Amid its ongoing rise over the last several years, the BRICS economic alliance has made landmark progress in the ongoing GDP race that could have massive implications for the collective. Indeed, the bloc has continued to seek a greater role in the global market. Now, its latest progression has paved the way for that to take place.

The BRICS group has not been shy about its hope for a multipolar world. Specifically, it has sought to challenge status quos that have benefited several countries at the behest of others. That focus has not shifted this year. Moreover, it could take a major step forward with the imminent 2025 summit set to be one of its most important.

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BRICS Hit Groundbreaking GDP Level Amid Ongoing De-Dollarization Motives

At the start of the year, tensions began to form between both the US and the BRICS economic alliance. Indeed, US President Donald Trump threatened 150% tariffs on the bloc to deter its efforts to derail the status of the dollar. Those import duty increases arrived, in a certain sense, as the bloc refused to halt its ongoing efforts.

Its recent rise has proven the value of that perspective. Indeed, the BRICS alliance has made landmark progress in the ongoing GDP race as it continues to show its worth on an international level. Specifically, a new report notes that the bloc has reached 40% of the global GDP, according to IMF projections.

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Those projections forecast the BRICS nations to record a 3.4% economic growth rate. Specifically, that is far above the rate of the US, which stands at just 1.4%. Additionally, the bloc’s purchasing power parity (PPP) now holds 41% of the global GDP as it continues to solidify its worth.

The question is, can that continue to grow? The bloc has not been shy about its hopes to continue expansion efforts. It has grown over the last several years, with that expected to carry on in its 2025 annual summit. With so many geopolitical uncertainties abounding, the most important annual summit meeting of the collective’s existence.