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The International Standard Industrial Classification of All Economic Activities (ISIC) is a United Nations industry classification system. Wide use has been made of ISIC in classifying data according to kind of economic activity in the fields of employment and health data. It is maintained by the United Nations Statistics Division. [1]
It is the European implementation of the UN classification ISIC, revision 4. There is a correspondence between NACE and United Nations' International Standard Industrial Classification of all Economic Activities. [2] NACE is similar in function to the SIC and NAICS systems: Standard Industrial Classification; North American Industry ...
Industry Classification Benchmark: FTSE: market/ company 11/20/45/173 2005–present (2019) ISIC International Standard Industrial Classification of All Economic Activities: United Nations Statistics Division: production/ establishment 4 digits 21/88/238/419 1948–present (Rev. 4, 2008) MGECS Morningstar Global Equity Classification System [5]
An economic taxonomy is a system of classification of economic activity, including products, companies and industries. Some economists believe that the study of economic policy demands the use of a taxonomic/classificatory approach.
The OMB established the Economic Classification Policy Committee in 1992 to develop a new system representative of the current industrial climate. The result was the North American Industry Classification System, or NAICS, a collaborative effort between Canada, the U.S. and Mexico. NAICS replaced the four-digit SIC code with a six-digit code ...
The Industry Classification Benchmark (ICB) is an industry classification taxonomy launched by Dow Jones and FTSE in 2005 and now used by FTSE International and STOXX. It is used to segregate markets into sectors within the macroeconomy. The ICB uses a system of 11 industries, partitioned into 20 supersectors, which are further divided into 45 ...
These now fall in line with the European Union industrial classification system, NACE, and the United Nations International Standard Industrial Classifications, ISIC, to and including the 4 digit class level. For certain classes in the UK SIC 2007 taxonomy a further breakdown to a 5 digit level is available.
The Global Industry Classification Standard (GICS) is an industry taxonomy developed in 1999 by MSCI and Standard & Poor's (S&P) for use by the global financial community. The GICS structure consists of 11 sectors, 25 industry groups, 74 industries and 163 sub-industries [ 1 ] into which S&P has categorized all major public companies .