BRICS expands with 9 new partner countries. Now it's half of world population, 41% of global economy
Dec 24, 2024
The recent expansion of BRICS adds 9 new partner countries, boosting its influence to represent half of the global population and over 41% of world GDP. The podcast dives into BRICS' agricultural and energy dominance, highlighting its role in global food production. It also discusses the group's strategies to challenge US economic hegemony with a potential multi-currency system. Insights into the contrasting economic structures of BRICS and the US reveal a shift towards local currency trading and reducing reliance on the US dollar.
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insights INSIGHT
BRICS Expansion
BRICS, a Global South-led forum founded in 2009, is expanding its influence.
It added new members in 2024 and partner countries in 2025, growing its presence in Asia and Africa.
insights INSIGHT
BRICS Partner Status
BRICS partner status signifies a path to full membership, similar to the Shanghai Cooperation Organization (SCO).
BRICS prioritizes economic cooperation and de-dollarization, while the SCO focuses on security.
insights INSIGHT
BRICS Global Influence
BRICS represents roughly half of the global population and over 41% of the global economy (PPP).
Nine of the world's 20 most populous countries are part of BRICS.
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The Global South-led organization BRICS continues to expand, adding 9 partner countries in January 2025, after admitting 4 new members in 2024. The group now makes up roughly half of the global population and more than 41% of world GDP (PPP). It's an economic powerhouse, with top producers of key commodities like oil, gas, grains, meat, minerals, and more. Ben Norton analyzes the growing influence of BRICS+.
VIDEO with charts and maps here: https://www.youtube.com/watch?v=k_shuhJvvBY
BRICS MEMBERSHIP (9 members + 9 partner countries)
- 5 original members are Brazil, Russia, India, China, South Africa.
- 4 new members officially admitted in January 2024 are Egypt, Ethiopia, Iran, UAE. (Saudi Arabia has neither accepted nor denied the invitation. Argentina rejected the offer.)
- 9 confirmed partner countries are Belarus, Bolivia, Cuba, Indonesia, Kazakhstan, Malaysia, Thailand, Uganda, Uzbekistan.
- 4 invited partner countries have not yet given a response: Algeria, Nigeria, Turkey/Türkiye, Vietnam.
Check out our related video on BRICS' plan to transform the global financial system: https://www.youtube.com/watch?v=3pHr5yzLEHA
BRICS plans ‘multi-currency system’ to challenge US dollar dominance: Understanding Russia’s proposal - https://geopoliticaleconomy.com/2024/10/19/brics-russia-multi-currency-system-us-dollar/
Topics
0:00 History of BRICS expansion
0:45 9 new partner countries
1:38 Map of BRICS membership
3:45 BRICS is an economic powerhouse
5:00 What does partner status mean?
5:39 De-dollarization of international financial system
7:06 1/2 of global population
8:35 BRICS economies are bigger than G7
9:24 41% of world GDP (PPP)
10:20 US GDP is overstated
12:49 Food production
17:32 Oil & gas production
18:32 Renewable energy
19:21 Mineral production
20:43 Building a global alternative
22:07 Outro
Geopolitical Economy Report