✉news BusinessEconomy first seen 1 d ago, last 6 h ago, peak #2
South Africa's economy 5% bigger after rebasing
Original: South African economy 5% bigger after rebasing, moving further ahead of Nigeria
South Africa has rebased its national accounts, adding about 5% to measured GDP and extending its lead over Nigeria as Africa's largest economy. Rebasing updates the base year and captures sectors previously undercounted, such as digital services. The revision reshapes comparisons of economic size across the continent and is drawing attention to how statistical methodology affects rankings of African economies.
Why now: The statistical update changes Africa's economic rankings, renewing debate over which country has the continent's largest economy.
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