BRIC countries, because it quoted the English initials of Brazil, Russian, Indian, China and South Africa. Because the word is similar to the English word Brick, it is called "bricks".
BRICS countries account for 26.46% of the world's total territory and 4 1.93% of the world's total population. It is estimated that in 20021year, the total economic output of the five countries will account for about 25.24% of the world, and the total trade volume will account for about 17.9% of the world. In 2022, the voting rights of the five countries in the World Bank were 14.06%, and their total share in the International Monetary Fund was 14. 15%.
Background of establishment:
In 200 1 year, Goldman Sachs first put forward the concept of BRIC, which was abbreviated from the English names of Brazil, Russian, Indian and China. Because the spelling and pronunciation of "brick" are similar to the English word "brick", China media and scholars translated it into BRICS countries.
From June 5438 to 10, 2003, Goldman Sachs published a global economic report entitled "Dream with the BRICS". The report predicts that by 2050, the world economic structure will be drastically reshuffled, and the world's six new economies will become China, the United States, India, Japan, Brazil and Russia. The term BRIC was first put forward by Jim O 'Neill of Goldman Sachs in 200 1 year.
Reference to the above content: Baidu Encyclopedia-BRICS countries