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Purchasing Power Parities and the Size of World Economies: Results from the International Comparison Program 2021

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This web-based report is presented through linked sections below.  Please scroll down to access analyses of the main results from the International Comparison Program’s 2021 cycle for 176 participating economies, the concepts and definitions underlying the Program, the methodology applied during the cycle, the governance framework in place for the cycle, an updated history of the Program, and the full suite of data available.


Introduction              

Main Results and Data Visualizations

Concepts and definitions

Methodology

Governance

History

Data

 

1/ PPPs are statistical estimates and should be treated as approximations of true values, subject to sampling, measurement, and classification errors. They should not be used as indicators of currency under- or overvaluation. ICP Results are based on data supplied by participating economies to the global and regional implementing agencies, and produced in accordance with ICP methodology. Results are not deemed to be national official statistics.

2/ The standard ICP methodology between the two most recent 2017 and 2021 ICP cycles has been maintained. However, in ICP 2021, the Commonwealth of Independent States (CIS) region was linked through the standard global core list approach, unlike in ICP 2017, when the CIS region was linked through the Russian Federation, which participated in both the OECD and CIS comparisons. For ICP 2017, the Russian Federation’s results are based on the OECD comparison, and for ICP 2021, they are based on the CIS comparison. Furthermore, the Asia and Pacific region moved to the standard ICP approach for estimating housing PPPs based on rental and volume data during the ICP 2021 cycle. The standard approach was utilized for the revised ICP 2017 results and ICP 2021 results, both at the regional and global levels, instead of the previously utilized reference volume approach.