They are Rebasing Zambia’s GDP
…likely to jump from $29billion to $60billion…
..Debt to GDP ratio to shrink significantly to allow for new unrestrained borrowings…
The Zambia Statistics Agency (ZamStats)has confirmed it is actively engaged in an exercise to rebase the country’s Gross Domestic Product (GDP), transitioning the baseline benchmark from 2010 to 2023.
Zambia’s on-going Gross Domestic Product (GDP) rebasing exercise is expected to provide “a more accurate picture of the country’s economic performance”, strengthen policymaking and enhance investor confidence by capturing structural changes that have reshaped the economy over the past 15 years.
Zambia Statistics Agency Statistician General, Sheila Mudenda, said the exercise would update the country’s GDP estimates from the current 2010 base year to 2023, enabling economic data to better reflect developments across key sectors.
Key Details of the Rebasing
●ExerciseThe Goal: The update replaces “an outdated economic snapshot” with fresh data to align national accounting with international best practice.
●New Ground Data: Data from the recent 2025 Economic Establishment Census captured 485,034 business establishments, a massive jump from just 66,743 tracked during the last baseline census in 2010.
●Sector Integration: The process will officially account for structural transformations and rapid growth seen over the last decade across mining, ICT, renewable energy, financial services, logistics, and tourism.
They are Rebasing Zambia’s GDP…likely to jump from $29billion to $60billion…Debt to GDP ratio to shrink significantly to allow for new unrestrained borrowings
