The Battle for Economic Supremacy: G7 versus BRICS and Saudi Arabia’s Strategic Role

In the escalating rivalry for economic dominance, the G7 confronts the emerging powerhouse alliance of BRICS, with Saudi Arabia’s strategic significance looming large.

2000
🔝 G7 (🇨🇦 🇫🇷 🇩🇪 🇮🇹 🇯🇵 🇬🇧 🇺🇸): 43%
🔻 BRICS (🇧🇷 🇷🇺 🇮🇳 🇨🇳 🇿🇦): 18%

2010
🔝 G7 (🇨🇦 🇫🇷 🇩🇪 🇮🇹 🇯🇵 🇬🇧 🇺🇸): 34.2%
🔻 BRICS (🇧🇷 🇷🇺 🇮🇳 🇨🇳 🇿🇦): 26.5%

2020
⚖️ G7 (🇨🇦 🇫🇷 🇩🇪 🇮🇹 🇯🇵 🇬🇧 🇺🇸): 31%
⚖️ BRICS (🇧🇷 🇷🇺 🇮🇳 🇨🇳 🇿🇦): 31%

2023 (estimates)
🔻 G7 (🇨🇦 🇫🇷 🇩🇪 🇮🇹 🇯🇵 🇬🇧 🇺🇸): 29.9%
🔝 BRICS (🇧🇷 🇷🇺 🇮🇳 🇨🇳 🇿🇦): 32.1%

According to Mohammed Al Qahtani, CEO @ Saudi Arabia Holding Co. “Adding Saudi Arabia to one of these groups could significantly impact their respective shares of global GDP. If Saudi Arabia were added to BRICS, the group’s share would increase to approximately 33.1%, further strengthening its lead over the G7. On the other hand, if Saudi Arabia joined the G7, their share would rise to around 30.9%, still trailing behind BRICS”.

He says, “Given Saudi Arabia’s strategic importance and its substantial GDP, both groups would greatly benefit from its inclusion. However, Saudi Arabia might prefer to maintain balanced relationships with all major economic blocs, avoiding alignment with any group that could conflict with its political agenda and national interests.”