Statizoid

Democratic Republic of Congo vs Libya: Import product diversification index

Democratic Republic of Congo
0.455
in 2011
Libya
0.4619
in 2011
Democratic Republic of Congo rank
45th
Libya rank
42nd

Import product diversification index over time

  • Democratic Republic of Congo
  • Libya
00.20.40.6199520032011

How they compare

Libya currently reports 0.4619 against 0.455 in Democratic Republic of Congo, a difference of 0.0069.

The two have swapped places 1 time across 17 shared years of data; in 1995 it was Democratic Republic of Congo ahead.

Democratic Republic of Congo ranks 45th and Libya ranks 42nd of 53 countries.

Individual pages

About this data

Indicator
Import product diversification index
Source
UNCTAD Statistical Office, also reported in the UNCTAD Handbook of Statistics, various issues (http://unctadstat.unctad.org/)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
55 places, 935 data points, 1995–2011
Last refreshed

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.