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Sunday, February 03, 2008

BRIC countries catching up

Goldman Sachs has singled out BRIC countries as the GDP leaders of the future. A look at the forecasts reveals China will be number 3 overtaking Germany in 2008. Furthermore, India will overtake Korea and be closer to Russia with its vast natural resource wealth. Russia will also overtake Brazil.

Country ↓ 2006 ↓ 2007 ↓ 2008 ↓ Estimate as of ↓
World 48,144.466 53,431,490 57,267,090 2007
European Union 14,609.836 16,574.443 17,607.657 2006
United States 13,194.70 13,794.22 14,305.70 2007
Japan 4366.46 4,345.948 4,552.204 2007
Germany 2,915.87 3,259.212 3,414.629 2007
People's Republic of China 2,644.64 3,248.52 3,713.30 2007
United Kingdom 2,398.95 2,755.92 2,933.24 2007
France 2,252.21 2,515.24 2,656.53 2007
Italy 1,852.58 2,067.68 2,174.82 2007
Canada 1,275.28 1,406.43 1,527.76 2007
Spain 1,231.73 1,414.65 1,524.90 2007
Brazil 1,067.71 1,295.35 1,450.01 2007
Russia 984.92 1,223.73 1,480.18 2007
South Korea 888.27 949.70 1,006.13 2007
India 873.66 1,089.94 1,249.44 2007

Source: Wikipedia, IMF

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