From Local Prices to the Global Economy: The International Comparison Program

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 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 #purchasingpower #economicanalysis #statistics