- establishment of common classification of economic activities in the EU helping to determine type of economic activity of institutional units engaged in manufacturing or other economic sectors;
- improvement of comparability of national, EU and international statistics.
Kinds of economic activity.
- compilation of statistics based on economic activities;
- maintenance of national information systems.
Approved by the 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
Statistical Office of the European Union (Eurostat)
The draft structure of the new NACE classification is scheduled to be ready by December 2021
During 2022, and in parallel with the legal act procedure, the NACE explanatory notes and all additional materials for the implementation of the new NACE will be prepared
Coding system – decimally hierarchical
Code length – four digits
Number of levels – 4
Description of levels
Level 1: 21 sections identified by alphabetical letters A to U;
Level 2: 88 divisions identified by two-digit numerical codes (01 to 99);
Level 3: 272 groups identified by three-digit numerical codes (01.1 to 99.0);
Level 4: 615 classes identified by four-digit numerical codes (01.11 to 99.00).