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Outcome of the 16th BRICS Summit in Kazan, Russia
Under Russia's presidency, BRICS (acronym for the founding states – Brazil, Russia, India and China) held its first summit following the group's expansion on 1 January 2024, from 22 to 24 October in Kazan (Russia). With more than 30 delegations, 22 heads of state or government and several representatives of international organisations including United Nations (UN) Secretary-General António Guterres attending, the summit was a diplomatic success for Russia: it offered President Vladimir Putin the ...
BRICS+: Economic indicators and trade with EU
Our infographic shows the overview of the BRICS+ countries’ economic and trade relations with the EU. All 9 BRICS+ states have experienced a relatively consistent increase in their GDP per capita (PPP) since 2007. Female labour force participation rates vary significantly from country to country. At the extremes are Iran with 14.4, and Ethiopia, with 74.8%. EU trade in goods (imports and exports) with the BRICS+ countries has risen steadily comparatively to 2007 volumes. The BRICS+ group is now the ...
Expansion of BRICS: A quest for greater global influence?
On 1 January 2024, BRICS – the intergovernmental organisation comprising Brazil, Russia, India, China and South Africa – admitted four new members: Egypt, Ethiopia, Iran and the United Arab Emirates. The group's decision to open the door to new members was taken at its Johannesburg summit in August 2023, sparking a debate about its growing international influence. According to estimates, BRICS+, as the organisation has been informally called since its expansion, now accounts for 37.3 % of world GDP ...