• Change of culture needed

    The right leadership will help SA shed its culture of violence, says Mandi Smallhorne.

  • 10 tips to find bargains

    Susan Erasmus gives advice on how bargain hunters can get the most bang for their buck.

  • Inside Labour

    Labour's bitter breaches need to be seen in historical context, says Terry Bell.

See More

Get the facts on Brics

Mar 26 2013 18:49 Sapa

President Jacob Zuma and Chinese President Xi Jinping talks business ahead of the two-day Brics summit in Durban. (GCIS) View Brics slidehow

Related Articles

Brics face 'new imperialists' charge

China pumps $5bn into SA rail upgrades

China, Brazil sign currency deal

Brics reach deal on development bank

SA and China strengthen ties

Higher investment for Brics - UN

Durban - As the leaders of Brics five emerging nations meet in Durban for a summit on Tuesday, economic data shows that the grouping of Brazil, China, India, Russia and South Africa now account for 25% of global GDP and 40% of the world's population.

Here are some facts and figures about Brics:


Boasting the world's second largest economy - trailing only the United States - economic power-house China has become the informal leader of the group.

With a gross domestic product (GDP) of $8.25 trillion in 2012, the IMF estimates that the Chinese economy will climb by a whopping 8.2 percent in 2013.

In 2011, it clinched the No. 1 spot as exporter of goods.

It remains the globe's most-populated country, with 1.34 billion inhabitants.


With a GDP of $2.425 trillion in 2012, Brazil is the world's seventh largest economy. It holds only a modest place in world trade activity, however, and experienced sluggish growth of one percent last year.

The Brazilian economy, with its population of 196 million people, is forecast to grow 3.5% this year.


Ranking ninth on the list of the world's biggest economies, Russia accumulated a GDP of $1.953bn in 2012, boosted mainly by its gas exports, making it the world's eighth largest exporter.

With a population of 141.9 million, Russia has managed to fend off much of the financial fallout caused by the European debt crisis, and despite experiencing a slight slow-down in economic growth in 2012, its economy is forecast to jump 3.7% in 2013.


Despite its population of 1.24 billion, India remains a smaller player among the world's economies, falling into a 10th place with a GDP worth 1.946 trillion.

After shrinking from 7.9% to 4.5% growth between 2011 and 2012, India's economy is expected to expand 5.9% this year.

South Africa

Smallest of the Brics economies is South Africa. Placing 41st world exporters, the country has a GDP of $390 billion and a population of 50.5 million.

Having suffered amid the global financial down-turn, South Africa's economy is forecast to grow by 2.8% this year and by 4.1% next year.

Slideshow: Higher investment for Brics - UN

Video: Brics wrangle over new development bank

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

brics summit



Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Add your comment
Comment 0 characters remaining

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:


Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.

Top 10 richest musicians of all time

Check out the gallery to find out who they are!


Luxury living

10 most expensive cars In the world
10 of the most expensive things that will leave your jaw hanging!
Seven of the most expensive children's toys ever made
5 millionaires turned murderers

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

How do you see your boss? He/sheis:

Previous results · Suggest a vote