BRICS Rise and Influence
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18 Terms
BRIC term coined
2001 by Jim O'Neill at Goldman Sachs
BRIC growth prediction horizon
Sources of economic growth up to 2050
BRIC formal meetings
By 2006
BRIC annual summits
By 2009
BRIC formally organised into a bloc
2010
Addition of South Africa (BRICS)
More recently
BRIC share of global population
40%
BRIC share of global landmass
25%
BRIC share of economic growth during the 2000s
25%
China's holding of US government debt
Over $1 trillion (creditor during the GFC)
China's GDP in 2011
$7.5 trillion (greater than the other three combined)
Trade between BRIC countries
Less than $320 billion per year
BRIC trade with US and EU vs internal
6.5 times higher
BRIC foreign reserves (except Russia)
15–35% of GDP
BRIC external debt
15–37% of GDP
New Development Bank established
2015
India's population rank (UN Security Council campaign)
2nd most populous nation
Delhi Declaration
29 March 2012