Working Paper

Operational Guidelines and Procedures for Measuring the Real Size of the World Economy : 2011 International Comparison Program

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collection.link.213
https://openknowledge.worldbank.org/handle/10986/11866
collection.name.213
Other papers
dc.contributor.author
World Bank
dc.date.accessioned
2015-08-19T21:13:45Z
dc.date.available
2015-08-19T21:13:45Z
dc.date.issued
2015-08
dc.description.abstract
The International Comparison Program (ICP) is a worldwide statistical initiative—the largest in geographical scope, in implementation time frame, and in institutional partnership. It estimates purchasing power parities (PPPs) for use as currency converters to compare the size and price levels of economies around the world. Numerous methodological improvements and operational guidelines were introduced in the 2011 round of the ICP for the advancement of the program. The Operational Guidelines and Procedures for Measuring the Real Size of the World Economy is a compilation of ICP operational guidelines and material prepared by the ICP 2011 Global Office team, consultants, and international experts. It describes the approach to and data requirements for the main price survey and special surveys, including the various guidelines produced and survey forms. It also covers the framework and requirements for national accounts activities for the ICP. In addition, this guide describes the procedures followed for data validation, computation of national annual averages, calculation of PPPs, aggregation, and linking. Disclosure of the procedures underlying the ICP 2011 process heightens the transparency of the program and allows interested stakeholders and users of the results to delve into the ICP methods and operational aspects in order to better understand and interpret the results.
en
dc.identifier.uri
http://hdl.handle.net/10986/22520
dc.language.iso
en_US
dc.publisher
Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
purchasing power parity
dc.subject
gross domestic product
dc.subject
GDP
dc.subject
relative prices
dc.subject
national prices
dc.title
Operational Guidelines and Procedures for Measuring the Real Size of the World Economy
en
dc.title.subtitle
2011 International Comparison Program
dc.type
Working Paper
okr.date.disclosure
2015-08-19
okr.doctype
Publications & Research
okr.doctype
Publications & Research :: Working Paper
okr.globalpractice
Macroeconomics and Fiscal Management
okr.googlescholar.linkpresent
yes
okr.identifier.report
99028
okr.language.supported
en
okr.topic
Finance and Financial Sector Development :: Currencies and Exchange Rates
okr.topic
Macroeconomics and Economic Growth :: Economic Growth
okr.topic
Macroeconomics and Economic Growth :: Economic Modeling and Statistics
okr.topic
Macroeconomics and Economic Growth :: Income
okr.topic
Macroeconomics and Economic Growth :: Inflation
okr.unit
Development Data Group

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