Purchasing Power Parities for Policy Making : A Visual Guide to Using Data from the International Comparison Program
The International Comparison Program (ICP) is a worldwide statistical initiative led by the World Bank under the auspices of the United Nations Statistical Commission. It produces comparable price and volume measures of gross domestic product (GDP) and its expenditure aggregates across economies. Through a partnership with international, regional, sub-regional and national agencies, the ICP collects price data and GDP expenditures to estimate purchasing power parities (PPPs) for the world’s economies. This guide provides an overview of how data and indicators based on these ICP outputs are used in a host of analyses, including monitoring progress towards the Sustainable Development Goals, to inform policy making across the socioeconomic spectrum at the national, regional, and international levels. Seventy charts and maps illustrating these uses are organised under eleven policy-focused chapters: the size of the economy and price levels; poverty and inequality; trade and competitiveness; labor costs, wages, and social safety nets; food and nutrition; health; education; energy and climate; infrastructure; human development; and administrative uses. The indicators are produced by the World Bank and other organizations including Eurostat, the Food and Agriculture Organization, the International Energy Agency, the International Labour Organization, the International Monetary Fund, the International Telecommunication Union, the Organisation for Economic Co-operation and Development, the United Nations Development Program, the United Nations Educational, Scientific and Cultural Organization, the World Economic Forum, and the World Health Organization. The guide also highlights notable uses of underlying ICP data on food prices and on public sector wages, as well as the wealth of data from the ICP database itself, such as price levels, real expenditures, and expenditure shares for aggregates below GDP for each economy. In addition, the guide includes a comprehensive chapter on the uses and limitations of PPPs and analyses for which they are appropriate, as well as a technical note outlining the concepts and definitions of terms used. A web-based version (https://www.worldbank.org/en/programs/icp/brief/PPPs-for-Policy ) is also available, and more information can be found on icp.worldbank.org.
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| Format: | Report biblioteca |
| Language: | English |
| Published: |
World Bank, Washington, DC
2021-06-10
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| Subjects: | PURCHASING POWER PARITY, POVERTY MEASUREMENT, POVERTY LINE, INEQUALITY, SHARED PROSPERITY, TRADE, COMPETITIVENESS, PRODUCTIVITY, LABOR COSTS, WAGES, FOOD SECURITY, FOOD CONSUMPTION, HEALTH EXPENDITURE, EDUCATION EXPENDITURE, ENERGY EFFICIENCY, INFORMATION AND COMMUNICATION TECHNOLOGY, INFRASTRUCTURE, HUMAN DEVELOPMENT INDEX, GENDER DEVELOPMENT INDEX, BETTER LIFE INDEX, INTERNATIONAL COMPARISON PROGRAM, |
| Online Access: | http://documents.worldbank.org/curated/en/779381623349931051/Purchasing-Power-Parities-for-Policy-Making-A-Visual-Guide-to-Using-Data-from-the-International-Comparison-Program http://hdl.handle.net/10986/35736 |
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| Summary: | The International Comparison Program
(ICP) is a worldwide statistical initiative led by the World
Bank under the auspices of the United Nations Statistical
Commission. It produces comparable price and volume measures
of gross domestic product (GDP) and its expenditure
aggregates across economies. Through a partnership with
international, regional, sub-regional and national agencies,
the ICP collects price data and GDP expenditures to estimate
purchasing power parities (PPPs) for the world’s economies.
This guide provides an overview of how data and indicators
based on these ICP outputs are used in a host of analyses,
including monitoring progress towards the Sustainable
Development Goals, to inform policy making across the
socioeconomic spectrum at the national, regional, and
international levels. Seventy charts and maps illustrating
these uses are organised under eleven policy-focused
chapters: the size of the economy and price levels; poverty
and inequality; trade and competitiveness; labor costs,
wages, and social safety nets; food and nutrition; health;
education; energy and climate; infrastructure; human
development; and administrative uses. The indicators are
produced by the World Bank and other organizations including
Eurostat, the Food and Agriculture Organization, the
International Energy Agency, the International Labour
Organization, the International Monetary Fund, the
International Telecommunication Union, the Organisation for
Economic Co-operation and Development, the United Nations
Development Program, the United Nations Educational,
Scientific and Cultural Organization, the World Economic
Forum, and the World Health Organization. The guide also
highlights notable uses of underlying ICP data on food
prices and on public sector wages, as well as the wealth of
data from the ICP database itself, such as price levels,
real expenditures, and expenditure shares for aggregates
below GDP for each economy. In addition, the guide includes
a comprehensive chapter on the uses and limitations of PPPs
and analyses for which they are appropriate, as well as a
technical note outlining the concepts and definitions of
terms used. A web-based version
(https://www.worldbank.org/en/programs/icp/brief/PPPs-for-Policy
) is also available, and more information can be found on icp.worldbank.org. |
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