Import product diversification index in Nigeria
Nigeria: Import product diversification index was 0.4292 in 2011. ▲ Rising
Import 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
The most recent figure for import product diversification index in Nigeria is 0.4292, measured in 2011.
Compared with earlier readings it is down 2.4% on the previous year and down 3.8% over ten years.
Over the whole period, import product diversification index in Nigeria peaked at 0.5549 in 2004 and was at its lowest, 0.407, in 1999.
Nigeria ranks 47th of 53 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 17 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.426 | 0.407 | 0.4455 | 5 |
| 2000s | 0.4687 | 0.4277 | 0.5549 | 10 |
| 2010s | 0.4346 | 0.4292 | 0.44 | 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 import product diversification index in Nigeria?
- Import product diversification index in Nigeria was 0.4292 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 Nigeria?
- The highest recorded value was 0.5549 in 2004.
- What is the lowest import product diversification index recorded in Nigeria?
- The lowest recorded value was 0.407 in 1999.
- How does Nigeria rank for import product diversification index?
- Nigeria ranks 47th out of 53 countries with data for 2011.
- Is import product diversification index rising or falling in Nigeria?
- Over the last ten years it is down 3.8%. The long-run trend across the full record is rising.
- 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 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.