Burkina Faso vs Madagascar: Import product diversification index
Import product diversification index over time
- Burkina Faso
- Madagascar
How they compare
Madagascar currently reports 0.5164 against 0.5119 in Burkina Faso, a difference of 0.0045.
The two have swapped places 3 times across 17 shared years of data; in 1995 it was Burkina Faso ahead.
Burkina Faso ranks 25th and Madagascar ranks 23rd of 53 countries.
Burkina Faso has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Burkina Faso | Madagascar | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 0.4839 | 0.4067 | 0.0772 | Burkina Faso |
| 2000s | 0.5124 | 0.4989 | 0.0135 | Burkina Faso |
| 2010s | 0.5151 | 0.5021 | 0.013 | Burkina Faso |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher import product diversification index, Burkina Faso or Madagascar?
- Madagascar, at 0.5164 against 0.5119 in Burkina Faso as of 2011.
- What is the difference in import product diversification index between Burkina Faso and Madagascar?
- 0.0045, with Madagascar ahead.
- How many years of comparable data are there for Burkina Faso and Madagascar?
- 17 years are reported by both, from 1995 to 2011.
- How do Burkina Faso and Madagascar rank globally for import product diversification index?
- Burkina Faso ranks 25th and Madagascar ranks 23rd of 53 countries.
- Where does this data come from?
- UNCTAD Statistical Office, also reported in the UNCTAD Handbook of Statistics, various issues (http://unctadstat.unctad.org/), published as Import product diversification index. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The diversification index signals whether the structure of imports by product of a given country or group of countries differ from the structure of product of the world. Diversification index that ranges from 0 to 1 reveals the extent of the differences between the structure of trade of the country or country group and the world average. The index value closer to 1 indicates a bigger difference from the world average. It is constructed as the inverse of a Herfindahl index, using disaggregated exports at 4 digits (following the STIC3). This index is a modified Finger-Kreinin measure of similarity in trade. For more information, please consult the article of Finger, J. M. and M. E. Kreinin (1979), “A measure of ‘export similarity’ and its possible uses” in the Economic Journal , 89: 905-12.