5 th Regional Coordinator’s Meeting October 5-6, 2011 Washington DC Global Office.

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Presentation transcript:

5 th Regional Coordinator’s Meeting October 5-6, 2011 Washington DC Global Office

Index ICP Classification Regional Classification and Mapping Country and Currency Unit of Measurement Occupation Education

ICP Classification ICP Classification of Final Expenditure on GDP follows Classifications of Expenditure According to Purpose prepared by the United Nations and also Classification of Products by Activity by Eurostat. Individual consumption expenditure by NPISHs contains only one basic heading while actual COPNI classifies expenditures of NPISHs according to the purpose they serve. Individual consumption expenditure by Government and Collective consumption expenditure by Government covers various areas of economy defined by COFOG. ICP basic headings follow System of National Accounts definitions rather than classifying basic headings according to the sectors.

Regional Classification and Mapping In the 2005 round of the ICP, Africa followed their own classification comprised of 220 basic headings while the global one only has 155 basic headings and the rest of the regions followed this 155-level breakdown. As the OECD-Eurostat's PPP program is independent, they also follow their own classification which differ from that of the ICP in some categories. The mapping table will present how each region's classification, if they have any separate one, corresponds to the ICP Classification.

Country and Currency The mapping table provides both 2-digit and 3-digit country codes prepared by the International Organization for Standardization (ISO) as well as that of the World Bank which the ICP currently adopts. The ICP codes are widely adopted by the participating countries and regions for data submission and reporting purposes.

Unit of Measurement The Global Office developed the Global Core List with 661 products and along with this the Regional Coordinators created regional lists reflecting regional socio- economic situations. The products in the lists are defined by the Structured Product Descriptions (SPD) one of which is Unit of Measurement. The table shows complete list of unit of measurement and some abbreviations if there exist commonly- adopted ones.

Occupation In the 2005 round, the ICP collected information on 46 occupations which followed International Standard Classification of Occupations (ISCO)-88 developed by the ILO. The ISCO code had undergone significant revision and the updated version was approved in 2008 (ISCO-08). Thus the 2011 round of the ICP follows the revised version of the ISCO code and covers 44 occupations as listed in the table.

Private Education The Global Core List includes 7 products under the basic heading Education. With the exception of Other Education Programs, the ICP classification of education follows International Standard Classification of Education (ISCED) 1997 developed by UNESCO. ISCED is currently undergoing revision and recommendations will be submitted to UNESCO's General Conference for approval in October 2011.

THANK YOU