Abstract:

In the context of the modern world economy, the issues of further development of the BRICS countries, their participation in international trade, strengthening their positions in the political arena, as well as the joint creation of financial institutions, acquire particular relevance not only within the group, but also outside of it.

The article examines the BRICS countries and their impact on the global economy since over the past few decades, the BRICS countries have begun to play a vital role in the global economy in terms of total output, investment capital, and the consumer services market. It was revealed that the BRICS members are rapidly developing, large countries that have a large number of important resources for the world economy and, in turn, complement each other favorably. Since in the BRICS countries, the extractive industry plays an important role in the national economy, which is one of the main sources of financial receipts in the course of foreign economic activity, an analysis of the extractive industries of these countries was carried out.