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Line 1: − [[File:New Development Bank HQ Shanghai.jpg|right|300px|thumb|BRICS’ New Development Bank headquarters in Shanghai.]]+
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'''BRICS''' is an acronym that refers to the developing economies of [[Brazil]], [[Russia]], [[India]], [[China]], and [[South Africa]]. In 2022 the BRICS group surpassed the [[G7]] of [[Western alliance|Western aligned]] nations in their share of contributions to world [[GDP]]. In August 2023, [[Argentina]], [[Egypt]], [[Ethiopia]], [[Saudi Arabia]], [[Iran]], and the [[United Arab Emirates]] (UAE) formally were admitted to BRICS+. The '''BRICS+''' or '''BRICS 11''' group represents 36% of world GDP, 47% of the world's population, and control's 80% of the [[oil]] production on [[Earth]].
'''BRICS''' is an acronym that refers to the developing economies of [[Brazil]], [[Russia]], [[India]], [[China]], and [[South Africa]]. In 2022 the BRICS group surpassed the [[G7]] of [[Western alliance|Western aligned]] nations in their share of contributions to world [[GDP]]. In August 2023, [[Argentina]], [[Egypt]], [[Ethiopia]], [[Saudi Arabia]], [[Iran]], and the [[United Arab Emirates]] (UAE) formally were admitted to BRICS+. The '''BRICS+''' or '''BRICS 11''' group represents 36% of world GDP, 47% of the world's population, and control's 80% of the [[oil]] production on [[Earth]].