BRIC is a term describing the foreign investment strategies grouping acronym that stands for Brazil, Russia, India, and China. The separate BRICS organisation would go on to become a political and economic organization largely based on such grouping.
Projection of the ten largest economies in the world to 2050, measured in GDP (billions of 2006 USD), according to Goldman Sachs in 2007
The BRIC leaders in 2010
The São Paulo Stock Exchange is the third-largest exchange operator by market value in the world.
Mexico City
BRICS is an intergovernmental organization comprising Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia, and the United Arab Emirates. Originally identified to highlight investment opportunities, the grouping evolved into a cohesive geopolitical bloc, with their governments meeting annually at formal summits and coordinating multilateral policies since 2009. Bilateral relations among BRICS are conducted mainly on the basis of non-interference, equality, and mutual benefit.
Brazilian president Jair Bolsonaro and Russian president Vladimir Putin during the BRICS in Brasília, Brazil
BRICS Tower headquarters in Shanghai
New Development Bank's logo
Meeting of BRICS foreign ministers on 22 September 2022