World Bank published the results of the Global International Comparison Program based on purchasing power parities of currencies based on data for 2021

Global International Comparison Program based of Gross Domestic Product data for 2021 (ICP GDP 2021) is the largest international project with 176 participating countries for comparing GDPs and purchasing power parities (PPPs) of currencies.

ICP 2021 was carried out in accordance with the decision of the United Nations Statistical Commission. The overall coordination of the preparation and implementation of the comparison cycle was carried out by the World Bank in close partnership with international organizations and regional development banks across the world.

For the sake of efficiency, the comparison exercise under ICP 2021 was carried out on a regional basis. All participating countries were grouped into regions: CIS countries, a group of EU and OECD countries, Asia and the Pacific, West Asia, Africa, and Latin America and the Caribbean countries.

In the ICP 2021 cycle, the Republic of Belarus participated as part of the CIS region among such countries as Armenia, Azerbaijan, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan and Uzbekistan. In accordance with the decisions of the governing bodies of the Commonwealth of Independent States, Statcommittee of the CIS was the coordinator of comparison exercise in the region.

The key result of the International Comparison Program is the estimation of purchasing power parities (PPPs) for all the participants of the round and the conversion of GDP as a whole and its major components into a single currency. This forms the basis for detailed comparative studies of the size and structure of economies around the world. PPPs are widely used in analytical studies, to monitor progress towards the Sustainable Development Goals. PPP is the number of local currency units needed to purchase a standard set of goods and services that can be purchased for one currency unit of the reference country (or one common currency unit of a group of countries).

On the World Bank website on May 30, 2024, the results of the Global International Comparison Program for 2021 were published, as well as revised data from Global ICP for 2017, PPP time series for 2018 to 2020, and extrapolated values for 2022 and 2023.