Liberia | Export product diversification index

The diversification index signals whether the structure of exports by product of a given country or group of countries differ from the structure of product of the world. Diversification index is computed by measuring absolute deviation of the country share from world structure. 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).
Publisher
The World Bank
Origin
Republic of Liberia
Records
53
Source
Liberia | Export product diversification index
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995 0.77045578
1996 0.80653249
1997 0.81023376
1998 0.84216807
1999 0.79831602
2000 0.8317192
2001 0.84376806
2002 0.83890258
2003 0.81411384
2004 0.81423516
2005 0.85230608
2006 0.80083729
2007 0.79543665
2008 0.73849841
2009 0.80969549
2010 0.70202624
2011 0.73219759
2012

Liberia | Export product diversification index

The diversification index signals whether the structure of exports by product of a given country or group of countries differ from the structure of product of the world. Diversification index is computed by measuring absolute deviation of the country share from world structure. 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).
Publisher
The World Bank
Origin
Republic of Liberia
Records
53
Source