The BRICS bloc is expanding its reach and solidifying its position as a significant force in the global economy. With the addition of new members Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates, BRICS now comprises Brazil, Russia, India, China, South Africa, and these new entrants, forming a robust multilateral mechanism.
Together, these nations represent nearly half of the world’s population and cover more than a third of the planet’s land area. The combined GDP of BRICS countries stands at an impressive $28.3 trillion, contributing 27 percent to the global economy. Handling $10.4 trillion in trade, they account for 21.5 percent of worldwide exports and imports.
This growing bloc is playing an increasingly vital role in shaping the future of global trade and economics. The expansion not only amplifies their collective economic clout but also enhances cooperation among emerging economies. As BRICS continues to evolve, its influence is expected to have significant implications for global economic dynamics, offering new opportunities for growth and development across member nations.
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Graphics: BRICS expands as a growing force in the global economy
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