Examining the BRICS Countries' Economic Performance in terms of GDP, Exports, and Imports

Dr. R. Ravikumar; Mr. G. Ezhilarasan; Mr. Nikkil Dcruz

Examining the BRICS Countries' Economic Performance in terms of GDP, Exports, and Imports

Authors: Dr. R. Ravikumar, Mr. G. Ezhilarasan, Mr. Nikkil Dcruz

Unique Paper ID: 171112
Volume: 11
Issue: 7
PageNo: 2649-2654

Keywords: BRICS Economic Performance GDP Exports Imports Global Economy Descriptive Statistics.

Abstract:
The BRICS nations—Brazil, Russia, India, China, and South Africa—have significantly shaped the global economic landscape, collectively accounting for over 25 per cent of the world’s GDP and 42 per cent of the global population. The study analyzed the GDP, export, and import performance of the BRICS nations from 2001 to 2023, focusing on key trends and their implications for global trade. The analysis revealed that China has consistently led in economic performance, with the highest GDP, exports, and imports, followed by India, which has demonstrated robust economic growth in recent years. Brazil and Russia have shown moderate growth, influenced by commodity price fluctuations and geopolitical factors, while South Africa, the smallest economy of the group, has experienced slower yet stable growth. Using secondary data from the UNCTAD database, the study employs descriptive statistics to highlighted trends and performance. The findings underscored that China’s dominance, with India emerging as a fast-growing economy, while Brazil, Russia, and South Africa face varying degrees of challenges.

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Cite This Article

ISSN: 2349-6002
Volume: 11
Issue: 7
PageNo: 2649-2654

Examining the BRICS Countries' Economic Performance in terms of GDP, Exports, and Imports

Available:https://ijirt.org/Article?manuscript=171112

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UGC Approved
Journal no 47859

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