Comparison of Basic Economic Indicators of Bric Nations

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Comparison of Basic Economic Indicators of BRIC Nations


In economics, BRIC is a grouping acronym that refers to the countries of Brazil, Russia, India and China, which are all deemed to be at a similar stage of newly advanced economic development. It is typically rendered as "the BRICs" or "the BRIC countries" or "the BRIC economies" or alternatively as the "Big Four".

Table of Content

1. Introduction 4 2. Statistics 5 3. Economic Indicators 6 3.1 GDP 6 3.2 Inflation 7 3.3 Deficits 8 3.4 Export and Import 10 3.5 Foreign Reserves 13 3.6 National/Public Debt 17 3.7 Foreign Direct Investment 18 3.8 Foreign Institute Investment 19 3.9 Composition of GDP 20 3.10 Demography 23 4. Challenges 24 5. Conclusion 25 6.
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Inflation has been surging in the emerging market world over the past year, driven by a strong run-up in agricultural commodities, thanks to supply shocks paired with the steady increase in demand due to rising wealth in places like the BRIC economies. Inflation will be the key issue in emerging markets in coming year - mostly because of the monetary policy response, and the subsequent impact on GDP, and stock market returns. It is likely that we'll start to see a tapering off of inflation through the second half of this year - but if not, then things could get 'interesting'.

Monthly data released by the National Bureau of Statistics of China showed the consumer price index for June climbed 6.4 % from the same period the year before. Many economists had expected the rise to be between 6.2% and 6.4%.
That increase compared with a 5.5% jump in May, which was itself the fastest rise in CPI since a 6.3% increase in July 2008.

India Hikes Rates 10 Times in 16 Months to Combat Inflation. Asia Times reports India Maintains Inflation Fight:
The Reserve Bank of India (RBI), the central bank, has raised interest rates for a record 10th time in 16 months, grimly continuing its efforts to choke inflation by checking money flow. But belt-tightening, the RBI has decided, remains one of the critical ways to tackle inflation, which rose to 9.06 % in May, up from 8.66 % in April 2011.
"High input prices, rising
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