BRICS—initially composed of Brazil, Russia, India, China, and South Africa—has recently expanded to 11 full members: Egypt, Ethiopia, Iran, UAE, Indonesia, and Saudi Arabia joined between 2024–2025. This expansion transforms BRICS into a powerhouse that now:
- Represents ~45–50% of the world population
- Commands ≈ 37–40% of global GDP by PPP
- Controls nearly 42% of global oil production
At the 17th Summit in Rio (July 6–7, 2025), member states reaffirmed intentions to reform global governance, strengthen the Global South, and reduce dependency on Western-dominated systems.