Export product diversification index in Nigeria
Nigeria: Export product diversification index was 0.79 in 2011. ▼ Falling
Export product diversification index in Nigeria, 1995–2011
Source: UNCTAD Statistical Office, also reported in the UNCTAD Handbook of Statistics, various issues (http://unctadstat.unctad.org/).
Analysis
Nigeria recorded 0.79 for export product diversification index in 2011.
That represents a change of down 1.1% on the previous year and down 10.1% over ten years.
Over the whole period, export product diversification index in Nigeria peaked at 0.8954 in 1995 and was at its lowest, 0.7715, in 2004.
Nigeria ranks 17th of 53 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 17 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.8861 | 0.8776 | 0.8954 | 5 |
| 2000s | 0.8478 | 0.7715 | 0.8847 | 10 |
| 2010s | 0.7943 | 0.79 | 0.7986 | 2 |
Countries ranked near Nigeria
More trade data for Nigeria
- Net long-term borrowing 0 BoP, current US$ (2011)
- Pesticides imports 128.67 million FAO, current US$ (2010)
- Lead time to export, median case 3 days (2018)
- Food imports excluding fish 5.14 billion FAO, current US$ (2010)
- Total agricultural imports 5.64 billion FAO, current US$ (2010)
- Cereal imports 1.88 billion FAO, current US$ (2010)
- Cereal imports quantity 5.87 million FAO, tonnes (2010)
- Total agricultural exports 1.16 billion FAO, current US$ (2010)
- Cereal exports 100,000 FAO, current US$ (2010)
- Cereal exports quantity 259 FAO, tonnes (2010)
Frequently asked questions
- What is export product diversification index in Nigeria?
- Export product diversification index in Nigeria was 0.79 in 2011, according to UNCTAD Statistical Office, also reported in the UNCTAD Handbook of Statistics, various issues (http://unctadstat.unctad.org/).
- What is the highest export product diversification index recorded in Nigeria?
- The highest recorded value was 0.8954 in 1995.
- What is the lowest export product diversification index recorded in Nigeria?
- The lowest recorded value was 0.7715 in 2004.
- How does Nigeria rank for export product diversification index?
- Nigeria ranks 17th out of 53 countries with data for 2011.
- Is export product diversification index rising or falling in Nigeria?
- Over the last ten years it is down 10.1%. The long-run trend across the full record is falling.
- Where does this Nigeria data come from?
- The figures come from UNCTAD Statistical Office, also reported in the UNCTAD Handbook of Statistics, various issues (http://unctadstat.unctad.org/), published as part of Export product diversification index. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The diversification index signals whether the structure of exports by product of a given country or group of countries differ from the structure of product of the world. Diversification index is computed by measuring absolute deviation of the country share from world structure. 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).