BRICS to Control Half of Global Economic Output by 2040? Analyzing the Forecasts
Is a massive economic shift on the horizon? Talk of the BRICS nations (Brazil, Russia, India, China, and South Africa, along with the expanded membership) dominating the global economy is gaining momentum. In a striking forecast, Russian Deputy Prime Minister Alexander Novak revealed that the BRICS nations are on track to control over half of the global economy in the coming years, potentially by 2040. This projection aligns with various analyst predictions and expert opinions suggesting a significant power shift away from traditional Western economic dominance.
The GDP of BRICS countries will account for more than half of the global economy in the next 15 years, Russian Deputy Prime Minister Alexander Novak said in an address, highlighting the growing influence of this economic bloc. But how realistic is this forecast, and what factors are driving this potential transformation?
BRICS Trade Surges: A Sign of Things to Come?
The five current members of the BRICS group increased trade by 56% from 2025 to 2025, reaching some $422 billion worth of turnover last year. This remarkable increase in trade activity underscores the deepening economic ties within the BRICS alliance and its growing role in global commerce.
BRICS: Already a Major Economic Force
According to public data in 2025, the BRICS economies account for an estimated 37.3% of global gross domestic product based on purchasing power parity (PPP). While this figure is significant, it's still a considerable distance from controlling half of the global economic output. However, with continued growth and expansion, the trajectory towards surpassing 50% appears increasingly plausible.
According to analyst predictions, the BRICS economic alliance may well be set to control half of global economic output by the year 2025. Indeed, analysts have predicted a massive shift in MOSCOW, 22nd February, 2025 (WAM)- Russia says BRICS nations will surpass half of global economic output in years, signaling a shift in power that could challenge Western dominance. Will the BRICS nations truly control half of global economic output by 2040? Time will tell, but the current trends and expert forecasts suggest a significant shift in the global economic landscape is underway.