The Next Eleven largest economies in 21st century

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]

GS believes that following BRICs (Brazil, Russia, India and China), these eleven economies may become influential by 2050 because of the projected size of their economies.

Among them, Korea and Mexico are particularly important. Mexico will become the sixth-largest economy. By 2050, Korea will become richer (in income per capita) than any of the current G7s (Canada, France, Germany, Italy, Japan, U.K., U.S.) except the U.S. GDP per capita of Korea will reach 81,462 USD (in market exchange rate) in 2050, if everything goes smoothly, while Mexico’s will reach 52,990 USD. U.S.’s GDP per capita, standing at 89,663 USD in 2050, will be still slightly richer than Korea’s.

Currently, US’s GDP per capita stands between 42,000 and 43,000 USD/year, and Korea’s GDP per capita will reach this level between year 2015 and 2020, which is not very far away from now.

South Korea is the only country labeled as a developed country by both the CIA and IMF list of advanced economies, having the largest economy and highest income per capita out of the eleven countries. It is also the only market going to be classified by FTSE Group as "developed", in September 2009.[2] All other countries are either developing countries or newly industrialized countries according to both lists.