From the GDDR5 Wikipedia entry (http://en.wikipedia.org/wiki/GDDR5):
The newly developed GDDR5 is the fastest and highest density graphics memory available in the market. It operates at 7 GHz effective clock-speed and processes up to 28 GB/s with a 32-bit I/O.[4] 2 Gbit GDDR5 memory chips will enable graphics cards with 2 GiB or more of onboard memory with 224 GB/s or higher peak bandwidth.
So, no, it seems that's bytes.