The International Comparison Program (ICP) is a worldwide statistical partnership to collect comparative price data and compile detailed expenditure values of countries' gross domestic products (GDP), and to 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).
Sun Oct 04 2015 00:00:00 GMT-0500 (Eastern Daylight Time) — The World Bank Group announces its first updated international poverty line in almost a decade - now forecasting that extreme poverty around the world is likely to fall to under 10 percent of the global population in 2015.
The International Comparison Program (ICP) was implemented as a true global initiative for the second time, with the reference year 2011. It built on well-programmed activities of a wide network of national, regional, and international institutions that engaged in methodological research, survey activities and data processing and analysis in the areas of price statistics and national accounts, and estimated purchasing power parities (PPPs) of the world's principal economies. More ...
2011 Global Results
The Final Report of the ICP 2011 Purchasing Power Parities and the Real Size of World Economies (PDF | eBook I Printed) was published on October 28, 2014. The report includes the full set of detailed results and presents an in-depth analysis of volume and per capita measures with detailed information on methodology. It provides several indicators including purchasing power parities (PPPs), real expenditures, and price level indices for GDP and its main aggregates for 177 participating economies, and partial results for an additional 22 economies.
As of June 20, 2014, the full set of detailed 2011 International Comparison Program results can be accessed by downloading the data in Excel. This data are available for ICP 2011 regions or economic groupings: Africa, Asia and the Pacific, the Caribbean, the Commonwealth of Independent States (CIS), Eurostat-OECD, Latin America, Western Asia, singleton economies, and the Pacific Islands. Also included are estimates for non-benchmark economies. The data covers 26 expenditures categories for goods and services, and several indicators including PPPs, expenditure shares of GDP, total and per capita expenditures in USD both in exchange rate terms and PPP terms, and price level indices.
Additionally, the ICP 2011 results can be accessed through web resources for retrieving and reporting development related data: the ICP Data Portal, the ICP DataFinder App(iOS | Android devices 7"+), and ICP Data Visualization. Using the web resources, users can customize online the ICP 2011 data by preparing reports, charts and maps.
To access the ICP 2011 resources, use the icons below:
Princeton University professor Angus Deaton won the 2015 Nobel in Economic Sciences for his work on poverty, consumption and welfare. Professor Deaton is a long-standing member of the ICP Technical Advisory Group and his work has shaped the PPP methodology and applications. Deaton’s research on PPPs and poverty is in Chapter 21 of the ICP's Measuring the Real Size of the World Economy.
* Please note that Australia, Egypt, Arab Rep., Fiji, New Zealand, Russia Federation, Sudan are included in more than one region.
ICP 2011 Global Results
* This map was produced by Staff of the World Bank. The boundaries, colors, denominations and any other information shown on this map do not imply, on the part of The World Bank Group, any judgment on the legal status of any territory, or any endorsement or acceptance of such boundaries.
National Statistical Offices of 199 participating economies