Corruption and Economic Growth in BRICS Countries

Abstract

The study presents a comprehensive analysis of the Corruption Index (CI) ranks and Gross Domestic Product (GDP) of Brazil, Russia, India, China, and South Africa, highlighting their economic and governance trends over times. Brazil's stable Corruption Index rankings and fluctuating GDP growth demonstrate the country's economic resilience and the influence of various economic factors. Similarly, Russia's steady Corruption Index rankings and adaptable GDP growth signify the nation's economic resilience. India's consistent Corruption Index ranks and growing GDP reflect the country's economic strength, while China's stable Corruption Index ranks and robust GDP growth demonstrate its economic prowess. South Africa, facing challenges with fluctuating Corruption Index ranks, exhibits gradual improvements in GDP, indicating potential prospects for economic development. Through Correlation coefficient we found positive correlation in Brazil, India, and China, with varying magnitudes of effect. Where negative correlation was found in Russia and South Africa. ANOVA ANALYSIS revealed statistically significant relationships between corruption perception and economic growth were found in Russia, India, and China, with varying magnitudes of effect.