What is the GDP of BRICs?
What is the GDP of BRICs?
In 2020, the GDP of all BRIC states amounted to approximately 20.34 trillion U.S. dollars. Gross domestic product in Russia was the second lowest of all four….Gross domestic product (GDP) of the BRIC countries from 2016 to 2026 (in billion U.S. dollars)
| Characteristic | 2019 |
|---|---|
| Brazil | 1,877.11 |
| Russia | 1,689.3 |
| India | 2,870.5 |
Which member country of BRICs has the highest GDP as per 2015?
In 2015, Russia (GDP per capita of $23,564) had a SPI score of 63.64, while Brazil (GDP per capita of $14,555) and South Africa (GDP per capita of $12,106) had SPI scores of 70.89 and 65.64, respectively.
How big is the GDP of the BRIC countries?
This statistic shows the gross domestic product (GDP) of the BRIC countries from 2014 to 2017, with projections up until 2024. The BRIC countries are the emerging countries Brazil, Russia, India and China. In 2017, the GDP of all BRIC states amounted to approximately 18.35 billion U.S. dollars.
What is the role of the BRICS countries?
The changing global environment has seen a greater political and economic role for the BRICS and other emerging powers. By 2020, the BRICS countries are expected to contribute nearly half of all global gross domestic product (GDP) growth.
How is falling commodity prices affecting BRICS economies?
Apart from the Federal rate increase which has contributed to the mounting debt burden for these economies; falling global commodity prices have affected these emerging markets which rely heavily on export led growth.
How does India compare to other BRICS economies?
Moreover, India sees the highest inequality in education among the other BRICS economies. The average number of years of school attended by women between the age group of 25-35 years is as low as 5.6 compared to Russia (13.8) and South Africa (10.4). Another major aspect which is crucial to a nation’s prosperity is Tolerance and inclusion.