Publication: Purchasing Power Parities and Real Expenditures of World Economics : A Comprehensive Report of the 2011 International Comparison Program
Date
2015
ISSN
Published
2015
Author(s)
World Bank
Abstract
The 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.
Citation
“World Bank. 2015. Purchasing Power Parities and Real Expenditures of World Economics : A Comprehensive Report of the 2011 International Comparison Program. © Washington, DC. http://hdl.handle.net/10986/20526 License: CC BY 3.0 IGO.”