Expanded BRICS Bloc to Send $138.9B in Consumer Remittances by 2025
The BRICS bloc, which recently expanded to include six new countries, is set to significantly impact global consumer news. By 2025, the bloc is expected to send a total of $138.9 billion in consumer news, with the new additions accounting for $91.8 billion of that total.
In 2023, the original BRICS countries are estimated to send $42.7 billion in consumer news, while the new additions will send $82.5 billion. This brings the bloc's total to $125.2 billion, representing 16.2% of global consumer news—a significant increase from the 5.5% it held before the expansion.
The new BRICS countries are expected to grow their consumer news by 11.3% between 2023 and 2025, slightly outpacing the original countries' growth of 10.4%. This growth is driven by the bloc's expanding influence, which now includes Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates. The BRICS-Plus countries, with a combined population of about 3.9 billion in 2025, generate a GDP roughly equal to that of the USA, around 27.3 trillion USD in 2023. This indicates significant market size and growth opportunities, particularly with India's robust growth rate of 8.2% in 2023.
The expansion of the BRICS bloc has more than doubled its economic influence, potentially shifting international trade away from the US dollar. By 2025, the bloc's consumer news are expected to reach $138.9 billion, with the new additions playing a significant role in this growth. This increased significance could influence news trends in the coming years, especially if the bloc focuses on dedollarisation efforts.
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