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The Next Eleven
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
South Korea
and Vietnam
Vietnam
– identified by Goldman Sachs
Goldman Sachs
investment banker and economist Jim O'Neill in a research paper as having a high potential of becoming, along with the BRICS
BRICS
countries, 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. Next Eleven countries have an area of 10 million sq. kilometers while having a population of 1460 million. Combined nominal GDP
GDP
of these countries is 6.5 trillion dollars. In terms of purchasing power parity (PPP), their GDP
GDP
reached 15.5 trillion dollars. The criteria that Goldman Sachs
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.[2] It can be compared with the CIVETS
CIVETS
list coined by Robert Ward, global forecasting director for the Economist Intelligence Unit (EIU) – having a few differences, but many similarities.

Contents

1 Next Eleven
Next Eleven
countries

1.1 Developed countries 1.2 Newly industrialised countries 1.3 Developing countries

2 Country
Country
data 3 See also 4 References 5 Further reading

Next Eleven
Next Eleven
countries[edit] Developed countries[edit]

South Korea : Advanced economy (both CIA and IMF), High-income economy,[3] Very High human development, High-income OECD
OECD
member, Developed market
Developed market
(in: Dow Jones
Dow Jones
index, FTSE index, and S&P index),[4] Democracy, Development Assistance Committee
Development Assistance Committee
member, Paris Club member, G-20
G-20
major economies, Four Asian Tigers, KORUS FTA, European Union-Korea FTA, Visa Waiver Program
Visa Waiver Program
participant, APEC founding member, ASEAN Plus Three
ASEAN Plus Three
founding member, EAS founding member

Newly industrialised countries[edit]

Indonesia : Lower-middle-income economy,[3] Medium human development, Secondary Emerging market,[5] Flawed democracy, 3G country, Tiger Cub Economy, G-20
G-20
major economies, MINT country, APEC founding member, ASEAN
ASEAN
founding member, East Asia Summit
East Asia Summit
founding member, Developing 8 Countries Iran : Upper-middle-income economy,[6] High human development, Theocracy/Parliamentary System, OPEC
OPEC
and GECF
GECF
founding member, ECO founding member, Group of 15
Group of 15
member, Developing 8 Countries Mexico : Upper-middle-income economy,[3] High human development, democracy, OECD
OECD
member, Advanced Emerging market,[5] G-20
G-20
major economies, G8+5
G8+5
member, MINT country, NAFTA, APEC
APEC
member, Pacific Alliance founding member, Pacific Puma country Philippines : Lower-middle-income economy,[3] Medium human development, Secondary Emerging market,[5] Flawed democracy, G-20 Developing Economy, 3G country, Tiger Cub Economy, ASEAN
ASEAN
founding member, APEC
APEC
Founding member, EAS founding member Turkey : Upper-middle-income economy[7] and an advanced emerging market[5] with a high human development and a hybrid regime. Founding member of the OECD, Developing-8
Developing-8
and BSEC. Member of the G-20, NATO, Council of Europe, EU Customs Union, ECO and MINT. Also has an EU Association Agreement.

Developing countries[edit]

Bangladesh : Lower-middle-income economy,[8] listed under the developing countries,[8][9] has medium human development[10] Frontier market, Hybrid regime, 3G country, SAARC
SAARC
founding member, BIMSTEC member, Developing 8 Countries Egypt : Lower-middle-income economy,[3] Medium human development, Secondary Emerging market,[5] authoritarian regime, 3G country, G20 developing nations, Arab League
Arab League
member, GAFTA member, AU member, CAEU founding member, COMESA
COMESA
member, ENP member, Developing 8 Countries Nigeria : Lower-middle-income economy,[3] Low human development, Frontier market,[11] Flawed Democracy, 3G country, MINT country, AU member, OPEC
OPEC
member, Developing 8 Countries, Economic Community of West African States (ECOWAS) member Pakistan : Lower-middle-income economy,[12] Secondary Emerging market,[5] Hybrid Regime, G20 developing nations, SAARC
SAARC
founding member, Economic Cooperation Organization
Economic Cooperation Organization
(ECO) founding member, Developing 8 Countries Vietnam : Lower-middle-income economy,[3] Fast emerging, Medium human development, Frontier market,[11] authoritarian regime,[13] 3G country, APEC
APEC
member, ASEAN
ASEAN
member, EAS founding member.

Country
Country
data[edit]

Country Population GDP
GDP
(PPP) (2016) GDP
GDP
(nominal) (2016) GDP
GDP
per capita (PPP) (2016) GDP
GDP
per capita (nominal) (2016) Exports (2014) Imports (2014) Trade (2014) HDI (2015)

Bangladesh 150,039,000 $620.3 billion $223.9 billion $3,840 $1,466 $37.6 billion $40.7 billion $78.6 billion 0.570

Egypt 92,100,000 $1,047 billion $330.8 billion $11,850 $3,740 $27.1 billion $55.2 billion $82.3 billion 0.690

Indonesia 237,641,000 $2,685.9 billion $888.6 billion $9,635 $3,534 $179.4 billion $168.4 billion $347.8 billion 0.684

Iran 78,192,200 $1,334.3 billion $404.1 billion $17,114 $5,183 $95.7 billion $61.2 billion $156.9 billion 0.766

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 0.756

Nigeria 174,507,539 $1,049.1 billion $573.6 billion $5,746 $3,082 $93.01 billion $52.7 billion $145.71 billion 0.514

Pakistan 209,970,000 $1060.3 billion $304.4 billion $5,374 $1,629 $25.1 billion $45.07 billion $70.17 billion 0.550

Philippines 105,645,000 $692.2 billion $250.1 billion $6,597 $2,865 $53.3 billion $63.6 billion $116.9 billion 0.668

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 0.898

Turkey 73,723,000 $1,508.1 billion $751 billion $18,874 $9,562 $176.6 billion $240.4 billion $417 billion 0.761

Vietnam 93,388,000 $510.7 billion $186.04 billion $5,295 $2,053 $147 billion $138.6 billion $285.6 billion 0.666

See also[edit]

Nylonkong-Current Three E7 (countries) Chindia Developing 8 Countries CIVETS Emerging markets Emerging and growth-leading economies G20 developing nations Group of 24 List of countries by GDP
GDP
(nominal), (per capita) List of countries by HDI rank Newly industrialized countries Tiger Cub Economies European Union
European Union
Association Agreement List of country groupings List of multilateral free-trade agreements

References[edit]

^ Goldman Sachs's MIST Topping BRICs as Smaller Markets Outperform - Bloomberg ^ Global Economics Paper 134 and Jim O'Neill, BRIMCs ^ a b c d e f g "Data - Country
Country
Groups". World Bank. Retrieved 2009-02-02.  ^ Ihlwan, Moon (2009-09-21). "Korea Wins FTSE Developed World Status". BusinessWeek. Retrieved 2012-04-12.  ^ a b c d e f See FTSE emerging markets list ^ Torbat, Akbar E. (2010-09-27). "Industrialization and Dependency: the Case of Iran". Los Angeles: California State University. Retrieved 2011-09-04.  ^ " Country
Country
and lending groups", World Bank, Retrieved July 2, 2013 ^ a b " Country
Country
and Lending Groups". World Bank. Retrieved 2015-03-11.  ^ "International Statistical Institute (ISI), 2014". Developing Countries. The International Statistical Institute. Archived from the original on 2015-03-17. Retrieved 2015-03-11.  ^ " Bangladesh
Bangladesh
Economy is a Star in the World Economy says UN Expert" (PDF). United Nations. 2011. Retrieved July 6, 2013.  ^ a b See FTSE frontier markets list ^ " Country
Country
and Lending Groups Data". Data.worldbank.org. Retrieved 2012-04-12.  ^ " Vietnam
Vietnam
country profile - Overview". BBC News. 2012-01-15. Retrieved 2012-04-12. 

Further reading[edit]

"The N-11: More Than an Acronym" – Goldman Sachs
Goldman Sachs
study of N-11 nations, Global Economics Paper No: 153, March 28, 2007.

v t e

Next Eleven
Next Eleven
Economies

Bangladesh Egypt Indonesia Iran Mexico Nigeria Pakistan Philippines South Korea Turkey Vietnam

v t e

Leaders of the Next Eleven
Next Eleven
economies

Hasina el-Sisi Jokowi Rouhani Peña Nieto Buhari Abbasi Duterte Moon Erdoğan Phúc

v t e

South–South cooperation and Third Worldism

Global South

Development

Landlocked developing countries Least Developed Countries Heavily indebted poor countries

Markets

Emerging markets Newly industrialized country Transition economy

Worlds Theory

First World Second World Third World Fourth World

Geopolitics

Decolonization Cold War Neocolonialism Multipolarity World Conference against Racism

Durban I Durban II Durban III

Globalization

BRICS

Brazil–Russia–India–China–South Africa (BRICS) BASIC ( BRICS
BRICS
less Russia) BRIC
BRIC
( BRICS
BRICS
less South Africa) India–Brazil–South Africa Dialogue Forum (IBSA)

Finance

Debt Asian Clearing Union Asian Infrastructure Investment Bank Asian Development Bank Arab Monetary Fund BancoSur Caribbean Development Bank Common Fund for Commodities

Trade
Trade
and development

Developmental state Flying geese paradigm Infrastructure-based development Sustainable development Global System of Trade
Trade
Preferences Protocol on Trade
Trade
Negotiations New International Economic Order New World Information and Communication Order United Nations
United Nations
Conference on Trade
Trade
and Development United Nations
United Nations
Development Programme United Nations
United Nations
Industrial Development Organization

Public health

Generic drugs

biosimilar

Pharmaceutical patents

criticism

Test data exclusivity Doha Declaration World Health Organization

Organizations and groups

G-77 G-15 D-8 G20 developing nations
G20 developing nations
(G-20) G-24 G33 developing countries (G-33) G-11 G-90 Non-Aligned Movement African, Caribbean and Pacific Group African Union Afro–Asian Conference Association of Southeast Asian Nations Colombo Plan Community of Latin American and Caribbean States International Solar Alliance Like Minded Group Melanesian Spearhead Group Next Eleven North–South Summit Polynesian Leaders Group South Atlantic Peace and Cooperation Zone South Asian Association for Regional Cooperation Small Island Developing States South Centre Third World
Third World
Network

North–South divide

Brandt Report Global financial system

International Monetary Fund World Bank World Trade
Trade
Organization

Fair trade Financial regulation Global digital divide

v t e

Power in international relations

Types

Economic Energy Food Hard National Power politics Realpolitik Smart Soft Sharp

Status

Emerging Small Middle Regional Great Super Hyper

Geopolitics

American Asian British Chinese Indian Pacific

History

List of ancient great powers List of medieval great powers List of modern great powers International relations of the Great Powers (1814–1919)

Theory

Balance of power

European

Center of power Hegemonic stability theory Philosophy of power Polarity Power projection Power transition theory Second Superpower Sphere of influence Superpower
Superpower
collapse Superpower
Superpower
disengagement

Studies

Composite Index of National Capability Comprehensive National Power

Organizations and groups by region or regions affected

Africa

African Union Union for the Mediterranean

Africa–Asia

Arab League Cooperation Council for the Arab States of the Gulf
Cooperation Council for the Arab States of the Gulf
(GCC) Organization of Islamic Cooperation
Organization of Islamic Cooperation
(OIC)

Americas

Mercosur North Atlantic Treaty Organization (NATO) Organization of American States
Organization of American States
(OAS) Union of South American Nations
Union of South American Nations
(Unasur)

Asia

Asia Cooperation Dialogue
Asia Cooperation Dialogue
(ACD) Asia-Pacific Economic Cooperation
Asia-Pacific Economic Cooperation
(APEC) Association of Southeast Asian Nations
Association of Southeast Asian Nations
(ASEAN) China–Japan– South Korea
South Korea
trilateral summits Economic Cooperation Organization
Economic Cooperation Organization
(ECO) South Asian Association for Regional Cooperation
South Asian Association for Regional Cooperation
(SAARC) Shanghai Cooperation Organisation
Shanghai Cooperation Organisation
(SCO)

Europe

Council of Europe
Council of Europe
(CE) European Union
European Union
(EU) Nordic Council Visegrád Group

Eurasia

Commonwealth of Independent States
Commonwealth of Independent States
(CIS) Collective Security Treaty Organization
Collective Security Treaty Organization
(CSTO) Economic Cooperation Organization
Economic Cooperation Organization
(ECO) Eurasian Economic Union
Eurasian Economic Union
(EaEU) Turkic Council

North America–Europe

North Atlantic Treaty Organization (NATO) Arctic Council

Africa–Asia–Europe

Union for the Mediterranean

Africa–South America

South Atlantic Peace and Cooperation Zone

Oceania-Pacific

Australia–New Zealand–United States Security Treaty (ANZUS) Asia-Pacific Economic Cooperation
Asia-Pacific Economic Cooperation
(APEC) Melanesian Spearhead Group
Melanesian Spearhead Group
(MSG) Pacific Islands Forum
Pacific Islands Forum
(PIF) Polynesian Leaders Group
Polynesian Leaders Group
(PLG)

Non-regional

Brazil–Russia–India–China–South Africa (BRICS) Commonwealth of Nations Francophonie Colombia–Indonesia–Vietnam–Egypt–Turkey–South Africa (CIVETS) E7 E9 G4 G7 G8 G8+5 G20 G24 G77 India–Brazil–South Africa Dialogue Forum (IBSA) Mexico–Indonesia–Nigeria– Turkey
Turkey
(MINT) Next Eleven
Next Eleven
(N-11) Non-Aligned Movement
Non-Aligned Movement
(NAM) Organization for Economic Co-operation and Development (OECD) Uniting for Consensus

Global

U

.