Global Purchasing Power Parities and Real Expenditures : 2005 International Comparison Program

The International Comparison Program (ICP) is a worldwide statistical initiative to collect comparative price data and estimate purchasing power parities (PPPs) of the world's economies. Using PPPs instead of market exchange rates to convert c...

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Main Author: World Bank
Format: Publications & Research
Language:English
en_US
Published: Washington, DC 2015
Subjects:
Online Access:http://documents.worldbank.org/curated/en/2008/01/23853274/global-purchasing-power-parities-real-expenditures-2005-international-comparison-program
http://hdl.handle.net/10986/21558
id okr-10986-21558
recordtype oai_dc
spelling okr-10986-215582021-04-23T14:04:02Z Global Purchasing Power Parities and Real Expenditures : 2005 International Comparison Program World Bank BENCHMARK CONSUMER PRICE INDEX CONSUMPTION LEVELS DEVELOPMENT AGENCY DEVELOPMENT ECONOMICS EXCHANGE RATES EXPORTS FREE TRADE GDP GOVERNMENT EXPENDITURES GROSS DOMESTIC PRODUCT GROSS FIXED CAPITAL FORMATION INVENTORIES NATIONAL INCOME PRICE LEVELS PRODUCTIVITY PURCHASING POWER VALUE VALUE ADDED WELFARE The International Comparison Program (ICP) is a worldwide statistical initiative to collect comparative price data and estimate purchasing power parities (PPPs) of the world's economies. Using PPPs instead of market exchange rates to convert currencies makes it possible to compare the output of economies and the welfare of their inhabitants in real terms (that is, controlling for differences in price levels). This report brings together the results of two separate PPP programs. The first is the global ICP program conducted by the ICP global office within the World Bank, which provided overall coordination for the collection of data and calculation of PPPs in more than 100 (mostly developing) economies. The program was organized into five geographic areas: Africa, Asia-Pacific, Commonwealth of Independent States, South America, and Western Asia. Regional agencies took the lead in coordinating the work in the five regions. In parallel, the Statistical Office of the European Communities (Eurostat) and the Organization for Economic Co-operation and Development (OECD) conducted their 2005 PPP program, which comprised 46 economies. Eurostat covered 37 economies: the 25 European Union (EU) member states; the European Free Trade Association (EFTA) economies (Iceland, Norway, and Switzerland); and Albania, Bosnia-Herzegovina, Bulgaria, Croatia, Macedonia, Montenegro, Romania, Serbia, and Turkey. The OECD part of the program included 9 other economies: Australia, Canada, Israel, Japan, the Republic of Korea, Mexico, New Zealand, the Russian Federation, and the United States. The main reasons for conducting the ICP on a regional basis are that the products to be priced are more homogeneous within regions, the expenditure patterns are likely to be more similar, and language differences are reduced. Moreover, dividing the ICP organization among a number of regional offices in relatively close proximity to the economies they are coordinating provides operational benefits. 2015-03-09T19:43:31Z 2015-03-09T19:43:31Z 2008 http://documents.worldbank.org/curated/en/2008/01/23853274/global-purchasing-power-parities-real-expenditures-2005-international-comparison-program http://hdl.handle.net/10986/21558 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Washington, DC Publications & Research Publications & Research :: Working Paper
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic BENCHMARK
CONSUMER PRICE INDEX
CONSUMPTION LEVELS
DEVELOPMENT AGENCY
DEVELOPMENT ECONOMICS
EXCHANGE RATES
EXPORTS
FREE TRADE
GDP
GOVERNMENT EXPENDITURES
GROSS DOMESTIC PRODUCT
GROSS FIXED CAPITAL FORMATION
INVENTORIES
NATIONAL INCOME
PRICE LEVELS
PRODUCTIVITY
PURCHASING POWER
VALUE
VALUE ADDED
WELFARE
spellingShingle BENCHMARK
CONSUMER PRICE INDEX
CONSUMPTION LEVELS
DEVELOPMENT AGENCY
DEVELOPMENT ECONOMICS
EXCHANGE RATES
EXPORTS
FREE TRADE
GDP
GOVERNMENT EXPENDITURES
GROSS DOMESTIC PRODUCT
GROSS FIXED CAPITAL FORMATION
INVENTORIES
NATIONAL INCOME
PRICE LEVELS
PRODUCTIVITY
PURCHASING POWER
VALUE
VALUE ADDED
WELFARE
World Bank
Global Purchasing Power Parities and Real Expenditures : 2005 International Comparison Program
description The International Comparison Program (ICP) is a worldwide statistical initiative to collect comparative price data and estimate purchasing power parities (PPPs) of the world's economies. Using PPPs instead of market exchange rates to convert currencies makes it possible to compare the output of economies and the welfare of their inhabitants in real terms (that is, controlling for differences in price levels). This report brings together the results of two separate PPP programs. The first is the global ICP program conducted by the ICP global office within the World Bank, which provided overall coordination for the collection of data and calculation of PPPs in more than 100 (mostly developing) economies. The program was organized into five geographic areas: Africa, Asia-Pacific, Commonwealth of Independent States, South America, and Western Asia. Regional agencies took the lead in coordinating the work in the five regions. In parallel, the Statistical Office of the European Communities (Eurostat) and the Organization for Economic Co-operation and Development (OECD) conducted their 2005 PPP program, which comprised 46 economies. Eurostat covered 37 economies: the 25 European Union (EU) member states; the European Free Trade Association (EFTA) economies (Iceland, Norway, and Switzerland); and Albania, Bosnia-Herzegovina, Bulgaria, Croatia, Macedonia, Montenegro, Romania, Serbia, and Turkey. The OECD part of the program included 9 other economies: Australia, Canada, Israel, Japan, the Republic of Korea, Mexico, New Zealand, the Russian Federation, and the United States. The main reasons for conducting the ICP on a regional basis are that the products to be priced are more homogeneous within regions, the expenditure patterns are likely to be more similar, and language differences are reduced. Moreover, dividing the ICP organization among a number of regional offices in relatively close proximity to the economies they are coordinating provides operational benefits.
format Publications & Research
author World Bank
author_facet World Bank
author_sort World Bank
title Global Purchasing Power Parities and Real Expenditures : 2005 International Comparison Program
title_short Global Purchasing Power Parities and Real Expenditures : 2005 International Comparison Program
title_full Global Purchasing Power Parities and Real Expenditures : 2005 International Comparison Program
title_fullStr Global Purchasing Power Parities and Real Expenditures : 2005 International Comparison Program
title_full_unstemmed Global Purchasing Power Parities and Real Expenditures : 2005 International Comparison Program
title_sort global purchasing power parities and real expenditures : 2005 international comparison program
publisher Washington, DC
publishDate 2015
url http://documents.worldbank.org/curated/en/2008/01/23853274/global-purchasing-power-parities-real-expenditures-2005-international-comparison-program
http://hdl.handle.net/10986/21558
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