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The International Comparison Programme: 2005 results and supporting the programme
Explores improvements made in the latest round of the ICP initiative and
UK Government support for it in Africa
Author: Ben Whitestone
Economic & Labour Market Review, vol 2, no 2, pp 32-36. ISSN: 1751-8334
The results of the International Comparison Programme (ICP) were released by the World Bank in December 2007. The ICP is a global initiative to collect comparative price data and estimate relative price levels between countries. These figures allow international comparisons of real economic wealth to be made, and hence provide an essential tool for governments designing aid, trade and development policies. This article explores the improvements made in the latest round of this initiative, and how the UK Government, through funding the Office for National Statistics via the Department for International Development supported the ICP in Africa – building a legacy of improvements both to the ICP as a whole and to price statistics and national accounts in many African nations.
Published in web format: 11 February 2008 at 9:30 am
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