Following the six-country expansion that took place at the global summit last week, the BRICS now account for almost half of the entire global population. In fact, with the addition of Saudi Arabia, Argentina, Iran, the United Arab Emirates (UAE), Egypt, and Ethiopia, the economic alliance represents 46% of the world’s population.
The bloc had long held a massive amount of the global population, with its recent expansion efforts pushing it further. Moreover, countries like Ethiopia boast high population growth rates, which could only drive the percentage higher in the coming years.
Also Read: BRICS Now Responsible for 43% of All Global Oil Production
BRICS Expansion Leads Bloc to Represent Almost Half of the Global Population
The geopolitical world had its sights set firmly on the BRICS summit last week. There, the bloc discussed vital developments such as expansion and local currency usage. Subsequently, these ideas will lay the groundwork for the bloc’s upward trajectory. Along with the potential for its continued ascension.
Now, following that expansion, the BRICS alliance now accounts for almost half of the global population. Specifically, Visual Capitalist notes that the economic alliance represents exactly 46% of the global population. However, this number could only increase with developing countries like Ethiopia joining the alliance.
Also Read: BRICS Expansion Set to Reshape Global Economics
The expansion has been an overwhelming positive for the bloc in a myriad of ways. Along with the increased population figures, the alliance now represents 43% of global oil production. something that should definitely aid its de-dollarization efforts, as oil sales look to be settled in BRICS local currencies.
Additionally, the expansion plan has brought the alliance its first trillion-dollar economy in the form of Saudi Arabia. Therefore, the bloc has been catapulted to 29% of the global GDP. Conversely, its exported goods now account for 25% of global output. Subsequently benefiting from a small boost from its expanded membership.
