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Industrial production in the BRIC countries 2000 - 2022

Industrial production of BRIC countries growing with weakening growth rates

BRIC countries

Update May 22nd, 2023 - Industrial production in Brazil, Russia, India and China, the so-called BRIC countries, has been growing in the period under review from 2000 to 2022, albeit at declining growth rates.

In comparison with the industrialized countries, two special features and a common characteristic are apparent.

First of all, industrial production in the BRIC countries is predominantly growing continuously and more dynamically than in the industrialised countries.

In contrast to the industrialized countries, the decline caused by the global economic crisis in 2008/09 was made up after one to two years.

As in the industrialized countries, the growth rates of industrial production have been declining since 2014. And like Japan, Brazil is still well below its pre-crisis level fourten years after the outbreak of the crisis.

The BRIC countries also share the 2019/2020 crisis with the industrialized countries. In China, quarterly industrial production went through a roller coaster ride with lower growth on balance.

Industrial production in Brazil, India, Russia and China from 2000 to 2022.

Dynamic growth since 2000 has been replaced by a steady decline in industrial production's growth rates. The role of the BRIC countries, which were still the driving force behind exports from industrialized countries during the global economic crisis, has narrowed considerably.