Brics Apec, India, And India
BRICS Overview The term BRIC was firstly coined by Goldman Sachs, who highlighted the four
countries Brazil, Russia, India and China were developing rapidly and by 2050 their combined GDP
could eclipse the combined economies of the current richest countries of the world. In April 2011,
South Africa joined the group during the BRICS Summit held in Sanya, China. The BRICS members
are all developing or newly industrialized countries, but they are distinguished by their large, fast
growing economies and significant influence on regional and global affairs. Table 1 listed some of the
BRICS countries economic data, retrieved from the International Monetary Fund, current as of April
2015, and is given in US dollars. Country Population GDP(PPP) GDP(Nominal) Foreign Exchange
Reserves(2015) Brazil 203,046,886 $3.25 tr $1.90 tr $362,744 bn Russia 146,378,000 $3.45 tr $1.17 tr
$358,500 bn India 1,210,193,422 $7.99 tr $2.30 tr $532,131 bn China 1,354,040,000 $18.97 tr $11.21
tr $3,899,285 bn South Africa 51,770,560 $725.004 bn $323.809 bn $47,190 bn Country HFCE(2013)
Government Spending Exports Imports Brazil $1,401,620 bn $846.6 bn $396.0 bn $ 278.8 bn Russia
$1,089,144 bn $414.0 bn $542.5 bn $358.1 bn India $1,106,702 bn $309.0 bn $309.1 bn $500.3 bn
China $3,320,652 bn $2,031.0 bn $2,021.0 bn $1,780.0 bn South Africa $221,990 bn $ 95.27 bn
$101.2 bn $106.8 bn Country GDP per capital(PPP) Literacy rate Life expectancy (years.avg.) HDI
Brazil $15,941 95.5% 76.5 .744
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