Definition: BRIC is an acronym that refers to the economies of Brazil, Russia, India, and China, which are seen as major developing economies in the world. According to Forbes, "The general consensus is that the term was first prominently used in a Goldman Sachs report from 2003, which speculated that by 2050 these four economies would be wealthier than most of the current major economic powers."
Pronunciation: Brick
Also Known As: BRIMC - Brazil, Russia, India, Mexico, and China.
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The BRIC countries include more than 40% of the world's population and occupy over a quarter of the world's land area. Brazil, Russia, India, and China together are a powerful economic force.
