Yes but it can be written differently. RAM is usually marketed at its effective speed not its actual speed. Regular desktop RAM is DDR or double data rate. It sends one piece of information on both the rising and falling edges of the clock cycle. This is also known as double pumped. So as an easy example DDR4 3200 actually runs at 1600Mhz but because it moves 2 pieces of information it's marketed at 3200mtp/s or mega transfers per second.
https://en.wikipedia.org/wiki/DDR_SDRAM
GDDR5 is
quad pumped. It moves 2 pieces of info on each edge of the clock cycle for a total of 4. Now here's where it gets confusing because different companies list the speed differently but they are all correct. So you might have a card with GDDR5...