The International Comparison Program (shortened ICP) is a partnership of various statistical administrations of up to 199 countries guided by the
World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Inte ...
. The main partners of this program are the
World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Inte ...
,
IMF,
UN,
ADB,
OECD
The Organisation for Economic Co-operation and Development (OECD; french: Organisation de coopération et de développement économiques, ''OCDE'') is an intergovernmental organisation with 38 member countries, founded in 1961 to stimulate e ...
,
CISSTAT,
Eurostat,
AfDB ESCWA,
ECLAC
The United Nations Economic Commission for Latin America and the Caribbean, known as ECLAC, UNECLAC or in Spanish and Portuguese CEPAL, is a United Nations regional commission to encourage economic cooperation. ECLAC includes 46 member States (2 ...
,
DFID
, type = Department
, logo = DfID.svg
, logo_width = 180px
, logo_caption =
, picture = File:Admiralty Screen (411824276).jpg
, picture_width = 180px
, picture_caption = Department for International Development (London office) (far right ...
,
ABS,
IDB,
NMoFA who are also all part of the executive board.
The Program produces internationally comparable price and volume measures for gross domestic product (
GDP
Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjective nature this measure is ofte ...
). Its component expenditures are based on purchasing power parities (
PPPs). The International Comparison Program holds surveys collecting price and expenditure data for the entire range of final goods and services at intervals of some few years (the last two were separated by six years). The surveys cover GDPs of countries including their consumer goods, services, government services and capital goods. The ICP tries to make different countries GDPs comparable by calculating them in PPP both currency converters and spatial price deflators.
The responsibility for the ICP within regions is shared between the national and regional agencies which 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.
The ICP has published its PPP results eight times so far – the first time for 1970 (a preliminary study for 1967 was also carried out) and the latest for 2011.
See also
*
Big Mac Index
*
International dollar
The international dollar (int'l dollar or intl dollar, symbols Int'l$., Intl$., Int$), also known as Geary–Khamis dollar (symbols G-K$ or GK$), is a hypothetical unit of currency that has the same purchasing power parity that the U.S. dollar ...
*
List of countries by GDP (PPP)
*
List of countries by GDP (PPP) per capita
*
Measures of national income and output
A variety of measures of national income and output are used in economics to estimate total economic activity in a country or region, including gross domestic product (GDP), gross national product (GNP), net national income (NNI), and adjusted nat ...
*
Purchasing power parity
*
Relative purchasing power parity
*
World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Inte ...
References
{{reflist
External links
*http://icp.worldbank.org/#
*http://web.worldbank.org/WBSITE/EXTERNAL/DATASTATISTICS/ICPEXT/0,,contentMDK:22377119~menuPK:62002075~pagePK:60002244~piPK:62002388~theSitePK:270065,00.html
*http://www.imf.org/external/pubs/ft/weo/faq.htm#q4c
*http://web.worldbank.org/WBSITE/EXTERNAL/DATASTATISTICS/ICPEXT/0,,contentMDK:22377133~pagePK:60002244~piPK:62002388~theSitePK:270065,00.html
Gross domestic product
World Bank