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International Comparison Program - Western Asia


Nature and Scope
ICP can be described as an integrated economic-statistical system, which utilizes statistical methods to derive the necessary data for the computation of extremely vital economic indices, e.g. the Purchasing Power Parity (PPP), Price and Volume Indices, etc… and use them in economic analysis.

The initial step of the ICP is to obtain specified data, e.g. price statistics, public and private expenditures (on well defined representative and comparative goods and services) and the estimates of the Gross Domestic Product (GDP) at various levels of detail, in order to calculate the PPPs of the respective currencies of the countries under comparison.

Those PPPs will be used to measure the GDPs and their components of the countries under comparison, in real terms, i.e. at PPP, in order to hold realistic comparison amongst the various economies of the countries. This approach avoids using the traditional exchange rates of the national currencies, which had been found misleading or faulty.
The computation of the PPPs involves various statistical and mathematical treatments, which need an extensive utilization of relevant computer software.

 

More Details
Background
Nature and Scope
Strategic Goals and Objectives
Methodologies
Benefits
Expected Users
Impacts
Governance Structure
Work Modalities
 

 

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