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Agenda
Origin of Term Other Terms Facts about BRICs Country-wise analysis of
Economy Political Environment Social Indicators
Origin of Term
Coined by Goldman Sachs in a report in 2001
In 2001 and 2002, real GDP growth in large emerging market economies will exceed that of the G7 At end-2000, GDP in US$ on a PPP basis in Brazil, Russia, India and China (BRIC) was about 23.3% of world GDP. On a current GDP basis, BRIC share of world GDP is 8%. Using current GDP, Chinas GDP is bigger than that of Italy. Over the next 10 years, the weight of the BRICs and especially China in world GDP will grow, raising important issues about the global economic impact of fiscal and monetary policy in the BRICs. In line with these prospects, world policymaking forums should be re-organised and in particular, the G7 should be adjusted to incorporate BRIC representatives
Other Terms
BRIMC BRIMCK BRICK BRICS CEMENT
Brazil Economy
GDP
1.984 Tn (PPP) & 1.612 Tn (Nominal) Rank 9th PCI $10,455 Growth rate 5.1% Agriculture 6.5%; Industry 25.8%; Services 67.7%
Imports
$136 Bn
Political Environment
Stable
HDI
0.813 - HIGH Rank 75
2nd largest Coal reserves 2nd Highest Oil producer 4th highest Nuclear Energy
10% of Worlds arable land Water resources 2nd in the world Population 142 Mn
9th largest Density of Population 8 per Sq. Km
Forest Cover %
Largest forest area in the world
Russia Economy
GDP
2.126 Tn (PPP) & 1.255 Tn (Nominal) Rank 6th PCI $15,200 Growth rate 8.1% Agriculture 5.2%; Industry 37%; Services 57.8%
Imports
$291 Bn
Political Environment
Stable
HDI
0.817 - HIGH Rank 71
Rich in natural resources 10% of Worlds arable land Worlds largest exporter
2nd largest importer
China Economy
GDP
8.8 Tn (PPP) & 4.9 Tn (Nominal) Rank 3rd PCI $6,500 Growth rate 8.7%
Distribution of growth
Imports
$1010 Bn
Political Environment
Un-Stable
HDI
0.772 - MEDIUM Rank 91
ANNEXURES
Brazil - Map
Brazil - Deforestation
HDI
Gini
Russia - Map
Russia - GDP
Russia - Exports
China - GDP
China Exports