Export Diversification, Theil index in Nigeria
Nigeria: Export Diversification, Theil index was 5.62 in 2014. β² Rising
Export Diversification, Theil index in Nigeria, 1962β2014
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.
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
- Extensive Margin, Theil index 0.7767 (2014)
- Intensive Margin, Theil index 4.84 (2014)
- Total current account debit/expenditure, Debit/Expenditure 68.62 billion (2024)
- Goods, Debit/Expenditure 39.80 billion (2024)
- Primary income, Debit/Expenditure 10.51 billion (2024)
- Services, Debit/Expenditure 17.93 billion (2024)
- Secondary income, Debit/Expenditure 380.46 million (2024)
- Milking, dairy machinery (trade) β Import Value 4,425 1000 USD (2007)
- Ploughs (e.g. reversible and non-reversible ploughs) β Import Value 5,185 1000 USD (2005)
- Pedestrian controlled tractors (single axle tractors) β Import Value 686 1000 USD (2007)
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.
Download this data
CSV Β· JSON β 53 observations, free to reuse under IMF Terms and Conditions (attribution required).
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.