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:

2011 International Comparison Program 

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.

2005 International Comparison Program

The 2005 ICP under RETA 6088 – Strengthening and Collection of Purchasing Power Parity Data in Selected Developing Member Countries produced the 2005 PPP for Asia and the Pacific. The practices and modalities implemented in the project are pioneering and remain as the cornerstone for the ensuing ICP developmental work in Asia and the Pacific region.

2009 Purchasing Power Parity Updates

A research initiative under RETA 6482 - Improving Price Collection of Non-Household Expenditure Components and Updating PPP Estimates for Selected DMCs that started in 2008 which aims to provide alternative methods for updating the 2005 benchmark PPP to 2009.

Supply and Use Tables (SUT) for Selected DMCs

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.

Input-Output Tables Input-Output Tables (IO Tables) for Selected DMCs

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.