The overall strategy of the ICP is to enhance global,
regional and ultimately country development. Realistic
comparison amongst the various economies of the world at
the country and regional level can be achieved by
providing better tools of measurements.|
Such comparisons can provide solid and objective basis for
laying down country and regional policies on trade,
investment, employment, and financial and monetary
options, so as to optimise absolute and comparative
advantages of the diverse interacting economies of the
ICP objectives are many-sided:
Measure the GDPs, incomes and expenditures of the
countries, under comparison, at PPP real terms.
Calculate indices of volumes, prices, value of output,
real income, real expenditure, productivities and
Derive indicators that will serve the Millennium
Development Goals, i.e. to reduce poverty.
Derive other indices for well being or standard of
living, human development, and other social indicators.
The overall objective of the 2004 Round is to re-establish
the confidence in the Purchasing Power Parity (PPP) data,
the main output of ICP, by addressing the current
shortcomings and producing high quality and comparable