BRIC Country Analysis
The objective of this report is to carry out economic analysis of Brazil, Russia, India, and China (BRIC) and provide the country projected economic growth, country business environment and country risk. The GDP (Gross Domestic Product) is one of the major economic tools to measure economic growth of a country. Using GDP, the report analyzes the country's economic growth.
China
China is a country enjoying rapid economic growth among the BRIC countries. Over the years, the country has maintained a strong economic growth and between 2007 and 2011, the China's economy showed constant growth with economic output reaching $3.7 trillion in 2010. As being revealed Table 2, China ranks third with reference to personal disposable income where personal disposable income is projected to increase from $2,300 in 2011 to $4,190 in 2015. However, the global economic crisis that affected many advanced countries also affected China making the country's growth rate to decline from 12.8% in 2008 to 9.1% in 2009. Typically, the massive capital injection assists the country to record strong performances compared to other BRIC countries and other countries of the world. (See Fig 1 and Table 1). FDI (Foreign Direct Investments) have been the driving force for the country strong economic growth. In 2010, China recorded 10.4% economic growth making the Standard & Poor's to raise the country's long-term rating from A+ to AA- in December 2010.
"The ratings are supported by the nation's strong liquidity, moderate debt burden, strong foreign investment flows, export growth, and high levels of foreign exchange reserves. China's commitment to economic restructuring and reform has led to a booming private sector, and sustained GDP growth gives credence to the ratings." (Datamonitor, 2011 P. 17).
Table 1: BRIC GDP in U.S.$ Billion
2007
2008
2009
2010
2011
2012
2013
2014
2015
Brazil
1,366.30
1,652.80
1,621.70
2,141.90
2,473.50
2,337.30
2,543.00
2,771.20
2,942.70
Russia
1,300
1,661
1,223
1,487
1,858
1,936
2,073
2,231
2,452
India
1,196.70
1,272.60
1,345.20
1,673.10
1,860.10
1,861.50
2,144.50
2,664.50
3,156.70
China
3,504
4,547
5,105
5,950
7,212
8,096
9,182
10,451
11,948
Fig 1: BRIC Projected Economic Growth
Table 2: BRIC Projected Personal Disposable Income U.S.$
2007
2008
2009
2010
2011
2012
2013
2014
2015
Brazil
4,560.00
5,370.00
5,400.00
6,880.00
7,950.00
7,650.00
8,260.00
8,960.00
9,480.00
China
1,153.10
1,464.30
1,640.00
1,890.00
2,300.00
2,700.00
3,130.00
3,630.00
4,190.00
India
1,070.00
1,170.00
1,230.00
1,400.00
1,640.00
1,900.00
Russia
4,955.10
5,858.70
5,160.00
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