40 datasets found
  1. Gross domestic product of the BRICS countries 2000-2030

    • statista.com
    Updated Nov 25, 2021
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    Statista (2021). Gross domestic product of the BRICS countries 2000-2030 [Dataset]. https://www.statista.com/statistics/254281/gdp-of-the-bric-countries/
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    Dataset updated
    Nov 25, 2021
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Worldwide
    Description

    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.

  2. BRICS+ and G7 countries' share of the world's GDP in PPP 2000-2024

    • statista.com
    Updated May 30, 2025
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    Statista (2025). BRICS+ and G7 countries' share of the world's GDP in PPP 2000-2024 [Dataset]. https://www.statista.com/statistics/1412425/gdp-ppp-share-world-gdp-g7-brics/
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    Dataset updated
    May 30, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    World
    Description

    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.

  3. Gross domestic product (GDP) per capita in the BRICS countries 2000-2030

    • statista.com
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    Statista, Gross domestic product (GDP) per capita in the BRICS countries 2000-2030 [Dataset]. https://www.statista.com/statistics/741745/gross-domestic-product-gdp-per-capita-in-the-bric-countries/
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    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Russia
    Description

    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.

  4. Gross domestic product (GDP) growth rate in the BRICS countries 2000-2030

    • statista.com
    Updated Nov 27, 2021
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    Statista (2021). Gross domestic product (GDP) growth rate in the BRICS countries 2000-2030 [Dataset]. https://www.statista.com/statistics/741729/gross-domestic-product-gdp-growth-rate-in-the-bric-countries/
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    Dataset updated
    Nov 27, 2021
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    South Africa, Brazil, China, India, Russia
    Description

    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.

  5. f

    Data_Sheet_2_Health System Outcomes in BRICS Countries and Their Association...

    • frontiersin.figshare.com
    • figshare.com
    xlsx
    Updated Jun 2, 2023
    + more versions
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    Piotr Romaniuk; Angelika Poznańska; Katarzyna Brukało; Tomasz Holecki (2023). Data_Sheet_2_Health System Outcomes in BRICS Countries and Their Association With the Economic Context.XLSX [Dataset]. http://doi.org/10.3389/fpubh.2020.00080.s002
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    xlsxAvailable download formats
    Dataset updated
    Jun 2, 2023
    Dataset provided by
    Frontiers
    Authors
    Piotr Romaniuk; Angelika Poznańska; Katarzyna Brukało; Tomasz Holecki
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Description

    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.

  6. g20_gdp_and_Brics_GDP_data_from_2008 to 2022

    • kaggle.com
    Updated Sep 8, 2023
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    Shubham Chauhan (2023). g20_gdp_and_Brics_GDP_data_from_2008 to 2022 [Dataset]. https://www.kaggle.com/datasets/saber17/g20-gdp-and-brics-gdp-data-from-2008-to-2022
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    CroissantCroissant is a format for machine-learning datasets. Learn more about this at mlcommons.org/croissant.
    Dataset updated
    Sep 8, 2023
    Dataset provided by
    Kagglehttp://kaggle.com/
    Authors
    Shubham Chauhan
    Description

    A brief description of the provided GDP data for G20 & BRICS countries from 2008 to 2021 in five lines:

    The data represents the Gross Domestic Product (GDP) of G20 countries, a group of major economies, over a 15-year period from 2008 to 2022.

    It shows the varying economic sizes of G20 nations, with China and the United States consistently having the largest GDP, while smaller economies like Argentina and South Africa have considerably smaller GDPs.

    Notably, the COVID-19 pandemic in 2020 had a significant impact, causing some countries' GDPs to contract temporarily before rebounding in 2021.

    Japan, despite its size, experienced relatively stable GDP growth, while emerging economies like India and Indonesia demonstrated notable expansion over the years.

    The European Union (EU) is not individually listed but represents a significant portion of the global economy, contributing to the overall global GDP figures.

  7. Export of goods by the BRICS countries from 2000-2024

    • statista.com
    Updated Sep 18, 2025
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    Statista (2025). Export of goods by the BRICS countries from 2000-2024 [Dataset]. https://www.statista.com/statistics/254301/exports-of-the-bric-countries/
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    Dataset updated
    Sep 18, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Worldwide
    Description

    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.

  8. H

    World Bank Research Indicators and Comparative Foreign Trade Statistics of...

    • dataverse.harvard.edu
    Updated Apr 12, 2018
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    Armando Aliu; Ardita Bylo; Dorian Aliu (2018). World Bank Research Indicators and Comparative Foreign Trade Statistics of Central and Eastern European Countries and the BRICS in a Comparative Perspective [Dataset]. http://doi.org/10.7910/DVN/B5KT6A
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    CroissantCroissant is a format for machine-learning datasets. Learn more about this at mlcommons.org/croissant.
    Dataset updated
    Apr 12, 2018
    Dataset provided by
    Harvard Dataverse
    Authors
    Armando Aliu; Ardita Bylo; Dorian Aliu
    License

    CC0 1.0 Universal Public Domain Dedicationhttps://creativecommons.org/publicdomain/zero/1.0/
    License information was derived automatically

    Area covered
    Central and Eastern Europe
    Description

    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.

  9. Import of goods by the BRICS countries 2000-2024

    • statista.com
    Updated May 30, 2025
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    Aaron O'Neill (2025). Import of goods by the BRICS countries 2000-2024 [Dataset]. https://www.statista.com/topics/1393/bric-countries/
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    Dataset updated
    May 30, 2025
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Aaron O'Neill
    Description

    Since 2000, China has consistently been the largest importer of goods of the BRICS countries, with a value of more than two trillion U.S. dollars in 2020. China's value of imported goods has grown significantly across these two decades; values in 2018 were over nine times larger than values for 2000. India's imports in 2018 were also 10 times higher in 2018 than in 2000. For Russia and Brazil, however, their peak years came in the early-2010s, just before both countries went into recession. South Africa's value of imported goods has also increased, and was over 100 billion U.S. dollars in most years of the 2010s. In 2000, the value of goods imported to China was comparable to the other four BRICS countries combined; in 2022, the value was more than double the other countries combined.

  10. m

    Panel data OECD and BRICS power sector policy paper dataset - 2000-2018

    • data.mendeley.com
    Updated Feb 8, 2021
    + more versions
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    Simen Rostad Sæther (2021). Panel data OECD and BRICS power sector policy paper dataset - 2000-2018 [Dataset]. http://doi.org/10.17632/vs899t86tv.1
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    Dataset updated
    Feb 8, 2021
    Authors
    Simen Rostad Sæther
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Description

    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).

  11. Made-In Index: Attributes associated with products made in Russia 2017

    • statista.com
    Updated May 30, 2025
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    Umair Bashir (2025). Made-In Index: Attributes associated with products made in Russia 2017 [Dataset]. https://www.statista.com/topics/1393/bric-countries/
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    Dataset updated
    May 30, 2025
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Umair Bashir
    Area covered
    Russia
    Description

    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.

  12. p

    BRICS Macroeconomic Sentiment

    • permutable.ai
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    Permutable Technologies Limited, BRICS Macroeconomic Sentiment [Dataset]. https://permutable.ai/brics-macroeconomic-sentiment/
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    Dataset authored and provided by
    Permutable Technologies Limited
    Description

    Permutable AI’s BRICS datasets deliver structured quantitative analytics across Brazil, Russia, India, China, and South Africa. Using proprietary large language models, our platform transforms multilingual news into real-time sentiment scores for macroeconomic data releases, fiscal policy changes, and political developments. Systematic data feeds capture GDP announcements, central bank decisions, and budgetary measures with five-minute refresh rates. Geopolitical modules quantify elections, sanctions, and trade policy coordination, while natural disaster tracking provides supply chain disruption scoring across critical commodities. With a decade of historical datasets for backtesting emerging market cycles, our Co-Pilot API enables seamless integration with quantitative trading strategies through millisecond-latency sentiment classifications.

  13. Made-In Country Index: perception of products made in Russia, by country...

    • statista.com
    Updated May 30, 2025
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    Umair Bashir (2025). Made-In Country Index: perception of products made in Russia, by country 2017 [Dataset]. https://www.statista.com/topics/1393/bric-countries/
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    Dataset updated
    May 30, 2025
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Umair Bashir
    Area covered
    Russia
    Description

    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".

  14. f

    Fitness variation from 2003 to 2013 of BRIC countries.

    • plos.figshare.com
    xls
    Updated Jun 1, 2023
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    Felipe G. Operti; Emanuele Pugliese; José S. Andrade Jr.; Luciano Pietronero; Andrea Gabrielli (2023). Fitness variation from 2003 to 2013 of BRIC countries. [Dataset]. http://doi.org/10.1371/journal.pone.0197616.t001
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    xlsAvailable download formats
    Dataset updated
    Jun 1, 2023
    Dataset provided by
    PLOS ONE
    Authors
    Felipe G. Operti; Emanuele Pugliese; José S. Andrade Jr.; Luciano Pietronero; Andrea Gabrielli
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Description

    Fitness variation from 2003 to 2013 of BRIC countries.

  15. GDP in PPP of BRICS+ and G7 countries 2000-2025

    • statista.com
    Updated Mar 24, 2025
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    Statista Research Department (2025). GDP in PPP of BRICS+ and G7 countries 2000-2025 [Dataset]. https://www.statista.com/study/188454/global-north-south-divide/
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    Dataset updated
    Mar 24, 2025
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Statista Research Department
    Description

    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.

  16. f

    CIPS unit root test results.

    • plos.figshare.com
    xls
    Updated Dec 17, 2024
    + more versions
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    Funda Kaya; Liton Chandra Voumik; Mamunur Rashid; Salma Akter; Sayeem Hasan Khan; Mahdi Salehi; Konrad Kochański; Grzegorz Zimon (2024). CIPS unit root test results. [Dataset]. http://doi.org/10.1371/journal.pone.0310558.t005
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    xlsAvailable download formats
    Dataset updated
    Dec 17, 2024
    Dataset provided by
    PLOS ONE
    Authors
    Funda Kaya; Liton Chandra Voumik; Mamunur Rashid; Salma Akter; Sayeem Hasan Khan; Mahdi Salehi; Konrad Kochański; Grzegorz Zimon
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Description

    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.

  17. Perception of products made in selected countries in Russia 2017

    • statista.com
    Updated May 30, 2025
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    Umair Bashir (2025). Perception of products made in selected countries in Russia 2017 [Dataset]. https://www.statista.com/topics/1393/bric-countries/
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    Dataset updated
    May 30, 2025
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Umair Bashir
    Area covered
    Russia
    Description

    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.

  18. p

    India macroeconomic sentiment dataset

    • permutable.ai
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    Permutable Technologies Limited, India macroeconomic sentiment dataset [Dataset]. https://permutable.ai/brics-macroeconomic-sentiment/
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    Dataset authored and provided by
    Permutable Technologies Limited
    Area covered
    India
    Description

    Permutable AI’s India macroeconomic sentiment dataset delivers structured analytics on GDP, inflation, interest rates, retail sales, and fiscal policy decisions. The dataset transforms multilingual Indian and global news into actionable sentiment scores, updated every five minutes. Coverage spans RBI monetary policy, government budget measures, and credit growth, alongside political intelligence on elections, coalitions, and reform momentum. Trade and geopolitical modules assess India’s role in BRICS, sanctions, and cross-country alignments. Real-time disaster monitoring tracks floods, droughts, and cyclones impacting agriculture, energy, and logistics. With ten years of hourly structured data, the dataset supports backtesting systematic trading strategies across India’s dynamic market cycles via the Co-Pilot API.

  19. p

    China macroeconomic sentiment dataset

    • permutable.ai
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    Permutable Technologies Limited, China macroeconomic sentiment dataset [Dataset]. https://permutable.ai/brics-macroeconomic-sentiment/
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    Dataset authored and provided by
    Permutable Technologies Limited
    Description

    Permutable AI’s China macroeconomic sentiment dataset captures real-time reactions to GDP releases, central bank decisions, inflation data, and fiscal policy measures. Built on multilingual NLP, the dataset transforms Chinese and international news into structured sentiment scores with five-minute refresh intervals. Geopolitical intelligence quantifies election outcomes, sanctions, and trade relations, including US–China tariff actions and regional policy coordination. Natural disaster monitoring provides supply chain impact scoring across energy, manufacturing, and agriculture, helping assess China’s economic resilience. With ten years of structured historical intelligence, the dataset supports backtesting strategies across China’s growth and market cycles, accessible through the Co-Pilot API with millisecond latency.

  20. Breakdown of global GDP share from G7 and G20 countries 2023 and 2029

    • statista.com
    Updated Jun 23, 2025
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    Statista (2025). Breakdown of global GDP share from G7 and G20 countries 2023 and 2029 [Dataset]. https://www.statista.com/statistics/722962/g20-share-of-global-gdp/
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    Dataset updated
    Jun 23, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Oct 2024
    Area covered
    Worldwide
    Description

    In 2023, the G7 countries of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States held ** percent of the global gross domestic product (GDP). In 2029, that figure is projected to drop to ** percent. Considering the other G20 countries, excluding the G7 countries, the GDP is expected to account for around ** percent of the global GDP in 2029.

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Statista (2021). Gross domestic product of the BRICS countries 2000-2030 [Dataset]. https://www.statista.com/statistics/254281/gdp-of-the-bric-countries/
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Gross domestic product of the BRICS countries 2000-2030

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29 scholarly articles cite this dataset (View in Google Scholar)
Dataset updated
Nov 25, 2021
Dataset authored and provided by
Statistahttp://statista.com/
Area covered
Worldwide
Description

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.

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