What does BRICs mean?
Definitions for BRICs
brics
This dictionary definitions page includes all the possible meanings, example usage and translations of the word BRICs.
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Wikipedia
BRICS
BRICS is the acronym coined for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa. Originally the first four were grouped as "BRIC" (or "the BRICs"), before the induction of South Africa in 2010. The BRICS members are known for their significant influence on regional affairs; all are members of G20. Since 2009, the BRICS nations have met annually at formal summits. China hosted the 9th BRICS summit in Xiamen on September 2017, while South Africa hosted the most recent 10th BRICS summit on 08 January 2018. The term does not include countries such as South Korea, Mexico and Turkey for which other acronyms and group associations were later created. In 2015, the five BRICS countries represent over 3.1 billion people, or about 41% of the world population; four out of five members (excluding South Africa at #24) are in the top 10 of the world by population. As of 2018, these five nations have a combined nominal GDP of US$18.6 trillion, about 23.2% of the gross world product, combined GDP (PPP) of around US$40.55 trillion (32% of World's GDP PPP) and an estimated US$4.46 trillion in combined foreign reserves. Overall the BRICS are forecasted to expand 4.6% in 2016, from an estimated growth of 3.9% in 2015. The World Bank expected BRICS growth to increase to 5.3% in 2017. The BRICS have received both praise and criticism from numerous commentators. Bilateral relations among BRICS nations have mainly been conducted on the basis of non-interference, equality, and mutual benefit.
Numerology
Chaldean Numerology
The numerical value of BRICs in Chaldean Numerology is: 2
Pythagorean Numerology
The numerical value of BRICs in Pythagorean Numerology is: 6
Examples of BRICs in a Sentence
Bundling the BRICs together may have made sense in 2001 but in recent years they have all gone in different directions.
Let's go hand-in-hand to build a great BRICS partnership.
In previous years there was a marked divergence in growth between airports located in emerging markets and those in advanced economies. That is, the mature markets of North America and Europe experienced modest growth levels whereas the major emerging economies such as BRICS (Brazil, Russia, India, China and South Africa) posted significant gains year after year, however, Europe and North America have rebounded in 2014, which resulted in a form of convergence in growth rates across the regions.
Together with BRICS partners, we are developing reliable alternative mechanisms for international settlements.
We are actively engaged in reorienting our trade flows and foreign economic contacts towards reliable international partners, primarily the BRICS countries.
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Translations for BRICs
From our Multilingual Translation Dictionary
- بريكسArabic
- לבניםHebrew
- BRICSPortuguese
- BRICSTamil
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"BRICs." Definitions.net. STANDS4 LLC, 2024. Web. 23 Apr. 2024. <https://www.definitions.net/definition/BRICs>.
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