Cape Verde vs Lesotho: Import product diversification index
Import product diversification index over time
- Cape Verde
- Lesotho
How they compare
Lesotho currently reports 0.5341 against 0.5316 in Cape Verde, a difference of 0.0026.
Across all 17 years both countries report, Lesotho has been ahead every year.
Cape Verde ranks 15th and Lesotho ranks 14th of 53 countries.
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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.