Import product diversification index in Burkina Faso
Burkina Faso: Import product diversification index was 0.5119 in 2011. ▲ Rising
Import product diversification index in Burkina Faso, 1995–2011
Source: UNCTAD Statistical Office, also reported in the UNCTAD Handbook of Statistics, various issues (http://unctadstat.unctad.org/).
Analysis
The most recent figure for import product diversification index in Burkina Faso is 0.5119, measured in 2011.
The figure is down 1.3% on the previous year and up 1.4% over ten years.
Over the whole period, import product diversification index in Burkina Faso peaked at 0.5488 in 2009 and was at its lowest, 0.4528, in 1997.
That places Burkina Faso 25th out of 53 countries with data for 2011, putting it in the middle of the range.
The long-run direction has been consistently rising across the 17 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.4839 | 0.4528 | 0.511 | 5 |
| 2000s | 0.5124 | 0.488 | 0.5488 | 10 |
| 2010s | 0.5151 | 0.5119 | 0.5184 | 2 |
Countries ranked near Burkina Faso
- 23 Madagascar 0.5164 compare
- 24 Sudan 0.5119 compare
- 26 Cote d'Ivoire 0.5061 compare
- 27 Burundi 0.5049 compare
- 28 Ethiopia 0.5033 compare
More trade data for Burkina Faso
- Net long-term borrowing 0 BoP, current US$ (2011)
- Pesticides imports 11.51 million FAO, current US$ (2010)
- Food imports excluding fish 229.33 million FAO, current US$ (2010)
- Total agricultural imports 306.86 million FAO, current US$ (2010)
- Cereal imports 101.97 million FAO, current US$ (2010)
- Cereal imports quantity 354,838 FAO, tonnes (2010)
- Total agricultural exports 364.01 million FAO, current US$ (2010)
- Cereal exports 9.59 million FAO, current US$ (2010)
- Cereal exports quantity 34,989 FAO, tonnes (2010)
- Merchandise exports, WB 2.21 billion current US$ (2011)
Frequently asked questions
- What is import product diversification index in Burkina Faso?
- Import product diversification index in Burkina Faso was 0.5119 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 Burkina Faso?
- The highest recorded value was 0.5488 in 2009.
- What is the lowest import product diversification index recorded in Burkina Faso?
- The lowest recorded value was 0.4528 in 1997.
- How does Burkina Faso rank for import product diversification index?
- Burkina Faso ranks 25th out of 53 countries with data for 2011.
- Is import product diversification index rising or falling in Burkina Faso?
- Over the last ten years it is up 1.4%. The long-run trend across the full record is rising.
- Where does this Burkina Faso 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.