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The BRICS alliance boasts of nations with the fastest growing economies as their GDP is climbing higher against G7 countries. The development is worrisome as developing countries in BRICS could begin to challenge the Western world of G7 countries’ GDP. The trade wars between BRICS and G7 have already begun as the bloc is looking to dethrone the US dollar. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. Also Read: BRICS Continue Gold Buying Spree in 2024 In this article, we will compare the BRICS GDP vs the G7 countries of the Western financial world. Here’s how both BRICS and G7 alliances will fare and move up the GDP ladder in the coming decades. BRICS GDP vs G7 Countries Source: cadtm.com China has a GDP of $19.3 trillion taking a larger share of the global economy at 18%. Additionally, its counterpart India comes at a distant second with a GDP of $3.7 trillion contributing 4% to the world’s econo...

The BRICS alliance is advancing to eliminate the US dollar financial system and replace it with leading local currencies. BRICS is challenging the global financial order dominated by the West and is taking on G7 countries in GDP growth. The BRICS GDP remains a force to reckon with and is paramount to the growing global economy. Read here to know how many sectors in the US could be affected if BRICS completely stops using the dollar for trade. Also Read: 3 BRICS Countries Dump $18.5 Billion in US Treasuries BRICS members China and India’s GDP have expanded tremendously over the years while G7 countries Germany and Canada remain stagnant. The development could lead to a paradigm shift in the traditional financial sector putting developing countries ahead of developed nations. In this article, we will highlight the comparison between G7 and BRICS GDP. BRICS vs. G7 GDP Source: cadtm.org The G7 bloc is bigger in terms of GDP compared to the newly expanded 11-member BRI...