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Purchasing Power Parities and the Size of World Economies

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  • World Bank

Abstract

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. The report provides ICP results for the benchmark year 2017 and revised results for earlier years. ICP data are used for socio-economic analyses by researchers, academics, policy makers at the national and international levels, and by organizations such as the European Union, the International Monetary Fund, the Organization for Economic Co-operation and Development, the United Nations, and the World Bank. Notably, PPPs and ICP data are used in indicators monitoring progress towards eight goals of the United Nations’ 2030 Agenda for Sustainable Development, the World Bank’s international poverty lines, and the construction of the Human Development Index by the United Nations, among others. The use of PPPs continues to grow and the ICP website (icp.worldbank.org) lists many applications of the data by the development community, academia, media and others.

Suggested Citation

  • World Bank, 2020. "Purchasing Power Parities and the Size of World Economies," World Bank Publications - Books, The World Bank Group, number 33623, December.
    • Handle: RePEc:wbk:wbpubs:33623
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    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/33623/9781464815300.pdf?sequence=4
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    References listed on IDEAS

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    1. World Bank, 2015. "Operational Guidelines and Procedures for Measuring the Real Size of the World Economy," World Bank Publications - Books, The World Bank Group, number 22520, December.
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    Cited by:

    1. Sebastian Weinand, 2022. "Measuring spatial price differentials at the basic heading level: a comparison of stochastic index number methods," AStA Advances in Statistical Analysis, Springer;German Statistical Society, vol. 106(1), pages 117-143, March.
    2. Angus Deaton & Paul Schreyer, 2022. "GDP, Wellbeing, and Health: Thoughts on the 2017 Round of the International Comparison Program," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 68(1), pages 1-15, March.
    3. Landis, Florian & Fredriksson, Gustav & Rausch, Sebastian, 2021. "Between- and within-country distributional impacts from harmonizing carbon prices in the EU," Energy Economics, Elsevier, vol. 103(C).
    4. Evan Borkum & Paolo Abarcar & Laura Meyer & Matthew Spitzer, "undated". "Jordan Refugee Livelihoods Development Impact Bond Evaluation Framework," Mathematica Policy Research Reports 602dafe521fe4467854dcd45e, Mathematica Policy Research.
    5. Laureti Tiziana & Polidoro Federico, 2022. "Using Scanner Data for Computing Consumer Spatial Price Indexes at Regional Level: An Empirical Application for Grocery Products in Italy," Journal of Official Statistics, Sciendo, vol. 38(1), pages 23-56, March.
    6. Irwan Susanto & Nur Iriawan & Heri Kuswanto, 2022. "On the Bayesian Mixture of Generalized Linear Models with Gamma-Distributed Responses," Econometrics, MDPI, vol. 10(4), pages 1-28, October.
    7. Anjani Kumar & Ashok K. Mishra & Sunil Saroj & Shahidur Rashid, 2022. "Government transfers, COVID‐19 shock, and food insecurity: Evidence from rural households in India," Agribusiness, John Wiley & Sons, Ltd., vol. 38(3), pages 636-659, July.
    8. Branko Milanovic, 2022. "After the Financial Crisis: The Evolution of the Global Income Distribution Between 2008 and 2013," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 68(1), pages 43-73, March.
    9. Chen, Jie & Chen, Yu & Hill, Robert J. & Hu, Pei, 2022. "The user cost of housing and the price-rent ratio in Shanghai," Regional Science and Urban Economics, Elsevier, vol. 92(C).
    10. Malika Malika & Durairaj Maheswaran & Shailendra Pratap Jain, 2022. "Perceived financial constraints and normative influence: discretionary purchase decisions across cultures," Journal of the Academy of Marketing Science, Springer, vol. 50(2), pages 252-271, March.
    11. Tomoyuki Takura & Study Group: Research on Appropriate Medical Treatment Prices for Foreigners Visiting Japan, 2021. "Preliminary Examination of an Appropriate Price Calculation Method and Medical Treatment Costs for Foreign Visitors in Japan," IJERPH, MDPI, vol. 18(11), pages 1-13, May.
    12. Collinao, María Paz & De Camino, Claudia & Dorin, Federico & Tovar Soria, Martha, 2021. "International Comparison Program: 2017 round for Latin America and the Caribbean. Methodology and main results," Documentos de Proyectos 46742, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    13. Jacques, Pierre & Delannoy, Louis & Andrieu, Baptiste & Yilmaz, Devrim & Jeanmart, Hervé & Godin, Antoine, 2023. "Assessing the economic consequences of an energy transition through a biophysical stock-flow consistent model," Ecological Economics, Elsevier, vol. 209(C).
    14. JOHNSON, Deepak & KUROSAKI, Takashi, 2023. "Price Support and Farm Incomes : Comparative Study of Rice Growing Regions in Southern India and Mekong-Delta Vietnam," Discussion Paper Series 741, Institute of Economic Research, Hitotsubashi University.
    15. Ewa Kochanska & Katarzyna Wozniak & Agnieszka Nowaczyk & Patrícia J. Piedade & Marilena Lino de Almeida Lavorato & Alexandre Marcelo Almeida & Ana Rita C. Morais & Rafal M. Lukasik, 2022. "Global Ban on Plastic and What Next? Are Consumers Ready to Replace Plastic with the Second-Generation Bioplastic? Results of the Snowball Sample Consumer Research in China, Western and Eastern Europe," IJERPH, MDPI, vol. 19(21), pages 1-25, October.
    16. Robert J. Johnston & Kevin J. Boyle & Maria L. Loureiro & Ståle Navrud & John Rolfe, 2021. "Guidance to Enhance the Validity and Credibility of Environmental Benefit Transfers," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 79(3), pages 575-624, July.

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