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.
For most of the past two decades, China had the highest GDP growth of any of the BRICS countries, although it was overtaken by India in the mid-2010s, and India is predicted to have the highest growth in the 2020s. All five countries saw their GDP growth fall during the global financial crisis in 2008, and again during the coronavirus pandemic in 2020; China was the only economy that continued to grow during both crises, although India's economy also grew during the Great Recession. In 2014, Brazil experienced its own recession due to a combination of economic and political instability, while Russia also went into recession due to the drop in oil prices and the economic sanctions imposed following its annexation of Crimea.
In 2021, the BRICS countries with the highest estimated GDP per capita were Russia and China, with between 12,000 and 13,000 U.S. dollars per person. Brazil and South Africa's GDP per capita are thought to be closer to the 7,000 mark, while India's GDP per capita is just over 2,000 U.S. dollars. This a significant contrast to figures for overall GDP, where China has the largest economy by a significant margin, while India's is the second largest. The reason for this disparity is due to population size. For example, both China's population and overall GDP are roughly 10 times larger than those of Russia, which results in them having a comparable GDP per capita. Additionally, India's population is 23 times larger than South Africa's, but it's GDP is just seven times larger; this results in South Africa having a higher GDP per capita than India, despite it being the smallest of the BRICS economies.
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.
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The aim of the article is to compare health system outcomes in the BRICS countries, assess the trends of their changes in 2000−2017, and verify whether they are in any way correlated with the economic context. The indicators considered were: nominal and per capita current health expenditure, government health expenditure, gross domestic product (GDP) per capita, GDP growth, unemployment, inflation, and composition of GDP. The study covered five countries of the BRICS group over a period of 18 years. We decided to characterize countries covered with a dataset of selected indicators describing population health status, namely: life expectancy at birth, level of immunization, infant mortality rate, maternal mortality ratio, and tuberculosis case detection rate. We constructed a unified synthetic measure depicting the performance of individual health systems in terms of their outcomes with a single numerical value. Descriptive statistical analysis of quantitative traits consisted of the arithmetic mean (xsr), standard deviation (SD), and, where needed, the median. The normality of the distribution of variables was tested with the Shapiro–Wilk test. Spearman's rho and Kendall tau rank coefficients were used for correlation analysis between measures. The correlation analyses have been supplemented with factor analysis. We found that the best results in terms of health care system performance were recorded in Russia, China, and Brazil. India and South Africa are noticeably worse. However, the entire group performs visibly worse than the developed countries. The health system outcomes appeared to correlate on a statistically significant scale with health expenditures per capita, governments involvement in health expenditures, GDP per capita, and industry share in GDP; however, these correlations are relatively weak, with the highest strength in the case of government's involvement in health expenditures and GDP per capita. Due to weak correlation with economic background, other factors may play a role in determining health system outcomes in BRICS countries. More research should be recommended to find them and determine to what extent and how exactly they affect health system outcomes.
Since 2000, China has consistently been the largest exporter of goods among the BRICS countries, and its share of exports from the bloc has increased significantly. In the year 2000, China's share of BRICS exports was just over ** percent; in 2020, this share has risen to ** percent. Among the other BRICS countries, Russia has always had the second-largest share of exports, and South Africa the smallest, while India overtook Brazil in 2009.
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.
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These are research indicators of comparative empirical investigation of Central and Eastern European Countries (CEECs) and the BRICS that were compiled from the criteria and factors of the World Bank. This dataset consists of data for CEECs and the BRICS for the period of 2000 to 2016. The World Bank Research Indicators consist of (1) GNI, Atlas Method (Current US$); (2) GNI per capita, Atlas; (3) GNI PPP (Current International $); (4) GNI per capita, PPP (Current International $); (5) Energy Use (kg of Oil Equivalent per capita); (6) Electric Power Consumption (kWh per capita); (7) GDP (Current US$); (8) GDP Growth (Annual %); (9) Inflation, GDP Deflator (Annual %); (10) Agriculture, Value Added (% of GDP); (11) Industry, Value Added (% of GDP); (12) Service, etc., Value Added (% of GDP); (13) Exports of Goods and Services (% of GDP); (14) Imports of Goods and Services (% of GDP); (15) Gross Capital Formation (% of GDP); (16) Revenue, excluding Grants (% of GDP); (17) Time Required to Start a Business (Days); (18) Domestic Credit Provided by Financial Sector (% of GDP); (19) Tax Revenue (% of GDP); (20) High-Technology Exports (% of Manufactured Exports); (21) Merchandise Trade (% of GDP); (22) Net Barter Terms of Trade Index (2000 = 100); (23) External Debt Stock, Total (DOD, Current US$); (24) Total Debt Service (% of Exports of Goods, Services and Primary Income); (25) Personal Remittances, Received (Current US$); (26) Foreign Direct Investment, Net Flows (BoP, Current US$); and (27) Net Official Development Assistance and Official Aid Received (Current US$). Furthermore, statistical data of CEECs and the BRICS were retrieved from Atlas 2.1 – Growth Lab at the Center for International Development at Harvard University; UN Comtrade Maps; WITS – UNSD Comtrade and ITC.
Of the five BRICS countries, Brazil had the highest gross government debt rate in 2023 at an estimated ** percent of the country's gross domestic product (GDP). On the other hand, Russia had the lowest at only ** percent of its GDP.
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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 2000 - 2018.
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).
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This article employs a Panel Mean Group Autoregressive Distributed Lag (PMG-ARDL) approach to investigate the interaction between carbon dioxide (CO2) emissions, Gross Domestic Product (GDP), fossil fuel, renewable energy consumption, trade, and their collective impact on life expectancy within the BRICS nations. The research reveals compelling findings. Notably, CO2 emissions and trade openness exhibit negative and statistically significant impact on life expectancy. In contrast, GDP per capita and renewable energy consumption are positive and significant determinants of longer life expectancy. The nuanced outcomes underscore the complex interplay of economic, environmental, and social factors within the BRICS nations. The effects found by PMG-ARDL and FMOLS are very comparable, except for the trade openness’ coefficients, which is the inverse. These findings hold significant implications for policy interpretation and sustainable development strategies. As nations struggle to balance economic growth and environmental improvement with public health, tailored interventions targeting CO2 reduction, trade openness, renewable energy, and GDP growth can collectively contribute to longer life expectancy. In a broader context, this research contributes to the global discourse on sustainability, economic improvement, and health issue.
This ranking displays the results of the worldwide Made-In-Country Index 2017, a survey conducted to show how positively products "made in..." are perceived in various countries all over the world. During this survey, 12 percent of respondents from Canada perceived products made in Russia as "slightly positive" or "very positive".
This data collection consists of transcripts from 12 focus group discussions on themes related to social equality in Russia. The focus group discussions were conducted by the Institute of Applied Politics in Moscow, directed by Dr Kryshtanovskaya; using a discussion guide written by the Investigators. They were held in 12 cities chosen to represent different regions of the country, with an emphasis on provincial cities: Ufa, Kaliningrad, Ekaterinburg, Tiumen, Saratov, Ulyanovsk, Volgograd, Ivanovo, Irkutsk, Obolensk, Vladivostok and Protvino. The respondents included a mix of ages, genders, blue and white collar workers. The focus groups in Protvino and Ulyanovsk were held only for respondents age 18-29. The focus group discussions dealt with household and national economic change, perceptions of social fairness, and welfare values. Specifically, respondents were asked about the state of the national and local economies, their household economy, how they define rich and poor people and how they position themselves in relation to these categories. They were asked about whether they perceived differences in wealth between individuals, regions and between urban and rural areas as fair, and whether such differences are increasing or decreasing. Finally they were asked about whether the rich should take more responsibility for the welfare of the poor, about their own personal responsibility and that of the state and businesses, as well as about progressive income taxes and the degree to which the state should control the economy. The discussion guide is provided in Russian and English. Basic information about the respondents, including gender, age, and occupation are provided at the top of each focus group transcript. Each participant is identified by their given name only. The transcripts are provided in Russian. The Russian text was transcribed by the Institute of Applied Politics from audio files. A parallel set of focus groups was conducted in China and are available as the collection Social equality forum China: Focus group transcripts (see Related Resources). Taken together, Russia and China account for 41 per cent of the total territory of the BRICs and 63 per cent of their GDP/PPP. On Goldman Sachs projections China will be the world’s largest economy by 2050, and Russia its sixth largest. The project will seek to examine the following propositions: (1) that these two BRIC countries are becoming increasingly unequal; (2) that within them, political power and economic advantage are increasingly closely associated; (3) that their political systems have increasingly been employed to ensure that no effective challenge can be mounted to that combination of government position and economic advantage; (4) that set against a broader comparative perspective, an increasingly unequal society in which government is effectively immune from conventional challenge is likely to become increasingly regressive, or unstable, or both. Evidence will be drawn from official statistics, interviews with policy specialists and government officials, two dozen focus groups, and an analysis of the composition of the management boards of the largest companies in both countries. A final part of the analysis will employ crossnational evidence to test a series of hypotheses relating to the association between inequality and political instability on a more broadly comparative basis. Focus group discussions held in 12 Russian cities with 6 participants each drawn from a range of ages, both genders and different professions. Two focus groups were held for respondents age 18-29 only.
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This article employs a Panel Mean Group Autoregressive Distributed Lag (PMG-ARDL) approach to investigate the interaction between carbon dioxide (CO2) emissions, Gross Domestic Product (GDP), fossil fuel, renewable energy consumption, trade, and their collective impact on life expectancy within the BRICS nations. The research reveals compelling findings. Notably, CO2 emissions and trade openness exhibit negative and statistically significant impact on life expectancy. In contrast, GDP per capita and renewable energy consumption are positive and significant determinants of longer life expectancy. The nuanced outcomes underscore the complex interplay of economic, environmental, and social factors within the BRICS nations. The effects found by PMG-ARDL and FMOLS are very comparable, except for the trade openness’ coefficients, which is the inverse. These findings hold significant implications for policy interpretation and sustainable development strategies. As nations struggle to balance economic growth and environmental improvement with public health, tailored interventions targeting CO2 reduction, trade openness, renewable energy, and GDP growth can collectively contribute to longer life expectancy. In a broader context, this research contributes to the global discourse on sustainability, economic improvement, and health issue.
This statistic displays the results of the worldwide Made-In-Country Index 2017, a survey conducted to show how positively products "made in..." are perceived in various countries all over the world. For this statistic, respondents were asked about attributes they associate with products made in Russia. 17 percent of respondents stated they associate "advanced technology" with products from Russia.
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Abstract This article aims to analyze the recent scientific production about 4.0 Industry from BRICS countries (Brazil, Russia, India, China, and South Africa), published in leading academics journals. The 4.0 Industry incorporates nine technological innovations, which are related, directly and indirectly, to the evolution of Science and Technology (S&T) in BRICS, diagnosed by the evolution of the financial support, the participation in S&T in the Gross Domestic Product (GDP), and the number of researchers and publications, in each member country. The descriptive and exploratory research was built using bibliometrics. The population was made up of texts of the databases Scopus and Web of Science, and the final sample was composed of 51 interdisciplinary articles. The analysis considered indicators of characterization of scientific production, to a certain degree co-occurrence of scientific productivity and scientific collaboration of methodological features of the study. It is concluded that Chinese articles are predominant, and the research indicated the increase of studies about Industry 4.0 in S&T in BRICS. There is still a need to effectively strengthen the cooperation of these countries in the aspects related to the subject, according to agreements already established in recent years. In addition, the academic production shows a vast field to be explored, with the need for cooperation and effective development of common S&T objectives in BRICS.
This ranking displays the results of the worldwide Made-In-Country Index 2017, a survey conducted to show how positively products "made in..." are perceived in various countries all over the world. During this survey, 75 percent of respondents from Russia perceived products made in Japan as "slightly positive" or "very positive". The survey indicates that Japanese products have the strongest reputation in Russia, followed by German products.
In 2023, it is estimated that the BRICS countries have a combined population of 3.25 billion people, which is over 40 percent of the world population. The majority of these people live in either China or India, which have a population of more than 1.4 billion people each, while the other three countries have a combined population of just under 420 million. Comparisons Although the BRICS countries are considered the five foremost emerging economies, they are all at various stages of the demographic transition and have different levels of population development. For all of modern history, China has had the world's largest population, but rapidly dropping fertility and birth rates in recent decades mean that its population growth has slowed. In contrast, India's population growth remains much higher, and it is expected to overtake China in the next few years to become the world's most populous country. The fastest growing population in the BRICS bloc, however, is that of South Africa, which is at the earliest stage of demographic development. Russia, is the only BRICS country whose population is currently in decline, and it has been experiencing a consistent natural decline for most of the past three decades. Growing populations = growing opportunities Between 2000 and 2026, the populations of the BRICS countries is expected to grow by 625 million people, and the majority of this will be in India and China. As the economies of these two countries grow, so too do living standards and disposable income; this has resulted in the world's two most populous countries emerging as two of the most profitable markets in the world. China, sometimes called the "world's factory" has seen a rapid growth in its middle class, increased potential of its low-tier market, and its manufacturing sector is now transitioning to the production of more technologically advanced and high-end goods to meet its domestic demand.
The data set comprises of 14 years panel data on municipal revenues and expenditure outcomes, primarily the quality and quantity of locally funded public education infrastructure. The resulting paper considers a program that invests in the tax capacity of Brazilian municipalities to assess whether better tax infrastructure has an effect on public service provision relative to grants. It compares how municipalities allocate increases in funds from the tax capacity program to increases in funds from tax and transfer revenues from the central government. The main measure of public expenditure outcomes considered is municipal education infrastructure. This data is available in the annual school census conducted by the Ministry of Education. Other expenditure outcomes that complement the results on education in the data are health infrastructure and corruption. Corruption data is obtained from the random audits for corruption in Brazil by an independent audit agency. The data on municipal health units comes from a census of health facilities conducted in 1999, 2002, 2005 and 2009.CAGE will aim to build on initial success while offering some important innovations. The overarching theme will continue to be 'succeeding in the global economy' and the Centre will be organised into research themes each with an 'organizing question': Theme 1: What Explains Comparative Long-Run Growth Performance?; Theme 2: How do Culture and Institutions Help to Explain Development and Divergence in a Globalizing World?; Theme 3: How Can the Measurement of Wellbeing be Improved and What are the Implications for Policy?; Theme 4: What are the Implications of Globalization and Global Crises for Policymaking and for Economic and Political Outcomes in Western Democracies? During phase 1, research in Theme 1 made excellent progress in establishing a detailed quantitative picture of the dimensions of long-run economic growth over the last 800 years in Europe and Asia and the analysis will now be extended to cover Africa, and move from measuring real GDP per capita to accounting for the sources of growth in terms of factor inputs and their productivity. Research will also analyse the reasons for success and failure over the long-run at a more fundamental level with investigations covering pre-industrial to post-industrial times looking at the roles of geography, institutions, trade costs, and human capital and knowledge as well as economic policy. Some of this will be forward-looking considering reforms that may be need to sustain catch-up growth in the BRICs and in post-crisis Europe. Theme 2 will continue to examine the political economy of institutional change and to investigate other aspects of supply-side policy relevant to enterprise performance in developing countries. Research will now be expanded and slightly re-orientated to address the role of trust and, in particular, to consider how trust can be nurtured. This will enable further investigation into why reform programmes such as those based on Washington-Consensus principles have not worked well besides permitting insights into the roots of underdevelopment. Theme 3 will further develop the evidence base for its innovative approach to the analysis of poverty with a programme of field experiments and will continue to augment the evidence base on the determinants of wellbeing and the policy implications thereof. It will elaborate the ways in which poverty via cognitive impairment leads to unfortunate decision-making, to examining implications of adaptation to well-being shocks and to the role that cognitive biases and genetics play in wellbeing outcomes. Theme 4 will build on the work begun after the appointment of a Professor of Quantitative Political Science as a key investment to further the work of CAGE. This research has examined the implications of tax competition for capital mobility and viability of welfare state policies in OECD countries as globalization has intensified. The research highlights differing exposure to globalization threats. During phase 2, research on these issues will be deepened and extended using formal analysis and econometrics to investigate issues which are deeply political in that they involve contentious policy choices and are conditioned by political institutions. The topics to be studied include the implications of globalization and economic crises for voter preferences and for redistribution and welfare spending in different types of advanced economy, and much more detailed investigation of the dimensions of the responses available to co-ordinated and liberal market economies. In conclusion, the distinctive feature of CAGE is that it crosses divides within economics broadly defined and explores issues traditionally regarded as at the boundaries of economics. CAGE research and policy advice is sensitive to context and based on an empirical approach that does not arbitrarily impose the priors of neoclassical economics. Finally, CAGE is able to bring an informed historical perspective to current policy issues.
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.