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N-11 nations in red. From left: Mexico, Nigeria, Egypt, Turkey, Iran, Pakistan, Bangladesh, Indonesia, Vietnam, South Korea, Philippines
The Next Eleven (or N-11) are eleven countries — Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, The Philippines, South Korea, Turkey, and Vietnam — identified by Goldman Sachs investment bank as having a high potential of becoming the world's largest economies in the 21st century along with the BRICs. The bank chose these states, all with promising outlooks for investment and future growth, on December 12, 2005.
Goldman Sachs used macroeconomic stability, political maturity, openness of trade and investment policies, and the quality of education as criteria. 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.1
Next Eleven countries
Developed country
 South Korea: Advanced economy (both CIA and IMF), High-income economy2, High human development, High-income OECD member, Developed market3, Full democracy, G-20 major economies, Four Asian Tigers, KORUS FTA, Visa Waiver Program participant, APEC founding member, ASEAN Plus Three founding member, EAS founding member
Newly industrialized country
 Mexico: Upper-middle-income economy2, High human development, OECD member, Advanced Emerging market4, Flawed democracy, G-20 major economies, G8+5 member, NAFTA, APEC member Philippines: Lower-middle-income economy2, Medium human development, Secondary Emerging market4, Flawed democracy, G20 developing nations, APEC founding member, ASEAN founding member, EAS founding member Turkey: Upper-middle-income economy2, Medium human development, OECD member, Secondary Emerging market4, Hybrid regime, G-20 major economies, EU Customs Union, ECO member
Developing country
 Egypt: Lower-middle-income economy2, Medium human development, Secondary Emerging market4, Authoritarian regime, G20 developing nations, CAEU founding member, COMESA member, ENP member Indonesia: Lower-middle-income economy2, Medium human development, Secondary Emerging market4, Flawed democracy, G-20 major economies, APEC founding member, ASEAN founding member, EAS founding member Iran: Lower-middle-income economy2, Medium human development, Authoritarian regime, OPEC founding member, ECO member, Group of 15 member, Developing 8 Countries Nigeria: Low-income economy2, Low human development, Frontier market5, Authoritarian regime, G20 developing nations, OPEC member Pakistan: Low-income economy2, Medium human development, Secondary Emerging market4, Hybrid regime, G20 developing nations, SAARC founding member, ECO member, Developing 8 Countries Vietnam: Low-income economy2, Medium human development, Frontier market5, Authoritarian regime, APEC member, ASEAN member, EAS founding member
Least developed country
 Bangladesh: Low-income economy2, Medium human development, Frontier market5, Flawed democracy, SAARC founding member, Developing 8 Countries
See also
References
Further reading
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