International Comparison Program

The International Comparison Program (ICP) is a global effort to compare the economic productivity and living standards of different countries by measuring the prices of goods and services across nations. It helps adjust for cost differences, enabling accurate comparisons of Gross Domestic Product (GDP) and overall economic well-being. By standardizing data internationally, the ICP provides policymakers, economists, and researchers with reliable information to analyze economic performance, guide development strategies, and allocate resources effectively.