Is BRICS+ Gathering Steam as a G7 Rival?

This chart via visual capitalist tracks the G7 and BRICS+ share of the world economy in 2025.

All data is sourced from the International Monetary Fund, last updated in October 2024.

https://lnkd.in/gpf6jUDn

The share is based on nominal GDP in current USD, with figures rounded. For Cuba, a BRICS+ partner, 2020 GDP estimates-the most recent available- were used.

🌐 BRICS Is Expanding

The BRICS+ sphere is growing, adding five new members and 8️⃣ new "partner" countries in in the last year.

Together this bloc accounts for around 29% of the global economy in 2025, which is still dominated by the G7.

The BRICS acronym initially started as a way to signal investment opportunities in fast-growing economies in the 2000s.

Since then, the five founding members (🇧🇷 Brazil, 🇷🇺 Russia, 🇮🇳 India, 🇨🇳 China, 🇿🇦 South Africa) have tried to create a platform supporting a multipolar world, with global institutions that are not funded by Western nations.

Author

AiUTOMATING PEOPLE, ABN ASIA was founded by people with deep roots in academia, with work experience in the US, Holland, Hungary, Japan, South Korea, Singapore, and Vietnam. ABN Asia is where academia and technology meet opportunity. With our cutting-edge solutions and competent software development services, we're helping businesses level up and take on the global scene. Our commitment: Faster. Better. More reliable. In most cases: Cheaper as well.

Feel free to reach out to us whenever you require IT services, digital consulting, off-the-shelf software solutions, or if you'd like to send us requests for proposals (RFPs). You can contact us at [email protected]. We're ready to assist you with all your technology needs.

© ABN ASIA