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 <p>The BRICS alliance is advancing at a rapid pace to outperform the G7 nations’ GDP in purchasing power parity (PPP). BRICS accounted for 19% of the global GDP in purchasing power parity terms. However, the new BRICS Plus, an 11-member bloc gave it a boost and now accounts for 36% of GDP in PPP this year.</p>
 <p><strong>Also Read: BRICS: Dangers Emerge for Import-Export Sector as US Dollar Rises</strong></p>
 <p>According to the latest report, <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> plus GDP in PPP could reach 45% of the world’s economy in 2040, reported Bloomberg. The rapid rise of <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> could potentially pose a threat to G7 nations and the Western-backed financial world. <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> looks ambitious to dethrone the US dollar and replace a new currency as the world’s reserve status.</p>
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 <p>Read here to know how many sectors in the US will be affected if <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> stops using the dollar the trade. The move could send the US economy crashing and also lead to hyperinflation in the homeland. The next few decades remain crucial for the US dollar as external forces are advancing to dethrone the greenback.</p>
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 <p><strong>Also Read: BRICS Intra-Trade Reaches 37% of The World’s Transactions</strong></p>
 <h2 class="wp-block-heading" id="h-brics-gdp-aims-to-lead-in-global-gdp-amp-ppp">BRICS: GDP Aims To Lead in Global GDP &amp; PPP</h2>
 <figure class="wp-block-image size-full"><img decoding="async" width="1024" height="682" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="BRICS" class="wp-image-83673 ewww_webp" sizes="(max-width: 1024px) 100vw, 1024px" data-src-img="https://cdn.thebittimes.com/images/2023/11/09/01b3c4604f17db90050692463f15580f.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/11/09/01b3c4604f17db90050692463f15580f.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/11/09/01b3c4604f17db90050692463f15580f.webp.webp 1024w, https://cdn.thebittimes.com/images/2023/11/09/01b3c4604f17db90050692463f15580f.webp.webp 300w, https://cdn.thebittimes.com/images/2023/11/09/01b3c4604f17db90050692463f15580f.webp.webp 768w, https://cdn.thebittimes.com/images/2023/11/09/01b3c4604f17db90050692463f15580f.webp.webp 380w, https://cdn.thebittimes.com/images/2023/11/09/01b3c4604f17db90050692463f15580f.webp.webp 550w, https://cdn.thebittimes.com/images/2023/11/09/01b3c4604f17db90050692463f15580f.webp.webp 800w" data-srcset-img="https://cdn.thebittimes.com/images/2023/11/09/01b3c4604f17db90050692463f15580f.webp 1024w, https://cdn.thebittimes.com/images/2023/11/09/01b3c4604f17db90050692463f15580f.webp 300w, https://cdn.thebittimes.com/images/2023/11/09/01b3c4604f17db90050692463f15580f.webp 768w, https://cdn.thebittimes.com/images/2023/11/09/01b3c4604f17db90050692463f15580f.webp 380w, https://cdn.thebittimes.com/images/2023/11/09/01b3c4604f17db90050692463f15580f.webp 550w, https://cdn.thebittimes.com/images/2023/11/09/01b3c4604f17db90050692463f15580f.webp 800w" data-eio="j">
  <noscript><img decoding="async" width="1024" height="682" src="https://cdn.thebittimes.com/images/2023/11/09/01b3c4604f17db90050692463f15580f.webp" alt="BRICS" class="wp-image-83673" srcset="https://cdn.thebittimes.com/images/2023/11/09/01b3c4604f17db90050692463f15580f.webp 1024w, https://cdn.thebittimes.com/images/2023/11/09/01b3c4604f17db90050692463f15580f.webp 300w, https://cdn.thebittimes.com/images/2023/11/09/01b3c4604f17db90050692463f15580f.webp 768w, https://cdn.thebittimes.com/images/2023/11/09/01b3c4604f17db90050692463f15580f.webp 380w, https://cdn.thebittimes.com/images/2023/11/09/01b3c4604f17db90050692463f15580f.webp 550w, https://cdn.thebittimes.com/images/2023/11/09/01b3c4604f17db90050692463f15580f.webp 800w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source: Tutwa Consulting Group
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 <p>A recent report from Goldman Sachs highlights that the U.S. GDP could drop to third place by 2075. <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> countries China and India will have a bigger GDP than that of the US, according to the investment bank’s <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>. China and India’s GDP could reach $57 trillion and $52.5 trillion, respectively. However, the US GDP could remain at the third spot at $51.5 trillion, the investment bank estimates.</p>
 <p><strong>Also Read: Indian Man Finds $3 Million US Dollars on Railway Tracks Marked to UNO</strong></p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">World's biggest economies in 2075, projected by Goldman Sachs:<br><br>🇨🇳 China: $57 trillion<br>🇮🇳 India: $52.5 trillion<br>🇺🇸 United States: $51.5 trillion<br>🇮🇩 Indonesia: $13.7 trillion<br>🇳🇬 Nigeria: $13.1 trillion<br>🇵🇰 Pakistan: $12.3 trillion<br>🇪🇬 Egypt: $10.4 trillion<br>🇧🇷 Brazil: $8.7 trillion…</p>— BRICS (@BRICSinfo) July 12, 2023
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 <p>Therefore, the US could be $1 trillion behind India and $5.5 trillion behind China. The move gives <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> leverage to control the global finances and sideline the US and other Western allies. The development could end the traditional financial order as we know it and lead to a new world order. The next few decades could tilt the power from the West to the East and limit America’s domination in the global sphere.</p>
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<div class="cs-entry__tags">
 <ul>
  <li>BRICS</li>
  <li>BRICS GDP</li>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/brics-gdp-in-purchasing-power-parity-to-reach-45-of-world-s-economy-tbt69660.html">https://thebittimes.com/brics-gdp-in-purchasing-power-parity-to-reach-45-of-world-s-economy-tbt69660.html</a></p>

BRICS: GDP in Purchasing Power Parity To Reach 45% Of World’s Economy

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