Next Eleven
From Infogalactic: the planetary knowledge core
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Next Eleven
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 N-11 countries in Magenta
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| Type | High potential economies | |
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11 Countries
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The Next Eleven (known also by the numeronym N-11) are the eleven countries – Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, the Philippines, Turkey, South Korea and Vietnam – identified by Goldman Sachs investment bank and economist Jim O'Neill in a research paper as having a high potential of becoming, along with the BRICs, among the world's largest economies in the 21st century.[1] The bank chose these states, all with promising outlooks for investment and future growth, on December 12, 2005. At the end of 2011, the four most prominent countries in the Next Eleven, Mexico, Indonesia, South Korea and Turkey, made up 73 percent of all Next Eleven GDP. BRIC GDP was $13.5 trillion, while MINT GDP at almost 30 percent of that: $3.9 trillion.[2]
The criteria that Goldman Sachs used were macroeconomic stability, political maturity, openness of trade and investment policies, and the quality of education. The N-11 paper is a follow-up to the bank's 2003 paper on the four emerging "BRIC" economies, Brazil, Russia, India, and China.[3] It can be compared with the CIVETS list coined by Robert Ward, global forecasting director for the Economist Intelligence Unit (EIU) – having a few differences, but many similarities.
Contents
Next Eleven countries
Developed countries
South Korea : Advanced economy (both CIA and IMF), High-income economy,[4] Very High human development, High-income OECD member, Developed market (in: Dow Jones index, FTSE index, and S&P index),[5] Full democracy, Development Assistance Committee member, G-20 major economies, Four Asian Tigers, KORUS FTA, European Union-Korea FTA, Visa Waiver Program participant, APEC founding member, ASEAN Plus Three founding member, EAS founding member
Newly industrialising countries
Indonesia : Lower-middle-income economy,[4] Medium human development, Secondary Emerging market,[6] Flawed democracy, 3G country, Tiger Cub Economy, G-20 major economies, MINT country, APEC founding member, ASEAN founding member, EAS founding member, Developing 8 Countries
Iran : Upper-middle-income economy,[7] High human development, Islamic Republic, OPEC and GECF founding member, ECO founding member, Group of 15 member, Developing 8 Countries
Mexico : Upper-middle-income economy,[4] High human development, Flawed democracy, OECD member, Advanced Emerging market,[6] G-20 major economies, G8+5 member, MINT country, NAFTA, APEC member, EAS founding member
Philippines : Lower-middle-income economy,[4] Medium human development, Secondary Emerging market,[6] Flawed democracy, G-20 Developing Economy, 3G country, Tiger Cub Economy, ASEAN founding member, APEC Founding member, EAS founding member
Turkey : Upper-middle-income economy,[8] Advanced economy, High human development, Hybrid regime, OECD founding member, Advanced Emerging market,[6] G-20 major economies, MINT country, NATO member, EU Customs Union, ECO member, EU Association Agreement, founder Developing 8 Countries
Developing countries
Bangladesh : Lower-middle-income economy,[9] listed under the developing countries,[9][10] has medium human development[11] Frontier market, Flawed democracy, 3G country, SAARC founding member, BIMSTEC member, Developing 8 Countries
Egypt : Lower-middle-income economy,[4] Medium human development, Secondary Emerging market,[6] Authoritarian regime, 3G country, G20 developing nations, AU member, CAEU founding member, COMESA member, ENP member, Developing 8 Countries
Nigeria : Lower-middle-income economy,[4] Low human development, Frontier market,[12] Flawed Democracy, 3G country, MINT country, AU member, OPEC member, Developing 8 Countries, Economic Community of West African States (ECOWAS) member
Pakistan : Lower-middle-income economy,[13] Low human development, Secondary Emerging market,[6] Hybrid Regime, G20 developing nations, ECO founding member, SAARC founding member, Economic Cooperation Organization (ECO) founding member, Developing 8 Countries.
Vietnam : Lower-middle-income economy,[4] Fast emerging, Medium human development, Frontier market,[12] Authoritarian regime,[14] 3G country, APEC member, ASEAN member, EAS founding member.
Country data
| Country | Population | GDP (PPP) (2014) |
GDP (nominal) (2014) |
GDP per capita (PPP) (2014) |
GDP per capita (nominal) (2014) |
Exports (2014) |
Imports (2014) |
Trade (2014) |
HDI (2012) |
|---|---|---|---|---|---|---|---|---|---|
| Bangladesh | 150,039,000 | $533.7 billion | $185.4 billion | $3,167 | $1,172 | $31.2 billion | $38.5 billion | $69.7 billion | 0.558 |
| Egypt | 88,200,000 | $943.1 billion | $286.4 billion | $11,443 | $3,304 | $27.1 billion | $55.2 billion | $82.3 billion | 0.682 |
| Indonesia | 237,641,000 | $868.3 billion | $888.6 billion | $9,635 | $3,534 | $179.4 billion | $168.4 billion | $347.8 billion | 0.629 |
| Iran | 78,192,200 | $1,334.3 billion | $404.1 billion | $17,114 | $5,183 | $95.7 billion | $61.2 billion | $156.9 billion | 0.742 |
| Mexico | 123,337,000 | $2,140.6 billion | $1,282.7 billion | $17,881 | $10,715 | $406.4 billion | $407.1 billion | $813.5 billion | 0.775 |
| Nigeria | 174,507,539 | $1,049.1 billion | $573.6 billion | $5,746 | $3,082 | $93.01 billion | $52.7 billion | $145.71 billion | 0.471 |
| Pakistan | 182,490,721 | $926.3 billion | $289.4 billion | $4,574 | $1,343 | $25.1 billion | $45.07 billion | $70.17 billion | 0.537 |
| Philippines | Expression error: Unexpected < operator. | $692.2 billion | $250.1 billion | $6,597 | $2,865 | $53.3 billion | $63.6 billion | $116.9 billion | 0.654 |
| South Korea | 50,004,441 | $1,778.8 billion | $1,416.9 billion | $35,277 | $28,101 | $572.7 billion | $525.5 billion | $1,098.2 billion | 0.909 |
| Turkey | 73,723,000 | $1,508.1 billion | $806.1 billion | $18,874 | $10,482 | $176.6 billion | $240.4 billion | $417 billion | 0.722 |
| Vietnam | 93,388,000 | $510.7 billion | $186.04 billion | $5,295 | $2,053 | $147 billion | $138.6 billion | $285.6 billion | 0.617 |
See also
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- CIVETS
- BRIC
- MINT
- E7 (countries)
- Chindia
- Developing 8 Countries
- Emerging markets
- Emerging and growth-leading economies
- Four Asian Tigers
- G20 developing nations
- G-20 major economies
- G8+5
- Group of 24
- Group of 77
- List of countries by GDP (nominal), (per capita)
- List of countries by HDI rank
- Newly industrialized countries
- OECD
- Tiger Cub Economies
- European Union Association Agreement
References
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<references />, or <references group="..." />Further reading
- "The N-11: More Than an Acronym" – Goldman Sachs study of N-11 nations, Global Economics Paper No: 153, March 28, 2007.
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Next Eleven Economies
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- ↑ Goldman Sachs’s MIST Topping BRICs as Smaller Markets Outperform - Bloomberg
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- ↑ Global Economics Paper 134 and Jim O'Neill, BRIMCs
- ↑ 4.0 4.1 4.2 4.3 4.4 4.5 4.6 Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ 6.0 6.1 6.2 6.3 6.4 6.5 See FTSE emerging markets list
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- ↑ "Country and lending groups", World Bank, Retrieved July 2, 2013
- ↑ 9.0 9.1 Lua error in package.lua at line 80: module 'strict' not found.
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- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ 12.0 12.1 See FTSE frontier markets list
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