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The International Comparison Program (ICP)

The ICP is the world's largest global statistical initiative for estimating purchasing power parities (PPPs) to compare economic outputs, standards of living, and relative price levels across economies.

EVENTS

Second Meeting of the Heads of Implementing Agencies from Participating Economies on the Presentation of the 2017 ICP Regional Results

10–11 February 2020, ADB headquarters, Manila, Philippines, attended by 52 participants

The high-level meeting presented the Regional Advisory Board-endorsed 2017 ICP regional results to the heads of the implementing agencies from the participating economies and the 2017 ICP economy-level coordinators.

List of Participants

Third Meeting of the 2017 ICP Asia Pacific Regional Advisory Board

10 February 2020, ADB headquarters, Manila, Philippines, attended by 30 participants

The meeting sought the Regional Advisory Board’s approval and endorsement of the 2017 ICP regional results, which incorporated the recommendations of the expert group convened in June and August 2019

List of Participants

Second Regional Technical Workshop to Review Preliminary 2017 Purchasing Power Parities and Preparatory Activities for the 2020 ICP for Asia and the Pacific

3–6 December 2019, Bangkok, Thailand, attended by 51 participants

The workshop provided a venue to discuss the preliminary results of the 2017 ICP based on the recommendations of the expert group and the Regional Advisory Board. Preparatory activities for the 2020 ICP cycle, specifically to discuss the updated product lists, proposed sampling designs by economies, regional workplan, and institutional arrangements were also taken up.

List of Participants

First Regional Technical Workshop to Review Preliminary 2017 Purchasing Power Parities

28–30 August 2019, Bangkok, Thailand, attended by 32 participants

Price statisticians discussed the findings and recommendations of the 2017 ICP Asia Pacific Regional Advisory Board and the expert group for estimating 2017 PPPs and real expenditures on GDP and major aggregates, along with preliminary 2017 results, and resolved remaining data issues.

List of Participants

Second Meeting of the 2017 ICP Asia Pacific Regional Advisory Board

26–27 August 2019, Bangkok, Thailand, attended by 25 participants

The meeting reviewed the progress of the 2017 ICP and timelines, methods for estimating 2017 PPPs and real expenditures on GDP and major aggregates, preliminary 2017 results, and plans including the 2020 ICP cycle, in view of the ICP being adopted as a regular work program.

List of Participants

Second Experts Group Meeting for the 2017 ICP for Asia and the Pacific

21–23 August 2019, Bangkok, Thailand, attended by 8 participants

The 3-day Experts Group meeting made the final recommendations on the methodologies to be used to compute the 2017 PPPs for the region. The meeting also reviewed preliminary PPPs, price level indexes (PLIs), and per capita real expenditure shares estimated from available data under various scenarios and compared results with 2011 ICP results to understand changes from 2011 to 2017.

List of Participants

Videoconference Technical Evaluation and Review of the 2017 ICP Prices Submitted by the Badan Pusat Statistik-Statistics Indonesia

2 and 5 August 2019, ADB headquarters, Manila, Philippines, attended by 18 participants

The ADB ICP team ensured the quality of Indonesia’s price data for PPP estimation through a videoconference by jointly checking items that were not SPD-compliant, the highest prices in the region, and prices with large inflation differences between the CPI and ICP items. The team also examined prices of non-household items and significant changes in the GDP structure for remaining concerns.

List of Participants

Technical Evaluation and Review Meeting on the 2017 ICP Prices Submitted by the Trade Policy and Strategy Office

22–24 July 2019, Nonthaburi, Thailand, attended by 28 participants

Through bilateral discussions with the Trade Policy and Strategy Office, the ADB ICP team was able to jointly address issues specific to Thailand on finalizing price data and completing data requirements for government compensation. The meetings also reviewed the required GDP expenditure weights.

List of Participants

Technical Evaluation and Review Meeting on the 2017 ICP Prices Submitted by the Lao Statistics Bureau

17–19 July 2019, Vientiane, Lao People’s Democratic Republic, attended by 17 participants

The in-country sessions with the Lao Statistics Bureau undertook a detailed technical review of the 2017 ICP prices to address remaining concerns and/or issues not resolved through bilateral communications and regional data validation workshops. Other topics covered the extrapolation of household price data to derive calendar year 2017 estimates, GDP expenditure weights estimation, and matters related to ICP implementation in the Lao People’s Democratic Republic.

List of Participants

First Experts Group Meeting for the 2017 ICP for Asia and the Pacific

10–14 June 2019, ADB headquarters, Manila, Philippines, attended by 10 participants

The 5-day Experts Group meeting focused on resolving issues on the estimation of household consumption expenditures, machinery and equipment and construction prices, estimates of price levels and per capita real consumption for these major components of gross fixed capital formation (GFCF), and housing and consumption of dwelling services. The experts’ group made recommendations to be implemented to ensure robust 2017 PPPs.

List of Participants

Seventh Regional Technical Evaluation and Review Workshop

1–5 April 2019, Bangkok, Thailand, attended by 68 participants

The workshop attended by national accountants and price statisticians conducted a technical review and validation of price data of pharmaceutical items; 2011–2017 housing volume indicators and 2017 housing rental survey data; 2017 government compensation; and 2011–2017 GDP expenditure weights for PPP computation.

List of Participants

Sixth Regional Technical Evaluation and Review Workshop

4–14 December 2018, Jakarta, Indonesia, attended by 74 participants

National accountants and national experts for machinery and equipment and construction, together with the price statisticians, undertook the technical review and validation of all data inputs for the 2017 PPP computation, including: (i) prices of household products for April 2017–March 2018; (ii) prices of machinery and equipment and construction items; (iii) housing rental survey data and housing volume indicators; (iv) 2017 government compensation data; and (v) 2011–2017 GDP weights for 155 basic headings. International experts for machinery and equipment, construction, and national accounts provided valuable technical advice.

List of Participants

Fifth Regional Technical Evaluation and Review Workshop

10–13 October 2018, Chiang Mai, Thailand, attended by 51 participants

National accounts experts joined the price statisticians in discussing the national accounts framework and the requirements for splitting GDP expenditures into the 155 basic headings needed for the 2017 PPP computation. Topics also covered the validation of housing rental data and conceptual aspects for data collection of government compensation.

List of Participants

Fourth Regional Technical Evaluation and Review Workshop

23–28 July 2018, Bangkok, Thailand, attended by 49 participants

ADB convened the technical discussion to validate data for prices for household items from April 2017 to March 2018—including pharmaceutical items (concepts, definitions, pricing guidelines, and product splitting guidelines and tool—and review the status of the 2017 housing volume feedback forms. National experts for machinery and equipment and construction joined the price statisticians in reviewing and validating the 2017 prices for machinery and equipment and construction items.

List of Participants

Third Regional Technical Evaluation and Review Workshop

3–9 May 2018, Bangkok, Thailand, attended by 36 participants

Price statisticians and the ADB ICP team reviewed household prices collected from April 2017 to the latest data submission and discussed the data requirements and methodology for housing services using the volume approach. Because of the delayed start of the 2017 household price surveys, ADB introduced the methodology for extrapolating prices of household products to full year 2017 national average prices. Participants were also given the opportunity to access the ICP Global Office’s PPP eLearning course.

List of Participants

Second Regional Technical Evaluation and Review Workshop

29–31 January and 1 February 2018, Bangkok, Thailand, attended by 34 participants

Price statisticians from the 22 economies and the ADB ICP team reviewed 6-month household price collection from April to September 2017, including electronics and software items, and resolved data issues after the inter-economy data validation. They discussed in detail the housing services surveys, including a presentation on the ADB-developed web-based version for the household module of the 2017 ICP APSS. The price statisticians also provided their feedback on the 2017 Data Access and Archiving Policy. ADB clearly communicated parameters for intra- and inter-economy data validation to the economies.

List of Participants

Videoconference Training on the 2017 ICP Asia Pacific Software Suite for the Pakistan Bureau of Statistics

7–8 November 2017, ADB headquarters, Manila, Philippines, attended by 9 participants

ADB conducted another training and test application for the ICP APSS for household consumption price surveys for the 2017 ICP with the Pakistan Bureau of Statistics to further improve the system, based on feedback from the training with the Central Statistical Organization of Myanmar.

List of Participants

First Regional Technical Evaluation and Review Workshop

4–7 October 2017, Bangkok, Thailand, attended by 48 participants

The workshop reviewed the status of household prices collected from April to July 2017, identified data quality issues on prices collected, and discussed issues on the specifications of household items priced. ADB familiarized participants with the 2017 ICP housing survey using (i) the rental survey form and quantity approach developed by the ICP Global Office and (ii) survey forms, item lists and specifications, and price collection methods for the specialized surveys of construction and machinery and equipment.

List of Participants

Videoconference Training on the 2017 ICP Asia Pacific Software Suite for the Central Statistical Organization, Myanmar

2 August 2017, ADB headquarters, Manila, Philippines, attended by 11 participants

ADB developed the International Comparison Program Asia Pacific Software Suite (ICP APSS) for household consumption price surveys for the 2017 ICP. To further improve the system and in preparation for using the software for processing of 2017 household prices, ADB held a training and test application with the Central Statistical Organization of Myanmar before the software’s deployment to the implementing agencies from participating economies.

List of Participants

In-Country Training for the ICP for the Central Statistical Organization, Myanmar

3–7 April 2017, Nay Pyi Taw, Myanmar, attended by 33 participants

ADB trained the Central Statistical Organization price statisticians in ICP concepts and methodologies, which included field training in correctly identifying ICP items based on the structured product descriptions (SPDs).

List of Participants

Training and Workshop on the 2017 International Comparison Program for Asia and the Pacific

25 and 27–28 February 2017, Bangkok, Thailand, attended by 50 participants

Following the decisions taken in the inception meetings with the Regional Advisory Board and heads of the implementing agencies from the participating economies on 11 January 2017, the workshop deliberated on technical and operational preparations for the 2017 ICP, reviewed the 2017 household list, and undertook a technical review of the household sampling designs submitted by the implementing agencies with technical advice from a sampling expert.

List of Participants

Inception Meeting of the Heads of Implementing Agencies from Participating Economies

11 January 2017, Ha Noi, Viet Nam, attended by 28 participants

The meeting introduced the heads of the implementing agencies to the objectives, work program, data, and related statistical requirements of the 2017 ICP for Asia and the Pacific. The meeting also discussed the proposed schedule of price collection and Framework of Partnership that defines the roles and responsibilities of ADB and the implementing agencies from the participating economies.

List of Participants

Organizational Meeting of the ICP Asia Pacific Regional Advisory Board

11 January 2017, Ha Noi, Viet Nam, attended by 17 participants

The meeting set the overall direction of the 2017 ICP for Asia and the Pacific as well as the governance framework and research agenda. The meeting was also vital in obtaining the support and commitment from stakeholders, including the ICP Global Office, international organizations, and implementing agencies from the participating economies.

List of Participants

Approval of ADB Regional Research and Development Technical Assistance

24 November 2016, ADB headquarters, Manila, Philippines

The ADB regional research and development technical assistance was approved by ADB’s President on 24 November 2016 with the aim of computing the 2017 purchasing power parity (PPP)-based gross domestic product (GDP) measures for Asia and the Pacific to allow cross-economy comparisons of economic outputs, free of price and exchange rate distortions.

The 47th Session of the United Nations Statistical Commission

8–11 March 2016, United Nations headquarters, New York

The United Nations Statistical Commission (UNSC) endorsed the International Comparison Program (ICP) global comparison as a permanent element of the global statistical work program and endorsed the conduct of the ICP at more frequent intervals, with 2017 as the next benchmark year. Further, the UNSC identified the Asian Development Bank (ADB) the regional coordinator for the 2017 ICP for Asia and the Pacific, among other regional coordinators