South Africa Has Rebased Its Gross Domestic Product (GDP). the | AllAfrica

South Africa Has Rebased Its Gross Domestic Product (GDP). the How and the Why
‍[The Conversation Africa] Statistics South Africa recently rebased South Africa's GDP.
Does it matter?
To start with, let's unpack what rebasing is - and what it is not - and then put this statistical exercise in the context of the changes that economies go through.
First things first.
What is the GDP of an economy? There are three definitions. All are equivalent. GDP can be measured:
as the value of the final goods and services produced by an economy in a particular period (a year, or a quarter); or
as the sum of value added in an
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