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From Local Prices to the Global Economy: The International Comparison Program
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The International Comparison Program (ICP) is one of the largest statistical initiatives undertaken at regular intervals across the world, with nearly 200 economies taking part in the ICP’s most recent cycle in 2017. This video provides an overview of the program, its main outputs, and the use of its data across a wide spectrum of socioeconomic analyses including many of the Sustainable Development Goals. It was first presented at the United Nations World Data Forum 2021. The video’s companion publication, “Purchasing Power Parities for Policy Making: a Visual Guide to Using Data from the International Comparison Program” expands on the video’s content and provides further information about the ICP. Learn more: https://www.worldbank.org/en/programs/icp, and https://www.worldbank.org/en/programs/icp/brief/PPPs-for-Policy
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How do we compare economies beyond exchange rates? Purchasing power parities (PPPs) provide a clearer picture of global development, poverty, and inequality. The International Comparison Program, or ICP, is one of the world’s largest statistical collaborations—bringing together a multitude of agencies and experts to measure and compare economic activity across nearly 200 economies. Learn how the ICP is shaping the future of global economic measurement—ensuring that better data leads to better policies, smarter investments, and more informed decisions worldwide. Learn more: http://wrld.bg/yJ6u50V3U7m #purchasingpower #economicanalysis #statistics 00:00 Introducing the International Comparison Program 01:07 A global benchmark 01:42 Shaping public policies 02:12 Capacity building Watch more videos https://www.youtube.com/playlist?list=PLopq6yGfmFAs4SXiquuXxx8MIVrgGEfWG ABOUT THE WORLD BANK 🌐 The World Bank is one of the world’s largest sources of funding and knowledge for low-income countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development on a livable planet. http://www.worldbank.org
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184
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2025-02-20T22:36:39Z
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How do we compare economies beyond exchange rates? Purchasing power parities (PPPs) provide a clearer picture of global development, poverty, and inequality. The International Comparison Program, or ICP, is one of the world’s largest statistical collaborations—bringing together a multitude of agencies and experts to measure and compare economic activity across nearly 200 economies. Learn how the ICP is shaping the future of global economic measurement—ensuring that better data leads to better policies, smarter investments, and more informed decisions worldwide. Learn more: https://www.worldbank.org/en/programs/icp.
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