Since the beginning of the 21st century, the BRICS countries have been considered the five foremost developing economies in the world. Originally, the term BRIC was used by economists when talking about the emerging economies of Brazil, Russia, India, and China, however these countries have held annual summits since 2009, and the group has expanded to include South Africa since 2010. China has the largest GDP of the BRICS country, at 16.86 trillion U.S. dollars in 2021, while the others are all below three trillion. Combined, the BRICS bloc has a GDP over 25.85 trillion U.S. dollars in 2022, which is slightly more than the United States. BRICS economic development China has consistently been the largest economy of this bloc, and its rapid growth has seen it become the second largest economy in the world, behind the U.S.. China's growth has also been much faster than the other BRICS countries; for example, when compared with the second largest BRICS economy, its GDP was less than double the size of Brazil's in 2000, but is almost six times larger than India's in 2021. Since 2000, the country with the second largest GDP has fluctuated between Brazil, Russia, and India, due to a variety of factors, although India has held this position since 2015 (when the other two experienced recession), and it's growth rate is on track to surpass China's in the coming decade. South Africa has consistently had the smallest economy of the BRICS bloc, and it has just the third largest economy in Africa; its inclusion in this group is due to the fact that it is the most advanced and stable major economy in Africa, and it holds strategic importance due to the financial potential of the continent in the coming decades. Future developments It is predicted that China's GDP will overtake that of the U.S. by the end of the 2020s, to become the largest economy in the world, while some also estimate that India will also overtake the U.S. around the middle of the century. Additionally, the BRICS group is more than just an economic or trading bloc, and its New Development Bank was established in 2014 to invest in sustainable infrastructure and renewable energy across the globe. While relations between its members were often strained or of less significance in the 20th century, their current initiatives have given them a much greater international influence. The traditional great powers represented in the Group of Seven (G7) have seen their international power wane in recent decades, while BRICS countries have seen theirs grow, especially on a regional level. Today, the original BRIC countries combine with the Group of Seven (G7), to make up 11 of the world's 12 largest economies, but it is predicted that they will move further up on this list in the coming decades.

The BRICS countries overtook the G7 countries share of the world's total gross domestic product (GDP) in terms of purchasing power parity (PPP) in 2018. By 2024, the difference had increased even further, the BRICS now holding a total 35 percent of the world's GDP compared to 30 percent held by the G7 countries.

The combined value of the gross domestic product (GDP) in purchasing power parity (PPP) of the BRICS Plus countries increased significantly since 2000, overtaking that of the G7 in 2015. This is mainly due to the economic development of China over the past decades.

This dataset contains the variables used in this power sector policy paper, expect CO2 emission intensity (IEA database) data due to IEA licensing agreement as the product was purchased from them. The dataset contains data on 34 OECD countries (while the analysis only included 34) and 5 BRICS countries, from 1990 - 2019. The power sector policy paper uses a time period from 2000-2018 (with some models running to 2019 using IEA estimates).

The variables used in the analysis are: - CO2 emission intensity per KWh (Data not included due to copy right from IEA, 3 example data points included for refererence). - Emission trading system price, both national and with adjusted price by relative size for sub-national systems (Cross-referenced from several sources). - Feed-in tariffs for solar PV and wind (OECD.Stat database). - Public environmental R&D and patent data on climate change mitigation technologies related to (1) energy generation, transmission or distribution (OECD.Stat green growth database). - Industrial energy consumption (OECD.Stat database). - GDP per capita, Industry share of GDP, Residental electricity consumption (World bank indicators). - Installed renewable energy capacity (IRENA database).

The size of the five original BRICS economies in 2023 - Brazil, Russia, China, India, South Africa - is comparable to the United States and the EU-27 put together. On a PPP (purchasing power parity) basis, China ranks as the world's largest economy. India takes up the economic parity of about **** the EU-27. The rise of these developing economies gave rise to questions on the role the United States plays in international trade and cross-border finance. FX reserve managers around the world expect to shift their holdings towards the Chinese yuan in the long term, as of 2023.

The statistic shows gross domestic product (GDP) in Brazil from 1987 to 2024, with projections up until 2030. Gross domestic product denotes the aggregate value of all services and goods produced within a country in any given year. GDP is an important indicator of a country's economic power. In 2024, Brazil's gross domestic product amounted to around 2.17 trillion U.S. dollars. In comparison to the GDP of the other BRIC countries India, Russia and China, Brazil was ranked third that year. Brazil's national finances Brazil is one of the fastest growing economies in the world and the largest amongst all Latin American countries. Brazil is also a member of multiple economic organizations such as the G20 as well as one of the four countries in the BRIC economies, which consist of Brazil, Russia, India and China. Despite having one of the lower populations out of the four countries, Brazil maintained a relatively stable dollar value of all goods and services produced within the country in comparison to India, for example. This indicates that unemployment is low and in general business demand within the country has become relatively high. Spending within the country has been relatively high, however is considered to be normal, especially for developing countries. It is expected that developing economies have a budget deficit of roughly 3 percent, primarily because spending is needed in order to fuel an economy at most times. However, most Brazilians still have faith in their country’s economic future and still believe that their own personal financial situation will improve along with the country’s economic position in the world.

In 2025, the United States had the largest economy in the world, with a gross domestic product of over 30 trillion U.S. dollars. China had the second largest economy, at around 19.23 trillion U.S. dollars. Recent adjustments in the list have seen Germany's economy overtake Japan's to become the third-largest in the world in 2023, while Brazil's economy moved ahead of Russia's in 2024. Global gross domestic product Global gross domestic product amounts to almost 110 trillion U.S. dollars, with the United States making up more than one-quarter of this figure alone. The 12 largest economies in the world include all Group of Seven (G7) economies, as well as the four largest BRICS economies. The U.S. has consistently had the world's largest economy since the interwar period, and while previous reports estimated it would be overtaken by China in the 2020s, more recent projections estimate the U.S. economy will remain the largest by a considerable margin going into the 2030s.The gross domestic product of a country is calculated by taking spending and trade into account, to show how much the country can produce in a certain amount of time, usually per year. It represents the value of all goods and services produced during that year. Those countries considered to have emerging or developing economies account for almost 60 percent of global gross domestic product, while advanced economies make up over 40 percent.

According to Cognitive Market Research, the global BRIC Diagnostic Imaging Equipment market size is USD 5.1 billion in 2024 and will expand at a compound yearly growth rate (CAGR) of 4.3% from 2024 to 2031. Market Dynamics of BRIC Diagnostic Imaging Equipment Market

Key Drivers for BRIC Diagnostic Imaging Equipment Market

Increasing Prevalence of Chronic Diseases - The increasing incidence of chronic diseases such as cardiovascular diseases, cancer, and diabetes in BRIC (Brazil, Russia, India, China) countries significantly drives the demand for diagnostic imaging equipment. These conditions necessitate early and accurate diagnosis for effective treatment, leading to heightened utilization of imaging technologies like MRI, CT scans, and ultrasound. As the population ages and lifestyle-related health issues rise, the need for advanced diagnostic tools grows, prompting healthcare facilities to invest in state-of-the-art imaging equipment to enhance diagnostic capabilities and improve patient outcomes.
The expanding healthcare infrastructure is anticipated to drive the BRIC Diagnostic Imaging Equipment market's expansion in the years ahead.

Key Restraints for BRIC Diagnostic Imaging Equipment Market

The economic fluctuations impacting purchasing power and healthcare investments limit the BRIC Diagnostic Imaging Equipment industry growth.
The market also faces significant difficulties related to regulatory hurdles for market entry and product registration.

Introduction of the BRIC Diagnostic Imaging Equipment Market

The BRIC diagnostic imaging equipment market encompasses Brazil, Russia, India, and China, representing rapidly developing economies with burgeoning healthcare sectors. This market segment is integral to modern medical diagnostics, encompassing various imaging modalities such as X-ray, MRI, CT scans, ultrasound, and nuclear imaging. The demand for diagnostic imaging equipment in these countries is driven by factors like population growth, rising prevalence of the chronic diseases, surging healthcare expenditure, and infrastructure development in the healthcare sector. Despite significant growth prospects, challenges persist, including regulatory hurdles, limited access to advanced healthcare facilities in rural areas, and economic volatility affecting purchasing power. Moreover, competition among global and domestic manufacturers intensifies, compelling players to innovate technologically and offer cost-effective solutions tailored to the specific requirements of these emerging markets. Overall, the BRIC diagnostic imaging equipment market presents lucrative opportunities alongside unique challenges for stakeholders seeking to capitalize on the region's evolving healthcare landscape.

The statistic shows GDP in India from 1987 to 2024, with projections up until 2030. In 2024, GDP in India was at around 3.91 trillion U.S. dollars, and it is expected to reach six trillion by the end of the decade. See figures on India's economic growth here, and the Russian GDP for comparison. Historical development of the Indian economy In the 1950s and 1960s, the decision of the newly independent Indian government to adopt a mixed economy, adopting both elements of both capitalist and socialist systems, resulted in huge inefficiencies borne out of the culture of interventionism that was a direct result of the lackluster implementation of policy and failings within the system itself. The desire to move towards a Soviet style mass planning system failed to gain much momentum in the Indian case due to a number of hindrances, an unskilled workforce being one of many.When the government of the early 90’s saw the creation of small-scale industry in large numbers due to the removal of price controls, the economy started to bounce back, but with the collapse of the Soviet Union - India’s main trading partner - the hampering effects of socialist policy on the economy were exposed and it underwent a large-scale liberalization. By the turn of the 21st century, India was rapidly progressing towards a free-market economy. India’s development has continued and it now belongs to the BRICS group of fast developing economic powers, and the incumbent Modi administration has seen India's GDP double during its first decade in power.

The statistic shows the growth of the real gross domestic product (GDP) in India from 2020 to 2024, with projections up until 2030. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. In 2024, India's real gross domestic product growth was at about 6.46 percent compared to the previous year. Gross domestic product (GDP) growth rate in India Recent years have witnessed a shift of economic power and attention to the strengthening economies of the BRIC countries: Brazil, Russia, India, and China. The growth rate of gross domestic product in the BRIC countries is overwhelmingly larger than in traditionally strong economies, such as the United States and Germany. While the United States can claim the title of the largest economy in the world by almost any measure, China nabs the second-largest share of global GDP, with India racing Japan for third-largest position. Despite the world-wide recession in 2008 and 2009, India still managed to record impressive GDP growth rates, especially when most of the world recorded negative growth in at least one of those years. Part of the reason for India’s success is the economic liberalization that started in 1991and encouraged trade subsequently ending some public monopolies. GDP growth has slowed in recent years, due in part to skyrocketing inflation. India’s workforce is expanding in the industry and services sectors, growing partially because of international outsourcing — a profitable venture for the Indian economy. The agriculture sector in India is still a global power, producing more wheat or tea than anyone in the world except for China. However, with the mechanization of a lot of processes and the rapidly growing population, India’s unemployment rate remains relatively high.

The graph shows per capita gross domestic product (GDP) in China until 2024, with forecasts until 2030. In 2024, per capita GDP reached around 13,300 U.S. dollars in China. That year, the overall GDP of China had amounted to 18.7 trillion U.S. dollars. Per capita GDP in China Gross domestic product is a commonly-used economic indicator for measuring the state of a country's economy. GDP is the total market value of goods and services produced in a country within a given period of time, usually a year. Per capita GDP is defined as the GDP divided by the total number of people in the country. This indicator is generally used to compare the economic prosperity of countries with varying population sizes.In 2010, China overtook Japan and became the world’s second-largest economy. As of 2024, it was the largest exporter and the second largest importer in the world. However, one reason behind its economic strength lies within its population size. China has to distribute its wealth among 1.4 billion people. By 2023, China's per capita GDP was only about one fourth as large as that of main industrialized countries. When compared to other emerging markets, China ranked second among BRIC countries in terms of GDP per capita. Future development According to projections by the IMF, per capita GDP in China will escalate from around 13,300 U.S. dollars in 2024 to 18,600 U.S. dollars in 2030. Major reasons for this are comparatively high economic growth rates combined with negative population growth. China's economic structure is also undergoing changes. A major trend lies in the shift from an industry-based to a service-based economy.

Over the past half a century, the world's electricity consumption has continuously grown, reaching approximately 27,000 terawatt-hours by 2023. Between 1980 and 2023, electricity consumption more than tripled, while the global population reached eight billion people. Growth in industrialization and electricity access across the globe have further boosted electricity demand. China's economic rise and growth in global power use Since 2000, China's GDP has recorded an astonishing 15-fold increase, turning it into the second-largest global economy, behind only the United States. To fuel the development of its billion-strong population and various manufacturing industries, China requires more energy than any other country. As a result, it has become the largest electricity consumer in the world. Electricity consumption per capita In terms of per capita electricity consumption, China and other BRIC countries are still vastly outpaced by developed economies with smaller population sizes. Iceland, with a population of less than half a million inhabitants, consumes by far the most electricity per person in the world. Norway, Qatar, Canada, and the United States also have among the highest consumption rates. Multiple contributing factors such as the existence of power-intensive industries, household sizes, living situations, appliance and efficiency standards, and access to alternative heating fuels determine the amount of electricity the average person requires in each country.

China is the largest consumer of primary energy in the world, having used some 176.35 exajoules in 2024. This is a lot more than what the United States consumed, which comes in second place. The majority of primary energy fuels worldwide are still derived from fossil fuels, such as oil and coal. China's energy mix China’s primary energy mix has shifted from a dominant use of coal to an increase in natural gas and renewable sources. Since 2013, the renewables share in total energy consumption has grown by around eight percentage points. Overall, global primary energy consumption has increased over the last decade, and it is expected to experience the largest growth in emerging economies like the BRIC countries - Brazil, Russia, India, and China. What is primary energy? Primary energy is the energy inherent in natural resources such as crude oil, coal, and wind before further transformation. For example, crude oil can be refined into secondary fuels, such as gasoline or diesel, while wind is harnessed for electricity - itself a secondary energy source. A country’s total primary energy supply is a measure of the country’s primary energy sources. Meanwhile, end use energy is the energy directly consumed by the user and includes primary fuels such as natural gas, as well as secondary sources, like electricity and gasoline.

The statistic shows the life expectancy at birth in India from 2013 to 2023. The average life expectancy at birth in India in 2023 was 72 years. Standard of living in India India is one of the so-called BRIC countries, an acronym which stands for Brazil, Russia, India and China, the four states considered the major emerging market countries. They are all in a similar advanced economic state and are expected to advance even further. India is also among the twenty leading countries with the largest gross domestic product / GDP, and the twenty countries with the largest proportion of global gross domestic product / GDP based on Purchasing Power Parity (PPP). Its unemployment rate has been stable over the past few years; India is also among the leading import and export countries worldwide. This alone should put India in a relatively comfortable position economically speaking, however, parts of the population of India are struggling with poverty and health problems. When looking at a comparison of the median age of the population in selected countries – i.e. one half of the population is older and the other half is younger –, it can be seen that the median age of the Indian population is about twenty years less than that of the Germans or Japanese. In fact, the median age in India is significantly lower than the median age of the population of the other emerging BRIC countries – Russia, China and Brazil. Additionally, the total population of India has been steadily increasing. Regarding life expectancy, India is neither among the countries with the highest, nor among those with the lowest life expectancy at birth. The majority of the Indian population is aged between 15 and 64 years, with only about 5 percent being older than 64.