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Publication
Purchasing Power Parities and Real Expenditures of World Economics : A Comprehensive Report of the 2011 International Comparison Program
(Washington, DC, 2015) World BankThe International Comparison Program (ICP) is a large and highly complex worldwide statistical program conducted under the charter of the United Nations Statistical Commission (UNSC). The ICP is designed to provide globally comparable economic aggregates in national accounts that can be used by individual researchers, analysts, and policy makers at the national and international levels and by international organizations such as the European Union, International Monetary Fund, Organization for Economic Co-operation and Development (OECD), United Nations, and World Bank. Over its lifetime, the ICP has become the principal source of data on the purchasing power parities (PPPs) of currencies, measures of real per capita income, and measures of real gross domestic product (GDP) and its main components from the expenditure side, including private consumption, government expenditures, and gross fixed capital formation. Indeed, since its inception in 1970, successive rounds of the ICP have produced valuable data for international economic analyses of economic growth and the catch-up and convergence of incomes among nations; productivity levels and trends; analyses of systematic patterns in national price levels and trends; construction of the Human Development Index by the United Nations; measures of regional and global inequality in incomes and consumption; and estimates of the incidence of absolute poverty using World Bank developed yardsticks such as the US$1 a day and $2 a day poverty lines. -
Publication
The Little Data Book on Private Sector Development 2014
(Washington, DC, 2014-05-30) World BankReliable cross-country data on aspects of private sector development are crucial in planning for economic recovery and growth. In targeting increased exports and investment, many governments prioritize an improved climate for business as a basis to attract capital, create jobs, and provide basic services. The availability of cross-country data on the business environment has rapidly expanded in recent years, including data from the World Bank Group s Doing Business project, Enterprise Surveys, and the Entrepreneurship Snapshots. Included in this guide are indicators on the economic and social context, the investment climate, private sector investment, finance and banking, and infrastructure. Though a pocket guide cannot include all relevant variables, the included indicators provide users with a general understanding of the private sector in each country. Indicators displayed in the tables are defined in the glossary, which also lists data sources. -
Publication
Understanding Changes in Methodology between the 2005 and 2011 International Comparison Programs
(World Bank, Washington, DC, 2014-01-24) McCarty, Paul ; Vogel, FredThis paper provides an overview of the technical decisions that underlie the results of the 2011 international comparison program (ICP) and concludes that there are no further steps or computations that will have any substantive impact on the final results. It also provides a review of methodological changes that can affect the comparison of the 2011 results with the 2005 results. The 2005 ICP produced estimates of purchasing power parities (PPPs), real expenditures, and price level indexes for 146 countries around the world, making it the largest statistical exercise undertaken on a global basis. A number of new techniques were introduced in the 2005 ICP, and the detailed data available from that round enabled an in-depth analysis to be undertaken of not only the results but also the impact of various methods that were employed, particularly those used to link the PPPs for the six regions to provide consistent estimates for all 146 countries. This report details the choices made for ICP 2011 and how they affect comparability with ICP 2005. -
Publication
The Little Data Book on Financial Development 2013
(Washington, DC: World Bank, 2013) World BankThe little data book on financial development 2013 is a pocket edition of the global financial development database published as part of the work on the global financial development report 2013: rethinking the role of the state in finance. The global financial development database is an extensive dataset of financial system characteristics for 203 economies. The database includes measures of (1) size of financial institutions and markets (financial depth), (2) degree to which individuals can and do use financial services (access), (3) efficiency of financial intermediaries and markets in intermediating resources and facilitating financial transactions (efficiency), and (4) stability of financial institutions and markets (stability). There is ample evidence on the role financial sector development plays in economic development, poverty alleviation and economic stability. However there are serious shortcomings associated with measuring the concept of the 'functioning of the financial system.' Recognizing the need for good data to better understand the concept of financial development, the World Bank's financial and private sector Vice Presidency and development economics Vice Presidency have recently launched a global financial development database, an extensive worldwide database that combines and updates several financial data sets. The data highlight the multi-dimensional nature of financial systems. Deep financial systems do not necessarily provide high degrees of financial access; highly efficient financial systems are not necessarily more stable than the less efficient ones, and so on. Each of these characteristics has an association with aspects of the broader socio-economic development, and each is, in turn, strongly associated with financial sector policies and other parts of the enabling environment for finance. The data also demonstrate the effects of the global financial crisis. The crisis not only increased financial instability but also translated into difficulties along other dimensions, such as increasing problems of access to financial services. -
Publication
Global Development Finance 2010 : External Debt of Developing Countries
( 2010) World BankThe World Bank's Debtor Reporting System (DRS), from which the aggregates and country tables presented in this report are drawn, was established in 1951. The debt crisis of the 1980s brought increased attention to debt statistics and to the world debt tables, the predecessor to global development finance. Now the global financial crisis has once again heightened awareness in developing countries of the importance of managing their external obligations. Central to this process is the measurement and monitoring of external debt stocks and flows in a coordinated and comprehensive way. The initial objective of the DRS was to support the World Bank's assessment of the creditworthiness of its borrowers. But it has grown as a tool to inform developing countries and the international community of trends in external financing and as a standard for the concepts and definitions on which countries can base their own debt management systems. Over the years the external financing options available to developing countries have evolved and expanded, and so too has the demand for timely and relevant data to measure the activity of public and private sector borrowers and creditors. Recurrent debt crises caused by adverse global economic conditions or poor economic management have demanded solutions, including debt restructuring and, in the case of the poorest, most highly indebted countries, outright debt forgiveness, formulated on the basis of detailed and robust information on external obligations. Steps are continuously being taken to ensure that the data captured by the DRS mirrors these developments and responds to the needs of debt managers and analysts. In this context reporting requirements are periodically amended to reflect changes in borrowing patterns. Many developing countries increasingly rely on financing raised in domestic markets, and so we are exploring ways to expand the coverage of public sector borrowing in domestic markets. -
Publication
Statistics for Small States : A Supplement to the World Development Indicators 2009
(Washington, DC, 2009) World BankIn 2000 the World Bank made a corporate commitment to organize a small states Forum each year in the context of the International Monetary Fund (IMF) and World Bank annual meetings. The forum is intended to raise the profile of small states issues and provide an opportunity for small state officials to bring their views and ideas to the attention of the international community. Forty-eight World Bank members comprise the small states forum, all but five having populations below 1.5 million. These countries are all included in the World Development Indicators database, but countries with populations of less than one million do not appear in the main tables of the print publication. To better serve this important segment of the Bank's membership and to help highlight the challenges they face, this special supplement to the World Development Indicators (WDI) has been produced, covering critical development factors. The data in this supplement cover 40 members of the small states forum excluding the high-income countries of Bahrain, Brunei Darussalam, Cyprus, Estonia, Iceland, Malta, Qatar, and San Marino. -
Publication
The Little Data Book on Africa 2008-09
(Washington, DC, 2009) World BankThe little data book on Africa 2008-09 is a pocket edition of Africa development indicators 2008-09. It contains some 115 key indicators on economics, human development, governance, and partnership and is intended as a quick reference for users of the Africa development indicators 2008-09 book and African development indicators online. The country tables present the latest available data for World Bank member countries in Africa. -
Publication
Global Development Finance 2009 : Charting a Global Recovery, Volume 2. Summary and Country Tables
( 2009) World BankThis report is comprised of two volumes. Global Development Finance (GDF) 2009 volume one provides analysis of key trends and prospects, including coverage of the role of international banking in developing countries. Volume two provides summary and country tables and contains statistical tables on the external debt of the 128 countries that report public and publicly guaranteed debt under the Debtor Reporting System (DRS). It also includes tables of selected debt and resource flow statistics for individual reporting countries as well as summary tables for regional and income groups. It is the culmination of a year-long process that requires extensive cooperation from people and organizations around the globe-national central banks, ministries of finance, major multilateral organizations, and many departments of the World Bank. -
Publication
Global Development Finance 2009 : Charting a Global Recovery, Volume 1. Review, Analysis, and Outlook
( 2009) World BankThis report is comprised of two volumes. Global Development Finance (GDF) 2009 volume one provides analysis of key trends and prospects, including coverage of the role of international banking in developing countries. Volume two provides summary and country tables and contains statistical tables on the external debt of the 128 countries that report public and publicly guaranteed debt under the Debtor Reporting System (DRS). It also includes tables of selected debt and resource flow statistics for individual reporting countries as well as summary tables for regional and income groups. It is the culmination of a year-long process that requires extensive cooperation from people and organizations around the globe-national central banks, ministries of finance, major multilateral organizations, and many departments of the World Bank. -
Publication
The Little Data Book on External Debt 2008
(Washington, DC, 2008) World BankThe little data book on external debt, a pocket edition of Global Development Finance (GDF) 2008, volume two, summary and country tables, contains statistical tables on the external debt of the 134 countries that report public and publicly guaranteed debt under the debtor reporting system. It also includes tables of selected debt and resource flow statistics for individual reporting countries as well as summary tables for regional and income groups. It is the culmination of a year-long process that requires extensive cooperation from people and organizations around the globe national central banks, ministries of finance, major multilateral organizations, and many departments of the World Bank. The little data book on external debt provides a quick reference for users of the GDF 2008 book, CD-ROM, GDF Online, and the electronic subscription database. The general cutoff date for data is December 2007. The economic aggregates presented in the tables are prepared for the convenience of users. Although debt ratios can provide useful information about developments in debt-servicing capacity, drawing valid conclusions from them requires careful economic evaluation.