Import product diversification index in Liberia
Liberia: Import product diversification index was 0.871 in 2011. ▼ Falling
Import product diversification index in Liberia, 1995–2011
Source: UNCTAD Statistical Office, also reported in the UNCTAD Handbook of Statistics, various issues (http://unctadstat.unctad.org/).
Analysis
Liberia recorded 0.871 for import product diversification index in 2011.
The figure is up 5.1% on the previous year and down 0.4% over ten years.
Over the whole period, import product diversification index in Liberia peaked at 0.8968 in 1998 and was at its lowest, 0.8179, in 2006.
That places Liberia 1st out of 53 countries with data for 2011, putting it in the top 10%.
The long-run direction has been consistently falling across the 17 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.8807 | 0.8588 | 0.8968 | 5 |
| 2000s | 0.8559 | 0.8179 | 0.896 | 10 |
| 2010s | 0.8498 | 0.8285 | 0.871 | 2 |
Countries ranked near Liberia
More trade data for Liberia
- Net long-term borrowing 0 BoP, current US$ (2011)
- Pesticides imports 1.90 million FAO, current US$ (2010)
- Food imports excluding fish 251.48 million FAO, current US$ (2010)
- Total agricultural imports 270.89 million FAO, current US$ (2010)
- Cereal imports 144.81 million FAO, current US$ (2010)
- Cereal imports quantity 339,289 FAO, tonnes (2010)
- Total agricultural exports 197.77 million FAO, current US$ (2010)
- Cereal exports 7,000 FAO, current US$ (2010)
- Cereal exports quantity 58 FAO, tonnes (2010)
- Merchandise exports, WB 260.00 million current US$ (2008)
Frequently asked questions
- What is import product diversification index in Liberia?
- Import product diversification index in Liberia was 0.871 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 Liberia?
- The highest recorded value was 0.8968 in 1998.
- What is the lowest import product diversification index recorded in Liberia?
- The lowest recorded value was 0.8179 in 2006.
- How does Liberia rank for import product diversification index?
- Liberia ranks 1st out of 53 countries with data for 2011.
- Is import product diversification index rising or falling in Liberia?
- Over the last ten years it is down 0.4%. The long-run trend across the full record is falling.
- Where does this Liberia 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.