Saturday, December 25, 2010

BRIC


In economics, BRIC (typically rendered as "the BRICs" or "the BRIC countries") is an acronym that refers to the fast-growing developing economies of Brazil, Russia, India, and China. The acronym was first coined and prominently used by Goldman Sachs in 2001.

The four countries, combined, currently account for more than a quarter of the world's land area and more than 40% of the world's population.

Brazil, Russia, India, and China
Map of BRIC countries

BRIC
Brazil
President (head of state and government): Luiz Inácio Lula da Silva
Russia
President (head of state): Dmitry Medvedev
Prime Minister (head of government): Vladimir Putin
India
President (head of state): Pratibha Patil
Prime Minister (head of government): Manmohan Singh
China
President (head of state): Hu Jintao
Premier (head of government): Wen Jiabao

Global giants

Painting BRIC by numbers
Categories Brazil ↓ Russia ↓ India ↓ China ↓
Area 5th 1st 7th 4th
Population 5th 9th 2nd 1st
Population growth rate 107th 221th 90th 156th
Labour force 5th 6th 2nd 1st
GDP (nominal) 10th 8th 12th 3rd
GDP (PPP) 9th 6th 4th 2nd
GDP (real) growth rate 81th 69th 28th 16th
Exports 21st 11th 23rd 2nd
Imports 27th 17th 16th 3rd
Current account balance 47th 5th 169th 1st
Received FDI 16th 12th 29th 5th
Foreign exchange reserves 7th 3rd 6th 1st
External debt 24th 20th 27th 19th
Public debt 47th 117th 29th 98th
Electricity consumption 10th 3rd 7th 2nd
Number of mobile phones 5th 4th 2nd 1st
Number of internet users 5th 11th 4th 1st
Motor vehicle production 6th 12th 9th 2nd
Military expenditures 14th 8th 9th 2nd
Active troops 14th 5th 3rd 1st
Cultivated land 5th 4th 2nd 3rd
Forest area 2nd 1st 10th 5th
Rail network 10th 2nd 4th 3rd
Road network 4th 8th 2nd 3rd

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