Purchasing Power Parities And The International Comparison Program In A Globalized World
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Author | : World Bank Group |
Publisher | : World Bank Publications |
Total Pages | : 279 |
Release | : 2020-07-06 |
Genre | : Business & Economics |
ISBN | : 1464815313 |
The International Comparison Program (ICP) is a worldwide statistical initiative led by the World Bank under the auspices of the United Nations Statistical Commission. It produces comparable price and volume measures of gross domestic product (GDP) and its expenditure aggregates across economies. Through a partnership with international, regional, sub-regional and national agencies, the ICP collects price data and GDP expenditures to estimate purchasing power parities (PPPs) for the world’s economies. The report provides ICP results for the benchmark year 2017 and revised results for earlier years. ICP data are used for socio-economic analyses by researchers, academics, policy makers at the national and international levels, and by organizations such as the European Union, the International Monetary Fund, the Organization for Economic Co-operation and Development, the United Nations, and the World Bank. Notably, PPPs and ICP data are used in indicators monitoring progress towards eight goals of the United Nations’ 2030 Agenda for Sustainable Development, the World Bank’s international poverty lines, and the construction of the Human Development Index by the United Nations, among others. The use of PPPs continues to grow and the ICP website (icp.worldbank.org) lists many applications of the data by the development community, academia, media and others.
Author | : World Bank |
Publisher | : World Bank Publications |
Total Pages | : 327 |
Release | : 2014-11-20 |
Genre | : Business & Economics |
ISBN | : 1464803293 |
The 2011 International Comparison Programme (ICP) is a worldwide statistical initiative that aims to estimate Purchasing Power Parities (PPPs) to be used as currency converters to compare the size and price levels of economies around the world -- crucial information for research in comparative analysis and policy making.
Author | : Bishnu D. Pant |
Publisher | : |
Total Pages | : 24 |
Release | : 2004 |
Genre | : Foreign exchange rates |
ISBN | : |
Author | : World Bank |
Publisher | : World Bank Publications |
Total Pages | : 697 |
Release | : 2013-04-25 |
Genre | : Business & Economics |
ISBN | : 0821397311 |
This volume provides a comprehensive review of the statistical theory and methods underlying the estimation of purchasing power parities (PPPs) and real expenditures, the choices made for the 2005 International Comparison Program (ICP) round, and the lessons learned that led to improvements in the 2011 ICP.
Author | : Asian Development Bank |
Publisher | : Asian Development Bank |
Total Pages | : 159 |
Release | : 2020-05-01 |
Genre | : Business & Economics |
ISBN | : 9292622005 |
This publication provides estimates of purchasing power parities (PPPs) and real expenditures for 22 economies in Asia and the Pacific. These are summary regional results from the 2017 cycle of the International Comparison Program (ICP), a global statistical initiative carried out under the auspices of the United Nations Statistical Commission. The report provides estimates of PPPs, real expenditures for total and per capita gross domestic product (GDP) and its component expenditures derived using PPPs, and price level indexes showing relative costs of living. The PPPs enable comparison in real terms across economies by removing the price level differences among them.
Author | : Asian Development Bank |
Publisher | : Asian Development Bank |
Total Pages | : 592 |
Release | : 2020-10-01 |
Genre | : Business & Economics |
ISBN | : 9292623966 |
This publication provides a comprehensive account of the 2017 International Comparison Program (ICP) cycle for 22 economies in Asia and the Pacific. It provides in-depth analyses of estimates of purchasing power parities (PPPs), total and per capita real (PPP-converted) gross domestic product and its component expenditures, and price level indexes showing relative costs of living. The PPPs enable comparison in real terms across economies by removing the price level differences among them. This report also presents in detail the conceptual framework and methodological approaches used in implementing the ICP.
Author | : OECD |
Publisher | : OECD Publishing |
Total Pages | : 448 |
Release | : 2012-11-30 |
Genre | : |
ISBN | : 9264189238 |
This manual gives a complete, detailed and up-to-date description of the Eurostat-OECD PPP Programme, including its organisation, the various surveys carried out by participating countries and the ways PPPs are calculated and disseminated. It also provides guidance on the use of PPPs.
Author | : Weltbank |
Publisher | : |
Total Pages | : |
Release | : 2008 |
Genre | : |
ISBN | : |
The International Comparison Program (ICP) is a worldwide statistical initiative to collect comparative price data and estimate purchasing power parities (PPPs) of the world's economies. Using PPPs instead of market exchange rates to convert currencies makes it possible to compare the output of economies and the welfare of their inhabitants in real terms (that is, controlling for differences in price levels). This report brings together the results of two separate PPP programs. The first is the global ICP program conducted by the ICP global office within the World Bank, which provided overall coordination for the collection of data and calculation of PPPs in more than 100 (mostly developing) economies. The program was organized into five geographic areas: Africa, Asia-Pacific, Commonwealth of Independent States, South America, and Western Asia. Regional agencies took the lead in coordinating the work in the five regions. In parallel, the Statistical Office of the European Communities (Eurostat) and the Organization for Economic Co-operation and Development (OECD) conducted their 2005 PPP program, which comprised 46 economies. Eurostat covered 37 economies: the 25 European Union (EU) member states; the European Free Trade Association (EFTA) economies (Iceland, Norway, and Switzerland); and Albania, Bosnia-Herzegovina, Bulgaria, Croatia, Macedonia, Montenegro, Romania, Serbia, and Turkey. The OECD part of the program included 9 other economies: Australia, Canada, Israel, Japan, the Republic of Korea, Mexico, New Zealand, the Russian Federation, and the United States. The main reasons for conducting the ICP on a regional basis are that the products to be priced are more homogeneous within regions, the expenditure patterns are likely to be more similar, and language differences are reduced. Moreover, dividing the ICP organization among a number of regional offices in relatively close proximity to the economies they are coordinating provides operational benefits.
Author | : United Nations. Statistical Office |
Publisher | : New York : United Nations |
Total Pages | : 142 |
Release | : 1992 |
Genre | : Technology & Engineering |
ISBN | : |
Describes the International Comparison Programme which intends to produce estimates, comparable in real terms, for the gross domestic product. Provides guidance for those working in national statistical offices on the Programme.
Author | : The World Bank |
Publisher | : World Bank Publications |
Total Pages | : 0 |
Release | : 2024-06 |
Genre | : Business & Economics |
ISBN | : 9781464820731 |
The International Comparison Program (ICP) is a worldwide statistical initiative led by the World Bank under the auspices of the United Nations Statistical Commission. It produces comparable price and volume measures of gross domestic product (GDP) and its expenditure aggregates across economies.