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.
Export product diversification index in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 0.8954 | — |
| 1996 | 0.8776 | -2.0% |
| 1997 | 0.8853 | +0.9% |
| 1998 | 0.8821 | -0.4% |
| 1999 | 0.8899 | +0.9% |
| 2000 | 0.8847 | -0.6% |
| 2001 | 0.8784 | -0.7% |
| 2002 | 0.867 | -1.3% |
| 2003 | 0.8773 | +1.2% |
| 2004 | 0.7715 | -12.1% |
| 2005 | 0.8552 | +10.8% |
| 2006 | 0.8346 | -2.4% |
| 2007 | 0.8499 | +1.8% |
| 2008 | 0.8182 | -3.7% |
| 2009 | 0.8416 | +2.9% |
| 2010 | 0.7986 | -5.1% |
| 2011 | 0.79 | -1.1% |
Nigeria compared with similar countries
- Nigeria's 0.79 is above the median for lower middle income countries, which is 0.748, 1.1× the median. (24 countries reporting)
- Nigeria's 0.79 is above the median for Sub-Saharan Africa, which is 0.7577, 1.0× the median. (47 countries reporting)
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
- 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 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).