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    BRICS - Wikipedia

    • BRICS is an intergovernmental organization consisting of ten countries—Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates. It is considered to be a counterpart and alternative to the G7 bloc of the world's largest economies and combined represent nearly half of the world's po… See more

    History

    The term BRIC was originally developed in the context of foreign investment strategies. It was introduced in the … See more

    Statistics

    BRICS+ accounts for 46% of the world's population, and 25% of the world's landmass. The economy of the BRICS has risen by 356.27% between 1990 and 2019. In 2022, BRICS+ share of world GDP at purchasing … See more

    Named afterFirst five member states' initials in English
    Founded atYekaterinburg, Russia · (1st BRIC summit)
    PurposePolitical and economical
    Member states

    While there is currently no formal application process to join BRICS, any hopeful government must receive the unanimous backing of all member states to receive an invitation. It was not until the early 2020… See more

    Financial architecture

    Currently, the group is dominated by China, which has the largest share of the group's GDP, accounting to about 70% of the organization total.
    The financial architecture of BRICS is made of the … See more

    Reception

    Western analysts have highlighted potential divisions and weaknesses in the grouping, including significant economic instabilities, disagreements among the members over UN Security Council reform, and India and China's dis… See more

    BRICS Pro Tempore Presidency

    The group at each summit elects one of the heads of state of the component countries to serve as President Pro Tempore of the BRICS. In 2019, the position was held by the president of Brazil.
    The prioriti… See more

    See also

    Belt and Road Initiative – Chinese global infrastructure project
    BRICS Games – Multi-sport event involving athletes from the BRICS+ Nations
    Developing country – Nation with a lower living standard relative to more de… See more

     
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