The ILO and the BRICS

BRICS is a grouping acronym referring to the countries of Brazil, Russia, India, China and South Africa. Since 2009, BRICS countries are meeting annually at formal summits and the ILO is supporting the respective BRICS presidencies.

BRICS: Facts and figures

• The unemployment rate in BRICS countries is estimated at 6.7 per cent in 2020.
• About 9.8 per cent of the adult and 28.4 per cent of the youth labour force was underutilized in 2019; i.e. they are either unemployed, time-related underemployed or in the potential labour force (persons not in employment who express an interest in this form of work but for whom existing conditions limit their active job search and/or their availability).
• The gender gap in the labour force participation rate stood at 31.1 percentage points in 2019.
• Youth unemployment has grown continuously since 2010 and reached a record high of 18.3 per cent in 2019.
• The share of youth not in employment, education or training (NEET) is estimated at 14.7 per cent for male and at 37.0 per cent for female in 2019.

More information: https://ilostat.ilo.org