THE Zambia Statistics Agency (ZAMSTATS) has selected 2023 as the new GDP base year, citing its ability to capture the current economic structure, and availability of benchmark data. ZAMSTATS Statistician General Sheila Mudenda says continuing to measure today’s economy using a 2010 benchmark would no longer give the most accurate representation of Zambia’s current economic activity or reality. Speaking at the GDP rebasing panel discussion, Sunday, Mudenda explained that the Agency chose 2023 as the new GDP base year after its economic normalcy after COVID 19 disruptions. “Therefore, following extensive technical assessments, ZAMSTATS selected 2023 as the new GDP base year. So, the question will be why 2023? The choice indeed is based on several considerations, firstly it represents a…
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