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.
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.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
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.
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.
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.
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.
While the BRICS countries are grouped together in terms of economic development, demographic progress varies across these five countries. In 2019, India and South Africa were the only BRICS countries with a fertility rate above replacement level (2.1 births per woman). Fertility rates since 2000 show that fertility in China and Russia has either fluctuated or remained fairly steady, as these two countries are at a later stage of the demographic transition than the other three, while Brazil has reached this stage more recently. Fertility rates in India are following a similar trend to Brazil, while South Africa's rate is progressing at a much slower pace. Demographic development is inextricably linked with economic growth; for example, as fertility rates drop, female participation in the workforce increases, as does the average age, which then leads to higher productivity and a more profitable domestic market.
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.
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.
This statistic shows the age structure in Brazil from 2013 to 2023. In 2023 about 19.94 percent of Brazil's total population were aged 0 to 14 years. Population of Brazil Brazil is the fifth largest country in the world by area and population and the largest in both South America and the Latin American region. With a total population of more than 200 million inhabitants in 2013, Brazil also ranks fifth in terms of population numbers. Brazil is a founding member of the United Nations, the G20, CPLP, and a member of the BRIC countries. BRIC is an acronym for Brazil, Russia, India, and China, the four major emerging market countries. The largest cities in Brazil are São Paulo, Rio de Janeiro and Salvador. São Paulo alone reports over 11.1 million inhabitants. Due to a steady increase in the life expectancy in Brazil, the average age of the population has also rapidly increased. From 1950 until 2015, the average age of the population increased by an impressive 12 years; in 2015, the average age of the population in Brazil was reported to be around 31 years. As a result of the increasing average age, the percentage of people aged between 15 and 64 years has also increased: In 2013, about 68.4 percent of the population in Brazil was aged between 15 and 64 years.
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.
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.
https://www.cognitivemarketresearch.com/privacy-policyhttps://www.cognitivemarketresearch.com/privacy-policy
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.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
Fitness variation from 2003 to 2013 of the states: São Paulo, Paraná, Ceará, and Roraima.
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.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
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.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
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.
https://www.globaldata.com/privacy-policy/https://www.globaldata.com/privacy-policy/
GlobalData’s new report, BRIC Peripheral Vascular Devices Market Outlook to 2020, provides key market data on the BRIC Peripheral Vascular Devices market. The report provides value, in millions of US dollars, and volume (in units) and average price data (in US dollars), within market categories – Inferior Vena Cava Filters (IVCF), Peripheral Embolic Protection Devices, Peripheral Guidewires, Peripheral Vascular Stents, PTA Balloons, PTA Peripheral Drug Eluting Balloons (DEB), Renal Denervation Disposable Catheters, Aortic Stent Grafts, Vascular Grafts and Peripheral Venous Thrombectomy Devices. The report also provides company shares and distribution shares data for the market category, and global corporate-level profiles of the key market participants, pipeline products, and news and deals related to the Peripheral Vascular Devices market wherever available. The data in the report is derived from dynamic market forecast models. GlobalData uses epidemiology and capital equipment–based models to estimate and forecast the market size. The objective is to provide information that represents the most up-to-date data of the industry possible. The epidemiology-based forecasting model makes use of epidemiology data gathered from research publications and primary interviews with physicians to establish the target patient population and treatment flow patterns for individual diseases and therapies. Using prevalence and incidence data and diagnosed and treated population, the epidemiology-based forecasting model arrives at the final numbers. Capital equipment–based forecasting models are done based on the installed base, replacements and new sales of a specific device/equipment in healthcare facilities such as hospitals, clinics and diagnostic centers. Data for average number of units per facility is used to arrive at the installed base of the capital equipment. Sales for a particular year are arrived at by calculating the replacement units and new units (additional and first-time purchases). Extensive interviews are conducted with key opinion leaders (KOLs), physicians and industry experts to validate the market size, company share and distribution share data and analysis. Read More
In 2027, the share of monthly active social network users in Russia is projected to reach 87.45 percent of the total population in the country. This would be an increase of 8.54 percent from the 2022 level.
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.