One of the world’s newest economic alliances is gaining momentum as BRICS – comprised of original members Brazil, Russia, India, China and South Africa – boast of a potential 40 countries that are looking to join the conglomerate. With just their original members, BRICS already represents 41.5% of the world’s population. It has a higher GDP than the G7 (31.5% of the world’s GDP compared to 30% as of 2023) and some are pegging the potential GDP of BRICS to be more than 50% by 2030.
With such economic muscle, it’s easy to see why countries are lining up to join. But how much sincerity is behind each bid, and what would it mean if they did join?
Depending on which countries jump on board, the acronym could change, with some countries offering letters more favorable to acronyming than others. At this point, BRICS would be in desperate need of another vowel if it hopes to spell out anything worthwhile, but the more generic BRICS+ is always a possibility and a favored term to refer to hypothetical expansion without knowing precisely which countries will be in the next incarnation of the alliance.
Let’s take a look at potential BRICS+ members here:
Friends of BRICS
To start with, a host of countries have already made their formal bid to join BRICS, each with their own motivations. Together, they’re informally known as the “Friends of BRICS”.
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