NACE Classification

From Open Risk Manual

Definition

NACE (Nomenclature of Economic Activities) is the European statistical classification of economic activities. It is established by law[1]. The classification consists of an alphanumeric designation of the form DNN.N.N, where D stands for a capital letter A-Z and N are digits 0-9.

The system is hierarchical: at the highest level are broad industrial sectors such as Manufacturing or Mining which are refined at two further levels, i.e. sector, sub-sector and sub-subsector. The hierarchical levels are denoted respectively:

  • Section: Level 1: 21 sections identified by alphabetical letters A to U;
  • Division: Level 2: 88 divisions identified by two-digit numerical codes (01 to 99);
  • Group: Level 3: 272 groups identified by three-digit numerical codes (01.1 to 99.0);
  • Class: Level 4: 615 classes identified by four-digit numerical codes (01.11 to 99.00).

Example

As an example of an economic sector, Artistic Creation would be classified as:

  • R - Arts, entertainment and recreation
  • R90.0 - Creative, arts and entertainment activities
  • R90.0.3 - Artistic creation

Aggregation Levels

Eurostat SNA NACE Rev.2 (ISIC Rev.4) A*64 to A*10 hierarchies:

  • A*64: Number based, resolving from 21 to 64 categories
  • A*36: Leter based, resolving from 21 to 38 categories
  • A*21: The standard (letter based) hierarchy as per below table
  • A*10: Grouped as A, B-E, F, G-I, J, K, L, M-N, O-Q, R-U

Top Level NACE Sectors (Sections)

This is the standard NACE Rev. 2 highest level segmentation [2]

Section Title
A NACE Section A - Agriculture, Forestry and Fishing
B NACE Section B - Mining and Quarrying
C NACE Section C - Manufacturing
D NACE Section D - Electricity, Gas, Steam and Air Conditioning Supply
E NACE Section E - Water Supply, Sewerage, Waste Management and Remediation Activities
F NACE Section F - Construction
G NACE Section G - Wholesale and Retail Trade
H NACE Section H - Transporting and Storage
I NACE Section I - Accommodation and Food Service Activities
J NACE Section J - Information and Communication
K NACE Section K - Financial and Insurance Activities
L NACE Section L - Real Estate Activities
M NACE Section M - Professional, Scientific and Technical Activities
N NACE Section N - Administrative and Support Service Activities
O NACE Section O - Public Administration and Defence, Compulsory Social Security
P NACE Section P - Education
Q NACE Section Q - Human Health and Social Work Activities
R NACE Section R - Arts, Entertainment and Recreation
S NACE Section S - Other Service Activities
T NACE Section T - Activities of Households as Employers
U NACE Section U - Activities of Extraterritorial Organisations and Bodies

See Also

References

  1. Regulation (EC) No. 1893/2006 of the European Parliament and of the Council of 20 December 2006 establishing the statistical classification of economic activities NACE Revision 2 and amending Council Regulation (EEC) No. 3037/90 as well as certain EC Regulations on specific statistical domains (OJ L 393, 30.12.2006, p. 1)
  2. NACE Rev. 2, Statistical classification of economic activities in the European Community