Since the introduction of the dollar-a-day poverty line in the 1990 World Development Report, the World Bank has used purchasing power parities (PPPs) exchange rates that account for relative price differences across countries to derive the international poverty line
In May 2020, the International Comparison Program (ICP) published new purchasing power parities (PPPs) for the 2017 reference year. PPPs are the principal data used in the measurement of global poverty to convert household income or..
The World Bank will start using new poverty lines in fall 2022. The decision follows the release in 2020 of new purchasing power parities (PPPs) by the International Comparison Program (ICP).
FILIPINO workers received one of the lowest gross monthly minimum wages in terms of purchasing power parity (PPP), according to a report released by the World Bank. Based on the World Bank report, Filipino workers received a gross monthly minimum wage of only $27 in PPP terms, significantly lower than…
At the recent 53rd session of the United Nations Statistical Commission (UNSC), the Chief Statisticians of national statistical offices (NSOs) highlighted the importance of purchasing power parities (PPPs) and other International Comparison Program (ICP) results.