BRICS

association of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates From Wikipedia, the free encyclopedia

BRICS
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BRICS is an acronym used to talk about the countries of Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia, Indonesia and the United Arab Emirates. Many economists think that all these countries are at a similar stage of economic development. When people write about these countries, they usually write "BRICS" or the "BRICS countries".

Quick facts Named after, Formation ...

The acronym was invented by Jim O'Neill, an economist who worked for Goldman Sachs. In 2001, O'Neill wrote an article that he called "Building Better Global Economic BRICs".[1][2][3]

Mexico and South Korea were the only other countries with economies that are like the BRICs. O'Neill did not include these countries because they were considered already more developed, as they were already members of the OECD.[4]

They also proposed to have a “partnership model” for other countries and talked about starting a common currency. They planned to use the US dollar less.[5]

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Countries that are called "partnership countries"

These countries could gain full membership later, but they are not full members. As of 2025's second quarter:

Belarus, Bolivia, Cuba, Kazakhstan, Malaysia, Nigeria, Thailand, Uganda, Uzbekistan, Vietnam

Leaders

Leaders as of 2025's first quarter

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Countries that have applied for membership

A total of 15 countries have formally applied to join BRICS, listed as follows:[6]

References

Bibliography

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