PUBLISHER: MarketLine | PRODUCT CODE: 1117254
PUBLISHER: MarketLine | PRODUCT CODE: 1117254
The BRIC Government Spending industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Brazil, Russian Federation, India and China (BRIC) are the emerging and fast growing countries within the government spendings industry and had a total market value of $5,504.3 billion in 2021. India was the fastest growing country with a CAGR of 16.8% over the 2017-21 period.
Within the government spendings industry, China is the leading country among the BRIC nations with market revenues of $3,818.0 billion in 2021. This was followed by Brazil, India and Russia with a value of $803.3, $554.0, and $329.0 billion, respectively.
China is expected to lead the government spendings industry in the BRIC nations with a value of $4,924.7 billion in 2026, followed by Brazil, India, Russia with expected values of $1,036.5, $785.6 and $551.9 billion, respectively.