Statizoid

Guinea vs Madagascar: Import product diversification index

Guinea
0.5207
in 2011
Madagascar
0.5164
in 2011
Guinea rank
20th
Madagascar rank
23rd

Import product diversification index over time

  • Guinea
  • Madagascar
00.20.40.6199520032011

How they compare

Guinea currently reports 0.5207 against 0.5164 in Madagascar, a difference of 0.0044.

The two have swapped places 4 times across 17 shared years of data; in 1995 it was Guinea ahead.

Guinea ranks 20th and Madagascar ranks 23rd 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.