The System of National Accounts (SNA) provides an international standard for compiling economic activity measures. The productive activities that are accounted for under national income accounts are classified as per the International Standard Industrial Classification of All Economic Activities.
This classification categorizes all economic activities as per a 4 level hierarchical structure. For example
1. Growing of Rice as an economic activity is classified as:
Section A Agriculture, forestry and fishing
Division 01 Crop and animal production
Group 011 Growing of non-perennial crops
Class 0112 Growing of rice
2. Retail sale of food in specialized stores is classified as:
Section G Wholesale and retail trade; repair of motor vehicles
Division 47 Retail trade, except that of motor vehicles and motorcycles
Group 472 Retail of food, beverages and tobacco in specialized stores
Class 4721 Retail sale of food in specialized stores
All the productive activities are classified under 21 sections from Section A to U.
The classification of economic activities is done on the following parameters:
This classification categorizes all economic activities as per a 4 level hierarchical structure. For example
1. Growing of Rice as an economic activity is classified as:
Section A Agriculture, forestry and fishing
Division 01 Crop and animal production
Group 011 Growing of non-perennial crops
Class 0112 Growing of rice
2. Retail sale of food in specialized stores is classified as:
Section G Wholesale and retail trade; repair of motor vehicles
Division 47 Retail trade, except that of motor vehicles and motorcycles
Group 472 Retail of food, beverages and tobacco in specialized stores
Class 4721 Retail sale of food in specialized stores
All the productive activities are classified under 21 sections from Section A to U.
The classification of economic activities is done on the following parameters:
- Input of goods and services
- The process and technology of production
- Characteristics of output
- Use to which the output products are put
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