How to boost GDP stats by 60%

December 10, 2012   // 0 Comments

In 2010 Ghana announced a 60% increase in GDP estimates and Nigeria may soon follow suit. But how can the economies of these African countries seemingly grow overnight? by Laura Gray BBC New The answer is in the maths. To calculate GDP in countries where data is sparse like Ghana or Nigeria, government agencies select a "base year" - a year when unusually good data on the economy is availabl...

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