Energy commodity prices dropped nearly 4% in October, led by crude oil (-4.6%) and Natural gas in the U.S. (-10%), the World Bank Pink Sheet reported.

John Baffes, Maria Hazel Macadangdang |

The global forecast for oil production in 2019 has been repeatedly revised downward over the last year and a half amid weakening demand for oil. 

Donna Barne, Divyanshi Wadhwa |

According to the latest available purchasing power parity (PPP) data, China’s gross domestic product (GDP) in PPP terms overtook the USA’s in 2013, and now accounts for nearly 19% of the global…

Edie Purdie |

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Dhiraj Sharma, Jed Friedman, Maria Ana Lugo, Daniel Mahler, Divyanshi Wadhwa |

Today, less than 10 percent of the world population lives in extreme poverty. Based on information about basic needs collected from 15 low-income countries, the World Bank defines the extreme poor…

Dean Mitchell Jolliffe, Divyanshi Wadhwa |

PovcalNet released new poverty estimates last week, indicating that in 2015, 10 percent of the global population were living on less than the international poverty line (IPL), currently set at US$…

Christoph Lakner, Espen Beer Prydz, Dean Mitchell Jolliffe |

The ICP blog series explores ideas and issues under the International Comparison Program umbrella – including innovations in price and data collection, discussions on purpose and methodology, as…

Edie Purdie |

The International Comparison Program (ICP) team in the World Bank Development Data Group commissioned a pilot data collection study utilizing modern information and communication technologies in…

Marko Rissanen, Nada Hamadeh |