26 Countries Considered to Be Frontier Markets
Frontier markets are a subset of emerging markets. These countries are in the earliest stage of economic development, but they do each have a stock market and investable securities. If you're looking to invest in emerging markets or conduct international trade, growth can be explosive in frontier markets, and the profit potential is enormous.
However, the nature of frontier markets means that the risk is high, too. These countries may have small economies, impoverished human capital, and weak infrastructure to support investors, any of which can lead to curtailed growth. If you're interested in investing your money to help the world move forward but don't like a lot of risk or don't feel comfortable taking a gamble, investing in more established emerging markets would be safer than investing in frontier markets.
As of Winter 2014, here are the frontier markets:
Trinidad and Tobago
United Arab Emirates