The BRICS nations—now comprising 11 member countries and 10 partner countries as of 2025—are making waves on the global economic stage. According to recent World Bank data, China leads the group with the highest GDP among BRICS nations. In 2023, six member countries surpassed the $1 trillion mark in GDP, showcasing the growing economic power of the bloc.
The remaining five member countries, along with all 10 partner countries, each recorded a GDP of over $45 billion that year. This significant growth highlights the increasing influence of developing economies in the global market.
Trade relations within BRICS have also strengthened. In 2024, Russia emerged as China's largest trading partner among BRICS members, while Vietnam topped the list among BRICS partner countries, according to the General Administration of Customs of China.
Looking ahead, the 17th BRICS Summit is set to take place in Rio de Janeiro, Brazil, from July 6 to 7. Leaders and representatives from member and partner countries will gather to discuss collaborative strategies to further enhance economic growth and cooperation.
The ascent of the BRICS nations signifies a shift in global economic dynamics, emphasizing the rising significance of emerging economies.
