Somalia | Import product diversification index
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.
Publisher
The World Bank
Origin
Federal Republic of Somalia
Records
53
Source
Somalia | Import product diversification index
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1980
1981
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0.65425683 1995
0.68725466 1996
0.68353856 1997
0.72888044 1998
0.68933313 1999
0.689797 2000
0.65268377 2001
0.61323732 2002
0.61238152 2003
0.67937022 2004
0.69654068 2005
0.635366 2006
0.62561469 2007
0.72409319 2008
0.7092252 2009
0.6628055 2010
0.63958686 2011
2012
Somalia | Import product diversification index
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.
Publisher
The World Bank
Origin
Federal Republic of Somalia
Records
53
Source