International Comparison Program (ICP)
The International Comparison Program aims to produce robust purchasing power parities (PPP) which are vital for doing cross country analysis of levels of development and are crucial elements in evidenced-based decision making by researchers, economists, national governments and international organizations.
To achieve this goal it is imperative to strengthen and build sustainable capabilities of national statistics offices (NSOs) and integrate the ICP methods and concepts both in the national accounts and price collection systems of each participating economy. Better understanding of these concepts and engagement of NSOs will ensure awareness on the importance and uses of the PPPs even at the national level which is critical in the programs' sustainability.
To this end, the Asian Development Bank continues to support this global endeavor and has the following programs in place:
The project is currently being implemented under RDTA 7507 - 2011 ICP for Asia and the Pacific, which aims to produce the 2011 PPP for the region.
RETA 6483 - Adopting the Supply and Use Framework Towards 1993 System of National Accounts (SNA) Compliance in Selected Developing Member Countries aims to assist the 18 participating economies, in developing and enhancing their SUT following the 1993 SNA recommendations.
Building on the results of the ADB project on SUTs, the ADB developed the input-output tables for the economies participating under RETA 6483 to enhance the analytical usefulness of the data generated from the supply and use tables.