Nigeria | 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
Federal Republic of Nigeria
Records
53
Source
Nigeria | Export product diversification index
1960
1961
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1967
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1974
1975
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1978
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1980
1981
1982
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1989
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1991
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0.89538625 1995
0.87759384 1996
0.88529603 1997
0.88213397 1998
0.88991286 1999
0.88465819 2000
0.87844312 2001
0.86696948 2002
0.87728737 2003
0.77147189 2004
0.8551528 2005
0.8345565 2006
0.84990953 2007
0.81822821 2008
0.84155842 2009
0.79859967 2010
0.78996988 2011
2012

Nigeria | 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
Federal Republic of Nigeria
Records
53
Source