Export Diversification, Theil index in Nigeria
Nigeria: Export Diversification, Theil index was 5.62 in 2014. ▲ Rising
Export Diversification, Theil index in Nigeria, 1962–2014
Source: International Monetary Fund.
Analysis
In 2014, export diversification, theil index in Nigeria stood at 5.62.
Compared with earlier readings it is down 2.7% on the previous year and down 5.8% over ten years.
Over the whole period, export diversification, theil index in Nigeria peaked at 6.22 in 1982 and was at its lowest, 3.71, in 1964.
That places Nigeria 12th out of 189 countries with data for 2014, putting it in the top 10%.
The long-run direction has been consistently rising across the 53 years of available data.
Export Diversification, Theil index in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1962 | 3.74 | — |
| 1963 | 3.74 | +0.1% |
| 1964 | 3.71 | -0.7% |
| 1965 | 3.9 | +5.0% |
| 1966 | 3.92 | +0.6% |
| 1967 | 4.05 | +3.2% |
| 1968 | 3.78 | -6.8% |
| 1969 | 4.17 | +10.5% |
| 1970 | 4.65 | +11.6% |
| 1971 | 5.13 | +10.2% |
| 1972 | 5.51 | +7.3% |
| 1973 | 5.39 | -2.2% |
| 1974 | 5.93 | +10.0% |
| 1975 | 6.01 | +1.4% |
| 1976 | 6.05 | +0.7% |
| 1977 | 5.98 | -1.1% |
| 1978 | 5.92 | -1.1% |
| 1979 | 6.03 | +1.9% |
| 1980 | 6.15 | +2.0% |
| 1981 | 6.13 | -0.3% |
| 1982 | 6.22 | +1.4% |
| 1983 | 6.09 | -2.0% |
| 1984 | 6.11 | +0.3% |
| 1985 | 6.15 | +0.7% |
| 1986 | 6.11 | -0.6% |
| 1987 | 6.06 | -0.9% |
| 1988 | 5.89 | -2.8% |
| 1989 | 5.98 | +1.5% |
| 1990 | 5.99 | +0.2% |
| 1991 | 6 | +0.2% |
| 1992 | 6.08 | +1.2% |
| 1993 | 5.98 | -1.5% |
| 1994 | 5.9 | -1.4% |
| 1995 | 5.72 | -3.0% |
| 1996 | 5.94 | +3.7% |
| 1997 | 5.94 | +0.1% |
| 1998 | 5.79 | -2.6% |
| 1999 | 5.83 | +0.8% |
| 2000 | 6.04 | +3.5% |
| 2001 | 5.88 | -2.6% |
| 2002 | 5.76 | -2.0% |
| 2003 | 5.84 | +1.3% |
| 2004 | 5.96 | +2.1% |
| 2005 | 6.01 | +0.7% |
| 2006 | 5.99 | -0.2% |
| 2007 | 5.94 | -0.9% |
| 2008 | 5.85 | -1.5% |
| 2009 | 5.83 | -0.3% |
| 2010 | 5.54 | -5.1% |
| 2011 | 5.57 | +0.6% |
| 2012 | 5.62 | +0.9% |
| 2013 | 5.78 | +2.8% |
| 2014 | 5.62 | -2.7% |
Nigeria compared with similar countries
- Nigeria's 5.62 is above the median for lower middle income countries, which is 3.88, 1.4× the median. (45 countries reporting)
- Nigeria's 5.62 is above the median for Sub-Saharan Africa, which is 4.52, 1.2× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 3.88 | 3.71 | 4.17 | 8 |
| 1970s | 5.66 | 4.65 | 6.05 | 10 |
| 1980s | 6.09 | 5.89 | 6.22 | 10 |
| 1990s | 5.92 | 5.72 | 6.08 | 10 |
| 2000s | 5.91 | 5.76 | 6.04 | 10 |
| 2010s | 5.62 | 5.54 | 5.78 | 5 |
Countries ranked near Nigeria
More trade data for Nigeria
- Commodity Net Export Price Index, Individual Commodities Weighted by 66.76 (2025)
- Commodity Net Export Price Index, Individual Commodities Weighted by 93.8 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 93.58 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 63.43 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 99.77 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 85.81 (2025)
- Imports of low carbon technology products, Percent of GDP 0.5627 (2024)
- Imports of low carbon technology products, US dollar (World), per 6.1 units per person (2024)
- Imports of low carbon technology products, US dollar (World), per 0.0056 units per US$ of GDP (2024)
- Exports of low carbon technology products, US dollar (World), gaps 42.54 million (2024)
Frequently asked questions
- What is export diversification, theil index in Nigeria?
- Export diversification, theil index in Nigeria was 5.62 in 2014, according to International Monetary Fund.
- What is the highest export diversification, theil index recorded in Nigeria?
- The highest recorded value was 6.22 in 1982.
- What is the lowest export diversification, theil index recorded in Nigeria?
- The lowest recorded value was 3.71 in 1964.
- How does Nigeria rank for export diversification, theil index?
- Nigeria ranks 12th out of 189 countries with data for 2014.
- Is export diversification, theil index rising or falling in Nigeria?
- Over the last ten years it is down 5.8%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, published as part of Export Diversification, Theil index. Statizoid updates them automatically from the source API.
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About this data
Covers 200 countries with data from 1962 to 2014. It has three main indicators: the Export Diversification Index, which can be disaggregated into sub-indices covering the Extensive Margin and the Intensive Margin. As these are Theil indices, higher values for all three correspond to lower export diversification.