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, among 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.