic resilience and reduces dependence on external markets.
Putin Highlights BRICS Contribution to Global Economy
The growing importance of the BRICS nations has been recognized at the highest levels. The contribution of BRICS countries to global economy has exceeded the share of G7 states, Russian President Vladimir Putin said, adding that GDP of BRICS is demonstrating its growing dominance. The collective is 25 de sept. de 2025.
Weakening Contributions from Some G7 Nations
While the BRICS nations are surging forward, some G7 economies are projected to contribute relatively little to global growth. The two smallest G-7 economies, Canada and Italy, are expected to contribute less than 1% each to world GDP growth over the five-year perioda lower amount, further highlighting the shift in economic power towards the BRICS countries.
The rise of the BRICS nations is not just a statistical anomaly; it represents a fundamental shift in the global economic order. As the BRICS countries continue to grow and deepen their cooperation, they are poised to play an increasingly significant role in shaping the future of the world economy.