Global InformationBRICS information
 | It has been suggested that BRIC be merged into this article. (Discuss) Proposed since December 2023. |
 Logo of the 15th BRICS summit (2023) | |
 BRICS representatives at the 2023 summit, from left to right: Lula da Silva, Xi Jinping, Cyril Ramaphosa, Narendra Modi, and Sergey Lavrov | |
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Member states | |
| Abbreviation | BRICS |
|---|---|
| Named after | Founder member states' initials (in English) |
| Predecessor | BRIC (informal) |
| Founded at | Yekaterinburg, Russia (1st BRIC summit) |
| Type | Intergovernmental organization |
| Purpose | Political and economical |
| Fields | International politics |
Membership | 9 member states
|
| Funding | Member states |
| Website | https://brics2023.gov.za/ |
BRICS is an intergovernmental organization comprising Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia, and the United Arab Emirates. Originally identified to highlight investment opportunities,[1] the grouping evolved into a cohesive geopolitical bloc, with their governments meeting annually at formal summits and coordinating multilateral policies since 2009. Bilateral relations among BRICS are conducted mainly on the basis of non-interference, equality, and mutual benefit.[2]
The founding countries of Brazil, Russia, India, and China held the first summit in Yekaterinburg in 2009, with South Africa joining the bloc a year later.[3][4] Iran, Egypt, Ethiopia, and the United Arab Emirates joined the organization on 1 January 2024.[5][6]
Combined, the BRICS members encompass about 30% of the world's land surface and 45% of the global population.[a] Brazil, Russia, India, and China are among the world's ten largest countries by population, area, and gross domestic product (GDP) nominal and by purchasing power parity. All five initial member states are members of the G20, with a combined nominal GDP of US$28 trillion (about 27% of the gross world product), a total GDP (PPP) of around US$57 trillion (33% of global GDP PPP), and an estimated US$4.5 trillion in combined foreign reserves (as of 2018).[8][9]
The BRICS countries are considered the foremost geopolitical rival to the G7 bloc of leading advanced economies, implementing competing initiatives such as the New Development Bank, the BRICS Contingent Reserve Arrangement, the BRICS pay, the BRICS Joint Statistical Publication[10] and the BRICS basket reserve currency.[11]
BRICS has received both praise[12][13] and criticism[14][15][16] from numerous commentators.
- ^ "Goldman's BRIC Era Ends as Fund Folds After Years of Losses". Bloomberg. 8 November 2015. Archived from the original on 31 January 2023. Retrieved 10 November 2022.
- ^ Gutemberg Pacheco Lopes Junior. "The Sino-Brazilian Principles in a Latin American and BRICS Context: The Case for Comparative Public Budgeting Legal Research; Wisconsin International Law Journal; 13 May 2015" (PDF). University of Wisconsin Law School. Archived (PDF) from the original on 30 September 2021. Retrieved 7 September 2016.
- ^ "What is BRICS, which countries want to join and why?". Archived from the original on 18 November 2023. Retrieved 8 February 2024.
- ^ Oliver Stuenkel (2020). The BRICS and the Future of Global Order (2 ed.). Lexington Books. p. 1. ISBN 978-0739193211.
- ^ "BRICS expansion: five countries join ranks". Africa News. 2 January 2024. Archived from the original on 4 January 2024. Retrieved 4 January 2024.
- ^ "Iran, UAE, Egypt and Ethiopia join BRICS". The Jerusalem Post | JPost.com. 3 January 2024. Archived from the original on 3 January 2024. Retrieved 9 January 2024.
- ^ "Total Population – Both Sexes". World Population Prospects, the 2019 Revision. United Nations Department of Economic and Social Affairs, Population Division, Population Estimates and Projections Section. June 2019. Archived from the original on 18 February 2020. Retrieved 17 June 2019.
- ^ "Report for Selected Countries and Subjects". IMF. Archived from the original on 30 April 2023. Retrieved 17 April 2023.
- ^ Marquand, Robert (18 October 2011). "Amid BRICS' rise and 'Arab Spring', a new global order forms". The Christian Science Monitor. Archived from the original on 20 October 2011. Retrieved 20 October 2011.
- ^ "BRICS Joint Statistical Publications". Federal State Statistics Service. Archived from the original on 17 January 2024.
- ^ Raimondi, Paolo (2 September 2023). "BRICS: The role of the unit of account for the new "basket of currencies"". India Foundation. Archived from the original on 4 October 2023.
- ^ "ILO head praises BRICS countries' commitment to social dialogue". ILO. 3 August 2018. Archived from the original on 25 August 2023. Retrieved 25 August 2023.
- ^ Wolff, Richard D. (3 October 2022). "BRICS: the powerful global alliance". canadiandimension.com. Archived from the original on 25 August 2023. Retrieved 25 August 2023.
- ^ Maitra, Sumantra (18 April 2013). "BRICS – India is the biggest loser". USINPAC. Archived from the original on 28 October 2013. Retrieved 17 June 2013.
- ^ Blakeley, Grace (15 February 2023). "BRIC Nationalism Is No Alternative". Jacobin. Archived from the original on 25 August 2023. Retrieved 25 August 2023.
- ^ Coughlin, Con (24 August 2023). "Brics is now a motley crew of failing states". The Daily Telegraph. ISSN 0307-1235. Archived from the original on 25 August 2023. Retrieved 25 August 2023.
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