Next Eleven

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Next Eleven
N-11 countries in Magenta
N-11 countries in Magenta
Type High potential economies
Members

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, the world's largest economies in the 21st century. 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.[1]

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[edit]

Developed countries[edit]

Newly industrialising countries[edit]

Developing countries[edit]

Fast Emerging

Country data[edit]

Country Population GDP (PPP)
(2013)
GDP (nominal)
(2013)
GDP per capita (PPP)
(2014)
GDP per capita (nominal)
(2013)
Exports
(2012)
Imports
(2012)
Trade
(2012)
HDI
(2012)
Bangladesh 150,039,000 $324.6 billion $153.6 billion $2,575 $1,044 $30.2 billion $29.3 billion $59.5 billion 0.558
Egypt 84,550,000 $576.4 billion $275.7 billion $6,964 $3,213 $28.4 billion $58.8 billion $87.1 billion 0.662
Indonesia 237,641,000 $1,285 billion $867.5 billion $5,433 $3,498 $187.0 billion $178.5 billion $365.5 billion 0.629
Iran 77,176,930 $988.4 billion $548.6 billion $13,337 $7,207 $67.0 billion $70.0 billion $137.1 billion 0.742
Mexico 118,337,000 $1,845 billion $1,327 billion $16,002 $11,224 $370.9 billion $370.8 billion $741.7 billion 0.775
Nigeria 174,507,539 $479.3 billion $286.4 billion $3,020 $1,691 $95.7 billion $53.4 billion $149.0 billion 0.471
Pakistan 182,490,721 $574.1 billion $236.5 billion $3,623 $1,295 $29.7 billion $33.0 billion $62.7 billion 0.515
Philippines 100,440,100 $454.3 billion $272.2 billion $4,771 $2,792 $52.0 billion $57.2 billion $109.2 billion 0.654
South Korea 50,004,441 $1,666 billion $1,198 billion $34,155 $23,837 $552.6 billion $514.2 billion $1,066.8 billion 0.909
Turkey 73,723,000 $1,167 billion $821.8 billion $16,263 $10,744 $163.4 billion $228.9 billion $392.3 billion 0.722
Vietnam 90,388,000 $358.9 billion $170.0 billion $4,231 $1,896 $109.4 billion $109.6 billion $219.0 billion 0.617

See also[edit]

References[edit]

  1. ^ "Indonesia negara jagoan masa depan". Retrieved August 9, 2012. 
  2. ^ Global Economics Paper 134 and Jim O'Neill, BRIMCs
  3. ^ a b c d e f g h "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 See FTSE frontier markets list
  9. ^ "Country and Lending Groups | Data". Data.worldbank.org. Retrieved 2012-04-12. 
  10. ^ "Vietnam country profile - Overview". BBC News. 2012-01-15. Retrieved 2012-04-12. 
  11. ^ "Bangladesh Economy is a Star in the World Economy says UN Expert". United Nations. 2011. Retrieved July 6, 2013. 

Further reading[edit]