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International Comparison Program - Western Asia


2011 ICP Round in Western Asia

Regional Meeting on Price Statistics,
February 23 - 26, 2014,
Istanbul - Turkey

The Statistics Division (SD) at the UN-ESCWA released the final regional results of the 2011 round of the International Comparison Program (ICP) in Western Asia (WA) Region during the Final Regional ICP Meeting which was conducted during February 23-24 2014 and was followed by a Regional Expert Group meeting on Price Statistics. The two meetings were held back-to-back and took place in Istanbul during the period 23-26 February 2014.

In the presence of Mr. Juraj Riecan, Director of ESCWA Statistics Division, Ms. Wafa Aboul Hosn, Chief of the Economic Statistics Section and Mr. Majed Skaini, the ICP Regional Coordinator for Western Asia Region, the meeting hosted price experts from 14 member countries and five directors of National Statistical Offices (NSO). It also hosted the ICP Regional Coordinator for Asia and the Pacific, Ms. Chellam Palanyandy, and the ICP Global Manager, Mr. Michel Mouyelo-Katoula who participated via Skype.

The first two days of the meeting (23-24/02/2014) were solely dedicated for the release of the final regional results of the 2011 ICP round. The ICP Regional Coordinator for WA region released and presented the PPP and PLI* results at both the GDP and main aggregate levels, and he also shed the light on the major regional findings and outcome. February 25 and 26 were solely dedicated for the regional vision of the way forward and tackled the strategic and technical aspects for investing in the achieved outcome and developing a regional plan for improved price statistics in the region.
The release of the regional ICP results marked a regional success for the ESCWA region, especially that the results were well endorsed by all the participating countries who expressed their satisfaction that the 2011 ICP results objectively express the real purchasing power of each national currency. Participating countries revealed their appreciation for the tremendous efforts and follow up performed by the ICP regional team at UN-ESCWA to produce these high quality WA regional results, which reflected a lot of commitment and transparency in the methodologies followed by the team throughout the different stages of the 2011 round over the past 4 years. ESCWA in turn linked the success of the round to the high level of dedication and commitment of the national ICP teams of the participating countries, and the great work done on different levels to ensure that the submitted data is of high quality and reliability, without which the successful end-result could not have been achieved.

The second part of the meeting (25-26/02/2014) covered discussions concerning future projects put together by the ICP regional team at UN-ESCWA in the regard of harmonizing the ICP and the CPI in WA region. The proposal was highly encouraged and supported by the participating countries.

For more info, kindly check the meeting's report on the following link: http://www.escwa.un.org/icp2011/activities/23feb14main.asp
The meeting also included the launching of the 'International Comparison Program in Western Asia ... A Window To The Future', a booklet prepared by the ICP Regional Team of Western Asia at ESCWA in collaboration with the participating countries and covered views from different perspectives including national, regional and international experts in addition to the regional and global management of the program. The purpose of this initiative is mainly to increase the awareness regarding the importance of the ICP and its generated results, and to motivate high authorities to support its activities on both the national and regional levels.

Kindly find the e-copy of the above mentioned booklet on the following link: http://www.escwa.un.org/icp2011/docs/ad-icpwin.pdf
The regional results and the major findings are posted on the ICP website: http://www.escwa.un.org/icp2011/

* PPPs are price relatives. In their simplest form they show the ratio of prices in national currencies of the same precisely-defined product in different countries. They are expressed as the number of units of national currency per unit of the selected numéraire currency (base country's currency);

PLI is computed as the ratio of PPP to exchange rate and is expressed as a percentage. It provides a measure of the differences in price levels between countries. A PLI that is greater (less) than 100 indicates that when the national average prices are converted at exchange rates, the resulting prices within the basic headings/aggregates tend to be higher (lower) on average than prices in the base country of the group.
 

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Related Information
About
Agenda
List of Participants
Presentations
Final Report
 
 

 

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