International Comparison Program

The International Comparison Program, (shortened ICP) is a partnership of various statistical administration of up to 199 countries guided by the World Bank. The main partners of this program are the World Bank, IMF, UN, ADB, OECD, CISSTAT, Eurostat, AfDB ESCWA, ECLAC, DFID, ABS, IDB, NMoFA who are also all part of executive board.[1]

The Program produces internationally comparable price and volume measures for gross domestic product (GDP), its component expenditures are based on purchasing power parities (PPP's). The International Comparison Program holds surveys collecting price and expenditure data for the entire range of final goods and services every six years. The surveys comprise GDP's of countries including their consumer goods services, government services and capital goods. The ICP ties to make different countries GDP's comparable by calculating them in PPP both currency converters and spatial price deflators.[2]

The responsibility for the ICP Program within regions is shared between the national and regional agencies who represent various countries. National statistical offices carry out data collection but regional agencies provide guidance, collection, coordinating of data and data validation. Regional agencies also put together and finalize the regional comparisons.[2]

The ICP has published their PPP results twice so far – the first time for 2005 and the second for 2011.[3][4]

See also

References

  1. ↑ "ICP 2011: International Comparison Program". worldbank.org. Retrieved 22 March 2015.
  2. ↑ 2.0 2.1 "International Comparison Program - Overview". worldbank.org. Retrieved 22 March 2015.
  3. ↑ China economy set to overtake US. YouTube. 30 April 2014. Retrieved 22 March 2015.
  4. ↑ "World Economic Outlook - Frequently Asked Questions". imf.org. Retrieved 22 March 2015.

External links