📈 How the World Economy Has Changed & What It’ll Look Like in 2029

What We’re Showing:

This chart tracks the G7 and BRICS countries' share of the world economy since 1980.

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

Data Notes

ℹ️ The share was calculated from nominal GDP measured in current USD. Figures are rounded.

☝️ The source is missing data for Russia from 1980–1991.

Key Takeaways

At one point the G7—a group of advanced economies comprising the U.S., Germany, Japan, UK, France, Canada, and Italy—contributed 68% of the world economy.

That was back in 1986.

Since then economic power has grown in other parts of the world, most notably in BRICS countries: Brazil, Russia, India, China, and South Africa.

Most of this growth has come from China’s post-2000s boom.