The BRICS countries’ GDP volume is rising above that of their competitor G7 from financial projections in 2025 to 2028. For the uninitiated, GDP volume provides a more accurate picture of economic growth by removing the effects of price changes. It is a projection representing the total value of goods and services produced within a country, but adjusted for inflation.

The BRICS nations’ GDP volume is projected to grow 2x to 3x faster than that of the G7 countries. While the BRICS bloc is forecasted to rise by 4.2% to 5.1%, the G7 group is estimated to grow by 1.3% to 1.8%. Therefore, on average, BRICS is expected to grow 2x to 3x faster than its counterpart, the G7.

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BRICS Nations’ GDP Volume Rises Above G7 3x Faster

Here’s the projected GDP volume for G7 countries:

1. United States: 1.7% – 2.0%
2. Japan: 1.0% – 1.2%
3. Germany: 1.1% – 1.4%
4. United Kingdom: 1.2% – 1.5%
5. France: 1.3% – 1.6%
6. Italy: 0.8% – 1.2%
7. Canada: 1.4% – 1.7%

Also Read: BRICS Must Settle $6.6 Trillion Worth of Foreign Exchange to Beat USD

Below is the projected GDP volume for BRICS countries:

1. India: 6.2% – 6.8%

2. China: 4.5% – 5.0%

3. Brazil: 2.0% – 2.3%

4. Russia: 1.5% – 2.2%

5. South Africa: 1.4% – 1.7%

6. Egypt: 3.0% – 3.6%

7. Iran: 2.0% – 2.5%

8: Ethiopia: 5.5% – 6.0%

9. UAE: 3.5% – 3.9%

10. Indonesia: 5.1% – 5.2%

While all of G7 countries GDP by volume is less than 2%, nine BRICS countries are above the 2% mark. “The ‘Great Seven’ is not great anymore,” said Russia’s Deputy Presidential Administration Chief Maxim Oreshkin to Tass. “G7 countries were twice above the size of BRICS countries in the 1990s, then BRICS countries are already above the volume of the countries of the Group of Seven in terms of the GDP volume,” Oreshkin said.