Import product diversification index in Somalia

Somalia: Import product diversification index was 0.6396 in 2011. ▬ Flat

Latest (2011)
0.6396
Change on year
down 3.5%
World rank
2nd
of 53 countries
All-time high
0.7289
in 1998
All-time low
0.6124
in 2003
Years of data
17
1995–2011

Import product diversification index in Somalia, 1995–2011

00.20.40.60.81995200320111995: 0.6541996: 0.6871997: 0.6841998: 0.7291999: 0.6892000: 0.692001: 0.6532002: 0.6132003: 0.6122004: 0.6792005: 0.6972006: 0.6352007: 0.6262008: 0.7242009: 0.7092010: 0.6632011: 0.64

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%.

Averages by decade

DecadeAverage LowestHighest 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

  1. 1 Liberia 0.871 compare
  2. 3 Sierra Leone 0.6296 compare
  3. 4 Gambia 0.6075 compare
  4. 5 Benin 0.5993 compare

See the full ranking of 55 places →

More trade data for Somalia

All data for Somalia →

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.

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About this data

Indicator
Import product diversification index
Source
UNCTAD Statistical Office, also reported in the UNCTAD Handbook of Statistics, various issues (http://unctadstat.unctad.org/)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
55 places, 935 data points, 1995–2011
Last refreshed

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.