World Development Indicators 2008
AbstractRelease of the final report of the International Comparison Program (ICP) and publication of new estimates of purchasing power parities (PPPs) in World Development Indicators 2008 are an important statistical milestone. The estimates offer a consistent and comprehensive set of data on the cost of living in developed and developing countries, the first since 1997, when the results of the previous ICP data collection were published in World Development Indicators. The 2005 data cover 146 countries and territories, 29 more than the last round in 1993, and many for the first time. Collecting data on thousands of products sold through a multitude of outlets, the 2005 ICP is the largest international statistical program ever undertaken. New methods were used to describe the products being priced, record the data, and analyze the results. Countries in Africa took the opportunity to review their national accounts and adopt new standards and methods. In all regions regional coordinators worked closely with national statistical offices to collect and validate the data. The result is a genuine global effort, with an extensive capacity building component. More work will follow from the ICP. First is the revision of the international ($1 a day) poverty line and estimation of the corresponding poverty rates, certain to change a view of the absolute level of poverty in the world. PPPs have many applications in economic analysis. They are used to determine the relative size of countries and their obligations to international institutions. The publication of new estimates will inspire a new wave of academic studies. And as all of this work goes on, planning for the next round of the ICP will be getting under way.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoThis book is provided by The World Bank in its series World Bank Publications with number 11855 and published in 2008.
Environment - Environmental Economics & Policies Governance - Governance Indicators Macroeconomics and Economic Growth - Economic Theory & Research Macroeconomics and Economic Growth - Economic Conditions and Volatility Health; Nutrition and Population - Health Economics & Finance;
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
This item has more than 25 citations. To prevent cluttering this page, these citations are listed on a separate page. reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Breineder).
If references are entirely missing, you can add them using this form.