The Economic Complexity Index (ECI) is a measure of the amount of capabilities and know-how of a given country determined by the diversity, ubiquity, and complexity of the products it exports.
A rank of countries based on how diversified and complex their export basket is. Countries that are home to a great diversity of productive know-how, particularly complex specialized know-how, are able to produce a great diversity of sophisticated products.
The complexity of a country’s exports is found to highly predict current income levels, or where complexity exceed expectations for a country’s income level, the country is predicted to experience more rapid growth in the future. ECI therefore provides a useful measure of economic development.
This Economic Complexity Index is computed using SITC product classification.
Type of variable: Continuous
Downloaded by QoG on: 2023-11-24
Last updated by source: 2023-07-28
| Dataset | No. Countries |
|---|---|
| Standard cross-section: | 133 |
| Standard time-series: | 133 |
| OECD cross-section: | 36 |
| OECD time-series: | 36 |