The BRICS association, which currently comprises Brazil, Russia, India, China, and South Africa, has extended its arms to welcome six new members. Starting in the year 2024, Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, and the UAE will be joining this exclusive club of influential nations.
The Birth of BRICS+
On August 24, 2023, BRICS made the monumental announcement, introducing what is now being referred to as "BRICS+." This expansion brings a delightful twist to an already intriguing group of countries, with their diverse cultures, economies, and diplomatic flavors.
But wait, isn't BRICS becoming a bit like a global 'party-crasher'?
Well, not quite. This expansion is not just about increasing the guest list; it's about redefining global dynamics. Let's dive into the key statistics and trends that BRICS+ brings to the table:
1. Population Powerhouse 🌍
BRICS+ boasts a whopping 46.0% share of the global population. That's right, nearly half of the world's inhabitants will now be represented in this consortium. It's almost as if BRICS+ is saying, "We've got people power!"
2. Economic Muscle 💰
When it comes to the global economy, BRICS+ brings a considerable punch. Their collective GDP accounts for 29.3% of the world's total. That's like having a financial superhero squad in your corner. Don't mess with the economic Avengers!
3. Energy Dominance ⛽
Not to be outdone, BRICS+ also commands a significant chunk of the world's oil production, contributing 43.1% to the global tally. You could say they're "oiling" the wheels of progress.
4. Export Excellence 🚢
BRICS+ nations are no slouches in the export game either. They make up 25.1% of global exports, ensuring that a substantial portion of the world's goods is adorned with a BRICS+ label.
So, why the rush to join BRICS+?
Each of these newcomers has its own unique reasons. From economic aspirations to diplomatic ambitions, they see this as an opportunity to amplify their global influence. And who wouldn't want to be part of a club that has nearly half the world's population as its members?
Looking Ahead 🌟
The inclusion of these six nations signifies a shifting global order, where power and influence are no longer concentrated in the hands of a few. BRICS+ is set to be a lively gathering, with each member bringing their own spice to the mix. Imagine the diplomatic meetings with Saudi Arabian coffee, Iranian tea, Ethiopian injera, Egyptian pyramids, Argentine tango, and Emirati luxury!
