Total BRIC countries GDP to exceed that of US in 2015: report

The joint Gross Domestic Product (GDP) of the four BRIC countries - Brazil, Russia, India and China - will exceed that of the United States in 2015. BRIC will account for one third of the world GDP growth, says the Annual Report (Blue Book) on BRIC's Social-Economic Development (2011), which was published here on Thursday.

"In the coming 15 years the BRIC countries will retain the trend of stable and relatively quick economic growth. They will hold an even higher place in the world economy," the Blue Book said. "According to a forecast, the joint GDP of the four BRIC countries will amount to 22% of world GDP in 2015, as against 15% in 2008. So, those countries will surpass the United States by that index."

In 2011 "the inflow of foreign capital to the new developing economic entities will reach 1,100 billion dollars. The BRIC countries will continue to be the most attractive for foreign investments," the Blue Book stressed.