Thursday, February 27, 2014

Zambia GDP adds 25 percent after rebasing its economy

[caption id="attachment_412670" align="alignnone" width="512" caption="Zambia Central Bank"][/caption]

Zambia's gross domestic product is now estimated to be over 25 percent bigger after a rebasing its economy and updating the base year from 1994 to 2010, the country's statistics office said on Thursday. "According to the new benchmark estimates the GDP for 2010 is estimated at 97.2 billion kwacha( $16.7 billion). The new estimates are 25.2 percentage points higher than the old," acting

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