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Industry classification or industry taxonomy is a type of economic taxonomy that organizes companies into industrial groupings based on similar production processes, similar products, or similar behavior in financial mark... A wide variety of taxonomies is in use, sponsored by different organizations and based on different criteria.[1]

Abbreviation Full name Sponsor Criterion/
unit
Node count by level Issued
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)
NAICS North American Industry Classification System Governments of the United States, Canada, and Mexico production/
establishment
6 digits
17/99/313/724/1175 (/19745)1
1997, 2002, 2012
NACE Statistical Classification of Economic Activities in the European Community European Community production/
establishment
6 digits 1970, 1990, 2006
ANZSIC Australian and New Zealand Standard Industrial Classification Governments of Australia and New Zealand 1993, 2006
SIC Standard Industrial Classification Government of the United States production/
establishment
4 digits
1004 categories
1937–1987 (superseded by NAICS, but still used in some applications)
ICB Industry Classification Benchmark FTSE market/
company
10/20/41/114[2]
GICS Global Industry Classification Standard Standard & Poor's, Morgan Stanley Capital International market/
company
2-8 digits
10/24/68/154
UKSIC United Kingdom Standard Industrial Classification of Economic Activities Government of the United Kingdom 1948-present (2007)
TRBC Thomson Reuters Business Classification Thomson Reuters market/
company
10/25/52/124[2]
SNI Swedish Standard Industrial Classification Government of Sweden
UNSPSC United Nations Standard Products and Services Code United Nations Product 8 digits (optional 9th) 1998 - present

1The NAICS Index File[3] lists 19745 rubrics beyond the 6 digits which are not assigned codes.

Besides the widely used taxonomies above, there are also more specialized proprietary systems:

See alsoEdit

NotesEdit

ReferencesEdit

  • Michael E. Porter (1980). Competitive Strategy. Free Press, New York. ISBN 978-0743260886. 
  • Michael E. Porter (1985). Competitive Advantage. Free Press, New York. ISBN 978-0743260879. 
  • Bernard Guibert, Jean Laganier, and Michel Volle, "An Essay on Industrial Classifications", Économie et statistique 20 (February 1971) full text