These five countries have more than a quarter of the global population and about 30% of the global GDP. The regional gross domestic product (GDP) is large because these five countries are typical regions in the world economy. After decades of rapid development, they have formed rich and diverse resources and industrial advantages.

This makes the BRICS countries of great significance in commerce, trade and investment. Not only the promotion of regional economy, but also their leap and higher comprehensive strength directly affect the global economy. At the same time, the five countries have established their own investment funds to integrate and regulate domestic and foreign capital flows, especially as one of the big countries in investment and trade development.

In addition to economic strength, the financial system of BRICS countries is also very strong, and new multilateral development banks have been organized to seek support from financial and investment resources. Statistics show that in the election of the International Monetary Fund, the proposal on BRICS countries has gained more and more international support.

Organizational structure and members

Since the establishment of the BRICS cooperation mechanism, the foundation of cooperation has become increasingly solid and the fields have gradually expanded. It has formed a multi-level structure of pragmatic cooperation in dozens of fields, such as economy, trade, finance, science and technology, agriculture, culture, education, health, think tanks and friendship cities, led by leaders' meetings and supported by ministerial meetings such as the meeting of senior representatives on security affairs and the meeting of foreign ministers.

The influence of BRICS cooperation has gone beyond the five countries and become a constructive force to promote world economic growth, improve global governance and promote the democratization of international relations.

BRICS countries account for 26.46% of the world's total territory and 4 1.93% of the world's total population. It is estimated that in 20021year, the total economic output of the five countries will account for about 25.24% of the world, and the total trade volume will account for about 17.9% of the world. In 2022, the voting rights of the five countries in the World Bank were 14.06%, and their total share in the International Monetary Fund was 14. 15%.

Reference to the above content: Baidu Encyclopedia-BRICS countries