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.

China takes up ************ of overall trade within BRICS in 2022, the economic partnership between Brazil, Russia, India, China, and South Africa. China records significant trade figures with all four other members within BRICS. Brazil and Russia focus towards the Asian country. India-South Africa, interestingly, is higher than that of India-Russia or Russia-Brazil, two relatively established partnerships. It should also be noted that several countries allegedly hope to join BRICS in the foreseeable future. These countries - notably Saudi Arabia and the UAE - are oriented towards India and China when it comes to trade. These potential applications follow amidst rumors in 2023 of the creation of BRICS currency - which would allow member countries to pay for trade without having to use the U.S. dollar.

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.

Statement of Subscriptions to Capital Stock and Voting Power. A portion of capital subscriptions paid in to IBRD has been paid in the national currencies of the members. These amounts, referred to as restricted currencies, are usable by IBRD in its lending and investment operations, only with consent of the respective members, and for administrative expenses.

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 below includes the total number of COVID-19 cases and deaths per million1,2.

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.

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 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).

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.

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.

Denmark Exports: sa: VA: Non EU Countries: ow BRICS data was reported at 5,309.700 DKK mn in Feb 2020. This records an increase from the previous number of 5,100.300 DKK mn for Jan 2020. Denmark Exports: sa: VA: Non EU Countries: ow BRICS data is updated monthly, averaging 2,236.050 DKK mn from Jan 1997 (Median) to Feb 2020, with 278 observations. The data reached an all-time high of 5,309.700 DKK mn in Feb 2020 and a record low of 495.400 DKK mn in Sep 1998. Denmark Exports: sa: VA: Non EU Countries: ow BRICS data remains active status in CEIC and is reported by Statistics Denmark. The data is categorized under Global Database’s Denmark – Table DK.JA012: Exports: by Country: Seasonally Adjusted.

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.

Denmark Imports: sa: VA: Non EU Countries: ow BRICS data was reported at 4,915.000 DKK mn in Feb 2020. This records a decrease from the previous number of 4,945.400 DKK mn for Jan 2020. Denmark Imports: sa: VA: Non EU Countries: ow BRICS data is updated monthly, averaging 3,281.500 DKK mn from Jan 1997 (Median) to Feb 2020, with 278 observations. The data reached an all-time high of 5,527.100 DKK mn in Mar 2015 and a record low of 806.600 DKK mn in Jan 1997. Denmark Imports: sa: VA: Non EU Countries: ow BRICS data remains active status in CEIC and is reported by Statistics Denmark. The data is categorized under Global Database’s Denmark – Table DK.JA031: Imports: by Country: Seasonally Adjusted.

Summary statistics of all BRICS country’s log variables.

The idea behind the spillover effect of FDI on economic growth is based on the idea that multinational companies can bring technological innovation and rich knowledge to host countries. Therefore, FDI plays a vital role in technological innovations. This study aims to investigate the impact of foreign direct investment (FDI) on the technological innovation of BRICS countries from 2000 to 2020. This study uses the latest econometric techniques, such as the cross-sectional dependence (CD) test, second-generation unit root tests, panel cointegration tests and the Dumitrescu-Hurlin causality test. For long-run run estimation, this study uses the augmented mean group (AMG) panel estimator and the common correlated effects mean group (CCEMG) estimator for empirical analysis. The findings of the study show that foreign direct investment (FDI), trade openness, economic growth, and research & development expenditure positively impact technological innovation in BRICS countries. Also, the model’s long-term causality and lagged error correction term (ECT) are significantly negative. Suggested policy measures will be helpful for BRICS economies in boosting technology innovation through FDI.

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.

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.

The rapid economic development in emerging economies, particularly in BRICS nations, is closely intertwined with their energy consumption and financial investment in energy sectors. However, the global shift towards sustainability has raised concerns about the continued reliance on fossil fuels and the environmental implications of such practices. Energy finance—particularly the balance between fossil fuel energy finance (FFEF) and renewable energy finance (RENF)—plays a critical role in shaping economic growth trajectories in these economies. At the same time, governance frameworks can either enhance or hinder the effectiveness of energy finance strategies. As the global push for sustainability intensifies, the need to balance these two energy sources becomes increasingly important. This study investigates the impact of energy finance on economic growth in BRICS nations and explores how governance moderates these relationships. Using data from the World Development Indicators (2000–2023) and employing econometric models, including Fully Modified Ordinary Least Squares (FMOLS) and Dynamic Ordinary Least Squares (DOLS) for robustness, the findings reveal that both FFEF and RENF positively impact EGR. However, RENF also offers the added benefit of environmental sustainability, positioning it as a viable alternative for economic development. Good governance emerges as a critical factor that can mitigate the negative environmental effects of FFEF and further amplify the positive impact of RENF on EGR. The study highlights that BRICS nations have the option to shift from FFEF to RENF, as RENF not only promotes economic growth but also aligns with environmental goals. Strengthening governance frameworks will be essential in facilitating this transition and supporting sustainable economic growth.