Newly industrialised country (NIC)

A country experiencing industrialisation and rapid economic growth, with rising incomes.

A middle-income country experiencing relatively rapid economic growth, characterised by expanding manufacturing, rapid urban growth, strong international trading relationships and foreign-owned multinational companies.

A country undergoing substantial industrial growth and economic change, although incomes and living standards remain uneven.

An economy experiencing substantial growth in manufacturing and related industries, increasing its role in the world economy.

A country that has experienced rapid industrial growth and is becoming increasingly important in the world economy, with manufacturing and often services expanding beyond an economy heavily dependent on agriculture.