Organization:Next Eleven

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Next Eleven
N-11 countries in Magenta
N-11 countries in Magenta
TypeHigh potential economies
Members

The Next Eleven[1] (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.[2] 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 .[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.

Next Eleven countries

Developed economies

  • South Korea South Korea :A highly developed country 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] Democracy, Development Assistance Committee member, Paris Club member, G-20 major economies, NATO Global Partner, 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 industrialised economies

  • Iran Iran : Upper-middle-income economy,[6] High human development, Theocracy/Parliamentary System, OPEC and GECF founding member, ECO founding member, Group of 15 member, Developing 8 Countries
  • Indonesia Indonesia : Lower-middle-income economy,[4] Medium human development, Secondary Emerging market,[7] Flawed democracy, 3G country, Tiger Cub Economy, G-20 major economies, MINT country, APEC founding member, ASEAN founding member, East Asia Summit founding member, Developing 8 Countries
  • Mexico Mexico : Upper-middle-income economy,[4] High human development, democracy, OECD member, Advanced Emerging market,[7] G-20 major economies, G8+5 member, MINT country, NAFTA, APEC member, Pacific Alliance founding member, Pacific Puma country
  • Philippines Philippines : Lower-middle-income economy,[4] Medium human development, Secondary Emerging market,[7] Flawed democracy, G-20 Developing Economy, 3G country, Tiger Cub Economy, ASEAN founding member, APEC Founding member, EAS founding member.
  • Turkey Turkey : Upper-middle-income economy[8] and an advanced emerging market[7] with a high human development and a hybrid regime. Founding member of the OECD, 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 economies

  • Bangladesh Bangladesh : 8th fastest growing economy in the world.[9] Lower-middle-income economy,[10] listed under the developing countries,[10][11] has medium human development[12] Frontier market, Hybrid regime, SAARC founding member, BIMSTEC member, Developing 8 Countries,3G country
  • Egypt Egypt : Lower-middle-income economy,[4] Medium human development, Secondary Emerging market,[7] authoritarian regime, 3G country, G20 developing nations, Arab League member, GAFTA member, AU member, CAEU founding member, COMESA member, ENP member, Developing 8 Countries, 3g country [13]
  • Nigeria Nigeria : Lower-middle-income economy,[4] Low human development, Frontier market,[14] Flawed Democracy, 3G country, MINT country, AU member, OPEC member, Developing 8 Countries, Economic Community of West African States (ECOWAS) member
  • Pakistan Pakistan : Lower-middle-income economy,[15] Secondary Emerging market,[7] Hybrid Regime, G20 developing nations, SAARC founding member, Economic Cooperation Organization (ECO) founding member, Developing 8 Countries
  • Vietnam Vietnam : Lower-middle-income economy,[4] Fast emerging, Medium human development, Frontier market,[14] authoritarian regime,[16] Socialist republic, former satellite state of the Soviet Union, 3G country, APEC member, ASEAN member, EAS founding member, former member of Comecon.

Country data

Country Population GDP (PPP) in trillions
(2018)		 GDP (nominal)
(2018)		 GDP per capita (PPP)
(2018)		 GDP per capita (nominal)
(2018)		 Exports
(2014)		 Imports
(2014)		 Trade
(2014)		 HDI
(2018)
 Bangladesh 150,039,000 $0.758 trillion $286.27 billion $4,561 $1,754 $37.6 billion $40.7 billion $78.6 billion 0.608
 Egypt 92,100,000 $1.3 trillions $253.2 billion $13,330 $2,611 $27.1 billion $55.2 billion $82.3 billion 0.696
 Indonesia 237,641,000 $3.5 trillions $1,074.9 billion $13,162 $4,052 $179.4 billion $168.4 billion $347.8 billion 0.694
 Iran 78,192,200 $1.75 trillions $418.8 billion $21,241 $5,086 $95.7 billion $61.2 billion $156.9 billion 0.798
 Mexico 123,337,000 $2.5 trillions $1,212.8 billion $20,617 $9,723 $406.4 billion $407.1 billion $813.5 billion 0.774
 Nigeria 174,507,539 $1.1 trillions $408.6 billion $6,027 $2,108 $93.01 billion $52.7 billion $145.71 billion 0.532
 Pakistan 209,970,000 $1.15 trillions $313.13 billion $5,677 $1,641 $25.1 billion $45.07 billion $70.17 billion 0.562
 Philippines Template:Data Philippines $0.96 trillion $400 billion $9,862 $3,894 $53.3 billion $63.6 billion $116.9 billion 0.699
 South Korea 50,004,441 $2.1 trillions $1,693.2 billion $40,775 $32,867 $572.7 billion $525.5 billion $1,098.2 billion 0.903
 Turkey 73,723,000 $2.3 trillions $714.8 billion $28,347 $8,716 $176.6 billion $240.4 billion $417 billion 0.791
 Vietnam 93,388,000 $0.705 trillion $240.7 billion $7,463 $2,546 $147 billion $138.6 billion $285.6 billion 0.694

See also


References

  1. ↑ Arabic: التالي الحادي عشر, Al-ttali al-hadi eshr
    Bengali: পরবর্তী এগারো, Parabartī ēgārō
    Indonesian: Berikutnya Sebelas
    Korean: 다음열한, Da-eum yeolhan
    Persian: بعدی یازده‎ B'eda aazedh
    Spanish: Siguiente Once
    Tagalog: Susunod na Labing-isa
    Turkish: Sonraki Onbir
    Urdu: اگلے گیارہ‎ Aglay Gayarah
    Vietnamese: Mười một
  2. ↑ Goldman Sachs's MIST Topping BRICs as Smaller Markets Outperform - Bloomberg
  3. ↑ Global Economics Paper 134 and Jim O'Neill, BRIMCs
  4. ↑ 4.0 4.1 4.2 4.3 4.4 4.5 4.6 "Data - Country Groups". World Bank. http://web.worldbank.org/WBSITE/EXTERNAL/DATASTATISTICS/0,,contentMDK:20421402~pagePK:64133150~piPK:64133175~theSitePK:239419,00.html. Retrieved 2009-02-02. 
  5. ↑ Ihlwan, Moon (2009-09-21). "Korea Wins FTSE Developed World Status". BusinessWeek. http://www.businessweek.com/globalbiz/blog/eyeonasia/archives/2009/09/korea_wins_ftse.html. Retrieved 2012-04-12. 
  6. ↑ Torbat, Akbar E. (2010-09-27). "Industrialization and Dependency: the Case of Iran". Los Angeles: California State University. http://www.ecosecretariat.org/ftproot/Publications/Journal/2/Industrialization%20and%20Dependency%20-%20the%20Case%20of%20Iran%20d%20by%20Akbar%20Torbat.doc. Retrieved 2011-09-04. 
  7. ↑ 7.0 7.1 7.2 7.3 7.4 7.5 See FTSE emerging markets list
  8. ↑ "Country and lending groups", World Bank, Retrieved July 2, 2013
  9. ↑ "The World Factbook". https://www.cia.gov/library/publications/the-world-factbook/rankorder/2003rank.html#bg. 
  10. ↑ 10.0 10.1 "Country and Lending Groups". World Bank. http://data.worldbank.org/about/country-and-lending-groups. Retrieved 2015-03-11. 
  11. ↑ "International Statistical Institute (ISI), 2014". Developing Countries. The International Statistical Institute. Archived from the original on 2015-03-17. https://web.archive.org/web/20150317073512/http://www.isi-web.org/component/content/article/5-root/root/8759. Retrieved 2015-03-11. 
  12. ↑ "Bangladesh Economy is a Star in the World Economy says UN Expert". United Nations. 2011. http://www.un.int/wcm/webdav/site/bangladesh/shared/Press%20Release/Bangladesh%20Economy%20is%20a%20Star%20in%20the%20World%20Economy,%20says%20UN%20Experts.pdf. Retrieved July 6, 2013. 
  13. ↑ "Analysis of Key Sectors of 3G Countries". https://www.mordorintelligence.com/industry-reports/analysis-of-key-sectors-of-3g-countries. Retrieved 2017-03-12. 
  14. ↑ 14.0 14.1 See FTSE frontier markets list
  15. ↑ "Country and Lending Groups | Data". Data.worldbank.org. http://data.worldbank.org/node/123#Lower_income. Retrieved 2012-04-12. 
  16. ↑ "Vietnam country profile - Overview". BBC News. 2012-01-15. http://news.bbc.co.uk/2/hi/europe/country_profiles/1243338.stm. Retrieved 2012-04-12. 

Further reading




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