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BRICS The Coming Economic Power House


Ronnie Higuchi Rusli

Not just far in the horizon that we're seeing the coming economic power house of BRICS and MINT would replace the old world G-7.

By geographycal size, population (market), energy and mineral resources availability for economic engine and military power (they're nuclear arm countries) they are indeed far bigger compare to the old world (G-7). As recently the meeting of SCO in Dushanbe (11-12 September 2014) agreed to add India, Pakistan and Iran to be a full member, thus added to the existing membership of China, Russia, Khazakstan, Kyrgyzstan, Uzbekistan and Tajikistan to become a total 9 countries and 3 observer status

China has a spectacular economic growth and need clean energy such as natural gas resources and its is Russia and Iran who has the world number one and two of gas reserve with super huge oil reserve too. There is no slightest doubt that China is number one replacing the old US and EU which is fading economically

Here is some of the statistic from my compilation of data to look into detail of their economy and compare to the US and EU

BRIC, EU and US (by Ronnie Higuchi Rusli)

1.Brazil: Pop: 201,000,000 area: 8,515,767 km2 GDP $2.215 trillion, External debt US$ 330.22 billion (Jul 2014)

2.Russia: Pop: 144,000,000 area: 17,098,242 km2 GDP 2,630 trillion, External debt US$ 720.90 billion (Jul 2014)

3.India: Pop: 1,210,193,444 area: 3,287,590 km2 GDP $5.425 trillion, External debt US$ 390.08 billion (Jan 2014)

4.Indonesia: Pop : 250,000000 area: 1,904,569 km2 GDP $1.3 trillion External debt US$ 294.06 billion(Jan 14)

5.China: Pop: 1,350,695,000 area 9,596,961 km2 GDP $14.625 trillion, External debt US$ 8631.67 billion (Jan 14)

6.South Africa: Pop 52,981,991 area 1,221,037 km2 GDP $0.623 trillion, External debt US$138.48 billion (Jul 2014)

7.EU: Pop: 741,000,000 area: 10,180,000 km2 GDP $ 17.36 trillion

8.US: Pop: Pop: 318,480,00 area: 9,626,091 km2 GDP $ 17.52 trillion

9.US+EU: Pop: 1,059 million area: 19.806 juta km persegi GDP (Total) $ 34.92 trilliun

10.Eurasian EU + BRICS: Pop=3.70 billion people, Total Area=49.88 million km2 Total GDP =US$42.86 trillion

11.US Pop: 318,480,00 area: 9,626,091 km2 GDP $ 17.52 trillion and National debt is US$17.61 trillion, household debt US$ 16 trillion, debt/capita US$ 136,568

12.EU: Pop: 741,000,000 area: 10,180,000 km2 GDP $ 17.36 trillion, total EU Debt 15.376 Trillion debt/capita US$ 30,545.-

13.US+EU Pop: 1,059 million area: 19.806 million km2, GDP (Total) $ 34.92 trilliun. Total debt: US$32.99 trillion or 94.47% of total GDP

14.BRICS: Pop= 2.96 billion people, Total Area = 39.7 million km2 Total GDP = $ 25.5 Trillion, External debt = US$10.3 trillion or 40.39% of total GDP

*Mexico, Nigeria, and Turkey no included

**BRIICS: Pop 3.21 billion, Total area 41,6 million km2, GDP (total) $ 26.8 trillion, Total external debt =US$10.59 trillion or 39.52% of total GDP

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