3G countries or Global Growth Generators countries are 11 countries economies which have been identified as sources of growth potential and of profitable investment opportunities.

Background

February 2011: Citigroup

Citigroup

Citigroup Inc. or Citi is an American multinational financial services corporation headquartered in Manhattan, New York City, New York, United States. Citigroup was formed from one of the world's largest mergers in history by combining the banking giant Citicorp and financial conglomerate...

 analysts Willem Buiter

Willem Buiter

Willem Hendrik Buiter Willem Hendrik Buiter Willem Hendrik Buiter (born September 26, 1949]] was a member of the Bank of England's Monetary Policy Committee from June 1997-May 2000. He joined the London School of Economics as a chair in the European Institute in September 2005....

 (Chief Economist) and Ebrahim Rahbari said that BRICS (BRIC

BRIC

In economics, BRIC is a grouping acronym that refers to the countries of Brazil, Russia, India and China, which are all deemed to be at a similar stage of newly advanced economic development...

 plus South Africa

South Africa

The Republic of South Africa is a country in southern Africa. Located at the southern tip of Africa, it is divided into nine provinces, with of coastline on the Atlantic and Indian oceans...

) countries have "outlived their usefulness", further adding that the categories emerging markets, advanced economies, developing countries, BRICS, Next Eleven or the Growth Markets are all labels belonging to classification schemes that are either obsolete or unlikely to ever had any validity. So, long run continues growths are important, although the eleven countries identified are poor today and have decades of catch-up growth to look forward to.

The grouping based on a weighted average of 6 growth drivers:

• Domestic saving/investment
• Demographic prospects
• Health
• Education
• Quality of institutions and policies
• Trade openness

3G Index Score

Global Growth Generators (3G) countries 2010-2050

Country	2010 GDP/Capita	% of US GDP/Capita	% Av. Growth	3G Index
Bangladesh	$1,735	4	6.3	0.39
'	$7,430	16	5.0	0.81
Egypt	$5,878	13	5.0	0.37
India	$3,298	7	6.4	0.71
Indonesia	$4,363	10	5.6	0.70
Iraq	$3,538	8	6.1	0.58
Mongolia	$3,764	8	6.3	0.63
Nigeria	$2,335	5	6.9	0.25
Philippines	$3,684	8	5.5	0.60
Sri Lanka	$4,988	11	5.5	0.33
Vietnam	$3,108	7	6.4	0.86

Note: China and India highligted in Gold with Bold text as also BRIC

BRIC

In economics, BRIC is a grouping acronym that refers to the countries of Brazil, Russia, India and China, which are all deemed to be at a similar stage of newly advanced economic development...

 countries. Bigger index means better conditions. GDP per capita measured at 2010 PPP USD. Average growth is average growth in forecast of real GDP per capita measured at 2010 PPP USD.

3G countries

The most promising growth prospects countries are: Bangladesh

Bangladesh

Bangladesh , officially the People's Republic of Bangladesh is a sovereign state located in South Asia. It is bordered by India on all sides except for a small border with Burma to the far southeast and by the Bay of Bengal to the south...

, China

China

Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...

, Egypt

Egypt

Egypt , officially the Arab Republic of Egypt, Arabic: , is a country mainly in North Africa, with the Sinai Peninsula forming a land bridge in Southwest Asia. Egypt is thus a transcontinental country, and a major power in Africa, the Mediterranean Basin, the Middle East and the Muslim world...

, India

India

India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...

, Indonesia

Indonesia

Indonesia , officially the Republic of Indonesia , is a country in Southeast Asia and Oceania. Indonesia is an archipelago comprising approximately 13,000 islands. It has 33 provinces with over 238 million people, and is the world's fourth most populous country. Indonesia is a republic, with an...

, Iraq

Iraq

Iraq ; officially the Republic of Iraq is a country in Western Asia spanning most of the northwestern end of the Zagros mountain range, the eastern part of the Syrian Desert and the northern part of the Arabian Desert....

, Mongolia

Mongolia

Mongolia is a landlocked country in East and Central Asia. It is bordered by Russia to the north and China to the south, east and west. Although Mongolia does not share a border with Kazakhstan, its western-most point is only from Kazakhstan's eastern tip. Ulan Bator, the capital and largest...

, Nigeria

Nigeria

Nigeria , officially the Federal Republic of Nigeria, is a federal constitutional republic comprising 36 states and its Federal Capital Territory, Abuja. The country is located in West Africa and shares land borders with the Republic of Benin in the west, Chad and Cameroon in the east, and Niger in...

, Philippines

Philippines

The Philippines , officially known as the Republic of the Philippines , is a country in Southeast Asia in the western Pacific Ocean. To its north across the Luzon Strait lies Taiwan. West across the South China Sea sits Vietnam...

, Sri Lanka

Sri Lanka

Sri Lanka, officially the Democratic Socialist Republic of Sri Lanka is a country off the southern coast of the Indian subcontinent. Known until 1972 as Ceylon , Sri Lanka is an island surrounded by the Indian Ocean, the Gulf of Mannar and the Palk Strait, and lies in the vicinity of India and the...

 and Vietnam

Vietnam

Vietnam – sometimes spelled Viet Nam , officially the Socialist Republic of Vietnam – is the easternmost country on the Indochina Peninsula in Southeast Asia. It is bordered by China to the north, Laos to the northwest, Cambodia to the southwest, and the South China Sea –...

.
China and India as BRIC countries are 3G countries, but not for Brazil

Brazil

Brazil , officially the Federative Republic of Brazil , is the largest country in South America. It is the world's fifth largest country, both by geographical area and by population with over 192 million people...

, and Russia

Russia

Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...

.
Developing Asia

Asia

Asia is the world's largest and most populous continent, located primarily in the eastern and northern hemispheres. It covers 8.7% of the Earth's total surface area and with approximately 3.879 billion people, it hosts 60% of the world's current human population...

 and Africa

Africa

Africa is the world's second largest and second most populous continent, after Asia. At about 30.2 million km² including adjacent islands, it covers 6% of the Earth's total surface area and 20.4% of the total land area...

 will be fastest growing regions until 2050, driven by population and income growth, so all of 3G countries came from the both continents (Asia by 9 countries and Africa by 2 countries) and no one from the other continents. Vietnam has the highest Global Growth Generators Index among the 11 major economies, China is second with 0.81, followed by India's 0.71. This holds Vietnam as world's highest potential source of high growth and profitable investment opportunities.
October 2011: Based on a report from the HSBC

HSBC

HSBC Holdings plc is a global banking and financial services company headquartered in Canary Wharf, London, United Kingdom. it is the world's second-largest banking and financial services group and second-largest public company according to a composite measure by Forbes magazine...

 Trade Confidence Index (TCI) and HSBC Trade Forecast there are 4 countries with significant trade volume growth, i.e. Egypt, India, Vietnam and Indonesia with growth expected at least 7.3 percent per year until 2025.

Others countries

Iran

Iran

Iran , officially the Islamic Republic of Iran , is a country in Southern and Western Asia. The name "Iran" has been in use natively since the Sassanian era and came into use internationally in 1935, before which the country was known to the Western world as Persia...

 and North Korea

North Korea

The Democratic People’s Republic of Korea , , is a country in East Asia, occupying the northern half of the Korean Peninsula. Its capital and largest city is Pyongyang. The Korean Demilitarized Zone serves as the buffer zone between North Korea and South Korea...

 could catch the 3G countries if they achieve political transitions and open their economies. Some might add Argentina

Argentina

Argentina , officially the Argentine Republic , is the second largest country in South America by land area, after Brazil. It is constituted as a federation of 23 provinces and an autonomous city, Buenos Aires...

, Burma, and Venezuela

Venezuela

Venezuela , officially called the Bolivarian Republic of Venezuela , is a tropical country on the northern coast of South America. It borders Colombia to the west, Guyana to the east, and Brazil to the south...

. Whether Mexico

Mexico

The United Mexican States , commonly known as Mexico , is a federal constitutional republic in North America. It is bordered on the north by the United States; on the south and west by the Pacific Ocean; on the southeast by Guatemala, Belize, and the Caribbean Sea; and on the east by the Gulf of...

, Brazil

Brazil

Brazil , officially the Federative Republic of Brazil , is the largest country in South America. It is the world's fifth largest country, both by geographical area and by population with over 192 million people...

, Turkey

Turkey

Turkey , known officially as the Republic of Turkey , is a Eurasian country located in Western Asia and in East Thrace in Southeastern Europe...

 and Thailand

Thailand

Thailand , officially the Kingdom of Thailand , formerly known as Siam , is a country located at the centre of the Indochina peninsula and Southeast Asia. It is bordered to the north by Burma and Laos, to the east by Laos and Cambodia, to the south by the Gulf of Thailand and Malaysia, and to the...

 will catch 3G countries depends on increasing their domestic saving/investment rates substantially. Some developed countries, such as Ireland

Ireland

Ireland is an island to the northwest of continental Europe. It is the third-largest island in Europe and the twentieth-largest island on Earth...

, Canada

Canada

Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...

, Australia

Australia

Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...

 and the USA could also become 3G countries, as stated in the report.

The Top 10 Largest Economies in the World

List of the top 10 largest economies by nominal GDP from 2010 to 2050 (in current billions of USD)

2010 Rank	Country	GDP	2030 Rank	Country	GDP	2050 Rank	Country	GDP
1		14,612	1		57,138	1		205,321
2		5,860	2		35,739	2		180,490
3		5,465	3		24,824	3		83,805
4		3,292	4		9,213	4		45,901
5		2,602	5		8,780	5		42,437
6		2,259	6		7,380	6		33,199
7		2,044	7		7,299	7		19,697
8		1,989	8		6,466	8		16,394
9		1,596	9		5,819	9		14,738
10		1,572	10		5,236	10		13,846

Note: 3G countries are hightlighted in green colour and bold text.

List of the top 10 largest economies by GDP (PPP) from 2010 to 2050 (in current billions of USD)

2010 Rank	Country	GDP	2030 Rank	Country	GDP	2050 Rank	Country	GDP
1		14,612	1		55,873	1		184,406
2		9,980	2		35,739	2		171,643
3		4,330	3		33,779	3		83,805
4		3,920	4		8,056	4		29,880
5		2,910	5		7,665	5		24,839
6		2,200	6		6,997	6		20,399
7		2,160	7		6,213	7		16,667
8		2,160	8		5,879	8		14,093
9		2,120	9		5,327	9		13,900
10		1,750	10		4,645	10		12,913

Note: 3G countries are hightlighted in green colour and bold text.

Comparison with BRIC

BRIC comprise of four countries; Brazil, Russia, India and China. The acronym has come into widespread use as a symbol of the shift in global economic power away from the developed G7 economies towards the developing world, it was estimated that BRIC economies will overtake G7 economies by 2027. However this concept was coined in 2001 based on the available information at the time, a decade later in 2011 3G is formed as a better alternative predicated on new data. Unlike BRIC 3G consist of 11 countries instead of four. The top four countries in 3G are Vietnam, China, India and Indonesia; these countries are equivalent to the "Big Four" with China and India the only countries from BRIC to make it into 3G and Vietnam and Indonesia replacing Brazil and Russia.