BRICS

Key concepts

How BRICS connects to the ideas, people and events around it.

1. Brazil

   includes member

   Brazil is the largest country in South America and a founding member of BRICS. It contributes significantly to the bloc's agricultural exports, accounting for over 30% of its food trade.

2. Russia

   includes member

   Russia is a transcontinental nation spanning Eastern Europe and Northern Asia and a founding member of BRICS. It provides the bloc with substantial energy resources, exporting over 200 million tonnes of natural gas annually.

3. India

   includes member

   India is the world's second-most populous democracy and a founding member of BRICS. Its technology sector supplies more than 15% of the bloc's software services.

4. China

   includes member

   China is the world's most populous country and a founding member of BRICS. It accounts for roughly 40% of the group's combined GDP.

5. South Africa

   includes member

   South Africa joined BRICS in 2011, becoming the group's only African member. It contributes major mineral exports, providing about 20% of the bloc's platinum output.

6. New Development Bank

   created

   The New Development Bank is a multilateral development bank established by BRICS in 2014. It financed over $30 billion in infrastructure projects across member states by 2023.

7. BRICS summit 2023

   held

   The BRICS summit 2023 was held in Johannesburg, South Africa, and focused on expanding cooperation in trade and security. Leaders adopted the Johannesburg Declaration, pledging a 10% increase in intra‑BRICS trade by 2025.

8. Vladimir Putin

   represented by

   Vladimir Putin is the President of Russia and a prominent BRICS leader. He has advocated for a new global financial architecture, proposing a BRICS payment system in 2022.

Questions about BRICS