Monthly Archives: January 2018

//January

Its Time to Rebase Cameroon’s GDP

By |2018-03-03T04:59:19+00:00January 22nd, 2018|Categories: Publications|Tags: , , |

By Lontum Edwin Nchadze Initiated by Ghana in 2011, large-scale upward revisions of GDP estimates have been announced by several African countries in recent years. These announcements preceded an exercise carried out in each country; the revision of methods and base data used to calculate the Gross Domestic Product(GDP), known as rebasing GDP. In 2014 alone, Kenya, Nigeria, Tanzania, Uganda, and Zambia all completed rebasing exercises, which led to significant revaluations of their GDPs: Nigeria’s GDP nearly doubled, Tanzania’s grew by 33%, Kenya’s and Zambia’s increased by 25%, and Uganda’s rose by 13%. What is GDP Rebasing? Typically, GDP figures [...]