Politics
Visualizing the BRICS Expansion in 4 Charts
Visualizing the BRICS Expansion in 4 Charts
BRICS is an association of five major countries including Brazil, Russia, India, China, and South Africa. Distinguished by their emerging economies, the group has sought to improve diplomatic coordination, reform global financial institutions, and ultimately serve as a counterbalance to Western hegemony.
On Aug. 24, 2023, BRICS announced that it would formally accept six new members at the start of 2024: Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, and the United Arab Emirates (UAE).
In this graphic, we provide a data-driven overview of how the BRICS expansion will grow the group’s influence and reach.
Share of Global GDP
Because most of the new BRICS members are considered to be developing economies, their addition to the group will not have a major impact on its overall share of GDP.
The following table includes GDP projections for 2023, courtesy of the IMF.
Original BRICS Member | Country | GDP (USD billions) | Share of Global (%) |
---|---|---|---|
Yes | 🇧🇷 Brazil | $2,081 | 2.0% |
Yes | 🇷🇺 Russia | $2,063 | 2.0% |
Yes | 🇮🇳 India | $3,737 | 3.6% |
Yes | 🇨🇳 China | $19,374 | 18.4% |
Yes | 🇿🇦 South Africa | $399 | 0.4% |
No | 🇸🇦 Saudi Arabia | $1,062 | 1.0% |
No | 🇮🇷 Iran | $368 | 0.4% |
No | 🇪🇹 Ethiopia | $156 | 0.1% |
No | 🇪🇬 Egypt | $387 | 0.4% |
No | 🇦🇷 Argentina | $641 | 0.6% |
No | 🇦🇪 UAE | $499 | 0.5% |
- | BRICS Total | $30,767 | 29.3% |
- | Rest of World | $74,362 | 70.7% |
The original six BRICS members are expected to have a combined GDP of $27.6 trillion in 2023, representing 26.3% of the global total. With the new members included, expected GDP climbs slightly to $30.8 trillion, enough for a 29.3% global share.
Share of Global Population
BRICS has always represented a major chunk of global population thanks to China and India, which are the only countries with over 1 billion people.
The two biggest populations being added to BRICS are Ethiopia (126.5 million) and Egypt (112.7 million). See the following table for population data from World Population Review, which is dated as of 2023.
Original BRICS Member | Country | Population | Share of Global (%) |
---|---|---|---|
Yes | 🇧🇷 Brazil | 216,422,446 | 2.7% |
Yes | 🇷🇺 Russia | 144,444,359 | 1.8% |
Yes | 🇮🇳 India | 1,428,627,663 | 17.8% |
Yes | 🇨🇳 China | 1,425,671,352 | 17.7% |
Yes | 🇿🇦 South Africa | 60,414,495 | 0.8% |
No | 🇸🇦 Saudi Arabia | 36,947,025 | 0.5% |
No | 🇮🇷 Iran | 89,172,767 | 1.1% |
No | 🇪🇹 Ethiopia | 126,527,060 | 1.6% |
No | 🇪🇬 Egypt | 112,716,598 | 1.4% |
No | 🇦🇷 Argentina | 45,773,884 | 0.6% |
No | 🇦🇪 UAE | 9,516,871 | 0.1% |
- | BRICS Total | 3.7 billion | 46.0% |
- | Rest of World | 4.3 billion | 54.0% |
It’s possible that BRICS could eventually surpass 50% of global population, as many more countries have expressed their desire to join.
Share of Oil Production
Although the world is trying to move away from fossil fuels, the global oil market is still incredibly large—and BRICS is set to play a much bigger role in it. This is mostly due to the admission of Saudi Arabia, which alone accounts for 12.9% of global oil production.
Based on 2022 figures from the Energy Institute Statistical Review of World Energy, BRICS’ share of oil production will grow from 20.4% to 43.1%.
Original BRICS Member | Country | Thousand Barrels per Day | Share of Global (%) |
---|---|---|---|
Yes | 🇧🇷 Brazil | 3,107 | 3.3% |
Yes | 🇷🇺 Russia | 11,202 | 11.9% |
Yes | 🇮🇳 India | 737 | 0.8% |
Yes | 🇨🇳 China | 4,111 | 4.4% |
Yes | 🇿🇦 South Africa | 0 | 0.0% |
No | 🇸🇦 Saudi Arabia | 12,136 | 12.9% |
No | 🇮🇷 Iran | 3,822 | 4.1% |
No | 🇪🇹 Ethiopia | 0 | 0.0% |
No | 🇪🇬 Egypt | 613 | 0.7% |
No | 🇦🇷 Argentina | 706 | 0.8% |
No | 🇦🇪 UAE | 4,020 | 4.3% |
- | BRICS Total | 40,454 | 43.1% |
- | Rest of World | 53,394 | 56.9% |
It’s worth noting that China has been pushing for oil trade to be denominated in yuan, and that Saudi Arabia’s acceptance into BRICS could bolster this ambition, potentially shifting the dynamics of global oil trade.
Share of Global Exports
The last metric included in our graphic is global exports, which is based on 2022 data from the World Trade Organization. We can see that the BRICS expansion will grow the group’s share of global exports (merchandise trade) to 25.1%, up from 20.2%.
Original BRICS Member | Country | Exports (USD billions) | Share of Global (%) |
---|---|---|---|
Yes | 🇧🇷 Brazil | 334 | 1.3% |
Yes | 🇷🇺 Russia | 532 | 2.1% |
Yes | 🇮🇳 India | 453 | 1.8% |
Yes | 🇨🇳 China | 3,594 | 14.4% |
Yes | 🇿🇦 South Africa | 123 | 0.5% |
No | 🇸🇦 Saudi Arabia | 410 | 1.6% |
No | 🇮🇷 Iran | 73 | 0.3% |
No | 🇪🇹 Ethiopia | 3.9 | 0.02% |
No | 🇪🇬 Egypt | 49 | 0.2% |
No | 🇦🇷 Argentina | 88 | 0.4% |
No | 🇦🇪 UAE | 599 | 2.4% |
- | BRICS Total | 6,259 | 25.1% |
- | Rest of World | 18,646 | 74.9% |
Unsurprisingly, China is the world’s largest exporter. Major exporters that are not a part of BRICS include the U.S. (8.3%), Germany (6.6%), the Netherlands (3.9%), and Japan (3.0%).
Who Else Wants to Join?
According to Reuters, there are over 40 countries that have expressed interest in joining BRICS. A smaller group of 16 countries have actually applied for membership, though, and this list includes Algeria, Cuba, Indonesia, Palestine, and Vietnam.
As the group grows in size, differing opinions and priorities among its members could create tensions in the future. For example, India and China have had numerous border disputes in recent years, while Brazil’s newly elected President has sought to “kickstart a new era of relations” with the U.S.
One thing that is certain, however, is that a new acronym for the group will be needed very soon.
China
Charted: What Southeast Asia Thinks About China & the U.S.
A significant share of respondents from an ASEAN-focused survey are not happy about rising American and Chinese influence in the region.
What Southeast Asia Thinks About China & the U.S.
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
This chart visualizes the results of a 2024 survey conducted by the ASEAN Studies Centre at the ISEAS-Yusof Ishak Institute. Nearly 2,000 respondents were asked if they were worried or welcoming of rising Chinese and American geopolitical influence in their country.
The countries surveyed all belong to the Association of Southeast Asian Nations (ASEAN), a political and economic union of 10 states in Southeast Asia.
Feelings Towards China
On average, a significant share of respondents from all 10 countries are worried about rising influence from both the U.S. and China.
However, overall skepticism is higher for China, at 74% (versus 59% for U.S.).
Country | Worried About Growing 🇨🇳 Influence | Welcome Growing 🇨🇳 Influence |
---|---|---|
🇧🇳 Brunei | 58% | 42% |
🇰🇭 Cambodia | 66% | 34% |
🇮🇩 Indonesia | 57% | 43% |
🇱🇦 Laos | 68% | 32% |
🇲🇾 Malaysia | 56% | 44% |
🇲🇲 Myanmar | 95% | 5% |
🇵🇭 Philippines | 81% | 19% |
🇸🇬 Singapore | 74% | 26% |
🇹🇭 Thailand | 84% | 16% |
🇻🇳 Vietnam | 96% | 4% |
Average | 74% | 27% |
The recently-cooled but still active territorial concerns over the South China Sea may play a significant role in these responses, especially in countries which are also claimants over the sea.
For example, in Vietnam over 95% of respondents said they were worried about China’s growing influence.
Feelings Towards America
Conversely, rising American influence is welcomed in two countries with competing claims in the South China Sea, the Philippines (69%) and Vietnam (55%).
Country | Worried About Growing 🇺🇸 Influence | Welcome Growing 🇺🇸 Influence |
---|---|---|
🇧🇳 Brunei | 73% | 27% |
🇰🇭 Cambodia | 58% | 42% |
🇮🇩 Indonesia | 73% | 27% |
🇱🇦 Laos | 79% | 21% |
🇲🇾 Malaysia | 68% | 32% |
🇲🇲 Myanmar | 45% | 55% |
🇵🇭 Philippines | 32% | 69% |
🇸🇬 Singapore | 37% | 63% |
🇹🇭 Thailand | 80% | 20% |
🇻🇳 Vietnam | 45% | 55% |
Average | 59% | 41% |
Despite this, on a regional average, more respondents worry about growing American influence (59%) than they welcome it (41%).
Interestingly, it seems almost every ASEAN nation has a clear preference for one superpower over the other.
The only exception is Thailand, where those surveyed were not a fan of either option, with 84% worried about China, and 80% worried about the U.S.
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