Member Countries
Brazil
Population: 221.6 million
GDP: $2.2 trillion
Key Industries: Agriculture, Mining, Manufacturing
Russia
Population: 146.2 million
GDP: $2.1 trillion
Key Industries: Energy, Defense, Mining
India
Population: 1.462 billion
GDP: $3.9 trillion
Key Industries: IT, Pharmaceuticals, Agriculture
China
Population: 1.474 billion
GDP: $19.4 trillion
Key Industries: Manufacturing, Technology, Construction
South Africa
Population: 63.1 million
GDP: $384 billion
Key Industries: Mining, Manufacturing, Tourism
Historical Timeline
- 2001: Term "BRIC" coined by Jim O'Neill
- 2006: First BRIC Foreign Ministers' Meeting
- 2009: First BRIC Summit in Yekaterinburg, Russia
- 2010: South Africa invited to join, forming BRICS
- 2014: New Development Bank established
- 2023: Expansion announced with 6 new members
Six New Members (2023)
Argentina
Population: 47.5 million
GDP: $683 billion
Key Industries: Agriculture, Automotive, Mining
Egypt
Population: 118.4 million
GDP: $410 billion
Key Industries: Tourism, Suez Canal, Agriculture
Ethiopia
Population: 128.6 million
GDP: $174 billion
Key Industries: Agriculture, Textiles, Hydropower
Iran
Population: 89.5 million
GDP: $425 billion
Key Industries: Oil & Gas, Petrochemicals, Agriculture
Saudi Arabia
Population: 37.3 million
GDP: $1.17 trillion
Key Industries: Oil, Petrochemicals, Construction
United Arab Emirates
Population: 10.2 million
GDP: $550 billion
Key Industries: Oil, Tourism, Finance, Trade
Strategic Objectives
Economic Cooperation
Promoting trade, investment, and financial cooperation among member states and with other emerging economies.
Political Coordination
Enhancing dialogue and cooperation on international peace, security, and global governance reform.
Development Finance
Providing alternatives to traditional Western-dominated financial institutions through the New Development Bank.
Cultural Exchange
Promoting people-to-people exchanges and cultural understanding among member nations.