Since 1970 the International Compar

Since 1970 the International Comparison Program (ICP) has conducted eight rounds of PPP estimates for the major components of countries’ gross domestic product (GDP)—the most recent for 2005. High-income countries regularly take part in such programs, but 2005 was the first time since 1993 that comprehensive price surveys were carried out in developing economies. An unprecedented number, 101, took part. These new PPPs provide a better and more complete view of the world economy.
In 2005 the ICP report brought together the results of two separate PPP programs. The first is the global ICP program conducted by the ICP Global Office within the World Bank. The program was organized in five geographic areas: Africa, Asia-Pacific, Commonwealth of Independent States, Latin America and Western Asia. In parallel, the Statistical Office of the European Communities (Eurostat) and the Organisation for Economic Co-operation and Development (OECD) conducted its 2005 PPP program that included 46 countries. Eurostat covered 37 countries—the 25 EU member states, the EFTA countries and other European countries. The OECD part of the program included
nine other countries.
The ICP Global Office has combined the results from each of the five regions with those from the OECD/Eurostat PPP Program into an overall global comparison.
Central and Eastern Europe