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The BRICS Countries
1. The total nominal GDP of the BRICS Countries 2015: 16.92 trillion USD 23.1 of the world GDP
2. The BRICS Countries population: 3,073 million of people 53.4 of the world population
3. Exports: 3.48 trillion USD 19.1 of the world total, 8.1 in 2001 4. Imports: 3.03 trillion USD
5. Duplication since 2001 of its share in global exports 6. Intra-BRICS trade: increase of 163 between 2006 and 2015.
7. The gross domestic product GDP of emerging economies has risen from 39.7 of the world GDP in 1990 to 48 in 2006
8. In 2050, BRIC markets Brazil, Russia, India, and China will generate 44 of global gross domestic product
9. The Indian Economy will surpass the US economy in 2043 Goldman Sachs predicts that:
1. China and India will be the dominant global suppliers of manufactured goods and services
2. While Brazil and Russia would become dominant as suppliers of raw materials India and China are investing in higher education and going for “intellectual capital,” while
Russia and Brazil depend too on commodity prices and are not making the necessary
investments in infrastructure and human capital. India has ten of the thirty fastest-growing urban areas in the World and, based on actual
trends, 700 millions of people will move to the Indian cities by 2050. This will have significant
implications for demand for urban infrastructure, real estate, and services. The economy of India will surpass the United States in USD by 2043. Recently Tata Motors acquired two
recognised old British car-making brands: Jaguar and Land Rover.
Note: South Africa officially became a member of the BRICS in 2010; BRIC was renamed to
BRICS S for South Africa. Location of the BRICS Countries and the largest emerging markets
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3. While Saudi Arabia has a small population 29 million of Saudis, compared to the
other markets analysed in the Master, the Saudi religious, political, economic, and financial influence on the Ummah Islamic Community is decisive
Moreover, four markets related to BRICS Countries are included: 1. Belarus: The inclusion of Belarus in the Master is justified due to the “State of the
Union with Russia”
2. Nepal, Bhutan, and Mauritius has strong economic relations with India. Mauritius is
