Zambia to rebase economy

Zambia to rebase economy

Minister of Finance Margaret Mwanakatwe says Government has set aside funds aimed at rebasing the size of the economy in 2019. This simply means inflating the size of the country gross domestic product.

“We need a clear picture on the size of the Zambian economy due to its changed structure from 2010 to date,” Finance Minister Margaret Mwanakatwe said in a statement.

“Therefore, we have set aside funds in the 2019 budget for rebasing the Gross Domestic Product (GDP) in order to better measure our economy,” the statement said.

No further details about the rebasing exercise were provided.

In neighbouring Zimbabwe, the statistics agency rebased some of its economic statistics earlier in October in an unexpected move that the government said increased the nominal size of its struggling economy by more than 40 per cent.

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