Import product diversification index in Benin
Benin: Import product diversification index was 0.5993 in 2011. ▲ Rising
Import product diversification index in Benin, 1995–2011
Source: UNCTAD Statistical Office, also reported in the UNCTAD Handbook of Statistics, various issues (http://unctadstat.unctad.org/).
Analysis
Benin recorded 0.5993 for import product diversification index in 2011.
Compared with earlier readings it is down 0.7% on the previous year and up 11.0% over ten years.
Over the whole period, import product diversification index in Benin peaked at 0.6101 in 2008 and was at its lowest, 0.5104, in 2003.
Benin ranks 5th of 53 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 17 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.5611 | 0.5482 | 0.5863 | 5 |
| 2000s | 0.551 | 0.5104 | 0.6101 | 10 |
| 2010s | 0.6014 | 0.5993 | 0.6034 | 2 |
Countries ranked near Benin
More trade data for Benin
- Net long-term borrowing 0 BoP, current US$ (2011)
- Pesticides imports 1.95 million FAO, current US$ (2010)
- Food imports excluding fish 420.92 million FAO, current US$ (2010)
- Total agricultural imports 459.88 million FAO, current US$ (2010)
- Cereal imports 92.06 million FAO, current US$ (2010)
- Cereal imports quantity 649,054 FAO, tonnes (2010)
- Total agricultural exports 601.17 million FAO, current US$ (2010)
- Cereal exports 101.46 million FAO, current US$ (2010)
- Cereal exports quantity 581,879 FAO, tonnes (2010)
- Merchandise exports, WB 626.60 million current US$ (2005)
Frequently asked questions
- What is import product diversification index in Benin?
- Import product diversification index in Benin was 0.5993 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 import product diversification index recorded in Benin?
- The highest recorded value was 0.6101 in 2008.
- What is the lowest import product diversification index recorded in Benin?
- The lowest recorded value was 0.5104 in 2003.
- How does Benin rank for import product diversification index?
- Benin ranks 5th out of 53 countries with data for 2011.
- Is import product diversification index rising or falling in Benin?
- Over the last ten years it is up 11.0%. The long-run trend across the full record is rising.
- Where does this Benin 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 Import 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 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.