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Thick as a BRIC

The value in the world market of total trade with BRIC nations - Brazil, Russia, India and China - has grown seven-fold over the past decade, and the IMF expects economic development in BRIC countries to become more prominent in the post recession era.

Share of World GDP
(% of purchasing power parit y) 

COUNTRY  

2007  

2011  

2014 (PROJ) 

U.S  

21.07  

19.33

18.26 

UK  

3.31  

19.33  

18.26 

Japan  

6.55  

5.92  

5.36 

Germany  

4.29  

3.82  

3.48 

Brazil  

2.08  

2.88  

2.81 

Russia  

4.52  

3.35  

3.41 

India  

4.75  

5.23  

5.71 

China  

10.47  

13.37  

15.45 

     BRIC aggregate GDP was 5.8% of the global economy in the early years of the 1990s, but is expected to account for 21.6% four years from now. By comparison, GDP for the United States in 2015 is projected to account for 22.0% of the global economy.

Real GDP Growth
(% annual rate) 

COUNTRY 

2007  

2011 

Brazil  

6.1  

5.0 

Russia  

8.1  

5.5

India 

9.0  

8.7 

China  

13.0  

10.0 

     Going forward, the BRICs look to be paved with gold.

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