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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 banker and economist Jim O'Neill in a research paper as having a high potential of becoming, along with the 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 of these countries is 6.5 trillion dollars. In terms of purchasing power parity (PPP), their GDP reached 15.5 trillion dollars.

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.[2] 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.

Next Eleven countries

Developed countries

Newly industrialised countries

Developing countries

Country data

Country Population GDP (PPP)
(2016)
GDP (nominal)
(2016)
GDP per capita (PPP)
(2016)
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

References

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

Further reading