Import product diversification index in Somalia
Somalia: Import product diversification index was 0.6396 in 2011. ▬ Flat
Import product diversification index in Somalia, 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 Somalia is 0.6396, measured in 2011.
The figure is down 3.5% on the previous year and down 2.0% over ten years.
Over the whole period, import product diversification index in Somalia peaked at 0.7289 in 1998 and was at its lowest, 0.6124, in 2003.
That places Somalia 2nd out of 53 countries with data for 2011, putting it in the top 10%.
Import product diversification index in Somalia, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 0.6543 | — |
| 1996 | 0.6873 | +5.0% |
| 1997 | 0.6835 | -0.5% |
| 1998 | 0.7289 | +6.6% |
| 1999 | 0.6893 | -5.4% |
| 2000 | 0.6898 | +0.1% |
| 2001 | 0.6527 | -5.4% |
| 2002 | 0.6132 | -6.0% |
| 2003 | 0.6124 | -0.1% |
| 2004 | 0.6794 | +10.9% |
| 2005 | 0.6965 | +2.5% |
| 2006 | 0.6354 | -8.8% |
| 2007 | 0.6256 | -1.5% |
| 2008 | 0.7241 | +15.7% |
| 2009 | 0.7092 | -2.1% |
| 2010 | 0.6628 | -6.5% |
| 2011 | 0.6396 | -3.5% |
Somalia compared with similar countries
- Somalia's 0.6396 is above the median for low income countries, which is 0.5179, 1.2× the median. (20 countries reporting)
- Somalia's 0.6396 is above the median for Sub-Saharan Africa, which is 0.5119, 1.2× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.6887 | 0.6543 | 0.7289 | 5 |
| 2000s | 0.6638 | 0.6124 | 0.7241 | 10 |
| 2010s | 0.6512 | 0.6396 | 0.6628 | 2 |
Countries ranked near Somalia
More trade data for Somalia
- Extensive Margin, Theil index 1.43 (2014)
- Export Diversification, Theil index 4.77 (2014)
- Intensive Margin, Theil index 3.35 (2014)
- Imports of goods and services, US dollar (Balance of Payments and) 14.55 billion (2030)
- Exports of goods and services, US dollar (Balance of Payments and) 4.18 billion (2030)
- Net long-term borrowing 0 BoP, current US$ (2011)
- Pesticides imports 1.35 million FAO, current US$ (2010)
- Food imports excluding fish 313.48 million FAO, current US$ (2010)
- Total agricultural imports 376.15 million FAO, current US$ (2010)
- Cereal imports 122.56 million FAO, current US$ (2010)
Frequently asked questions
- What is import product diversification index in Somalia?
- Import product diversification index in Somalia was 0.6396 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 Somalia?
- The highest recorded value was 0.7289 in 1998.
- What is the lowest import product diversification index recorded in Somalia?
- The lowest recorded value was 0.6124 in 2003.
- How does Somalia rank for import product diversification index?
- Somalia ranks 2nd out of 53 countries with data for 2011.
- Is import product diversification index rising or falling in Somalia?
- Over the last ten years it is down 2.0%. The long-run trend across the full record is flat.
- Where does this Somalia 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
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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.