International Standard Industrial Classification

The Industrial Standard Industrial Classification of All Economic Activities (ISIC) is a system used by the UN for classifying data. It is used nationally and internationally to classify, in terms of economic activity, data for GDP, employment, production and other areas. It is used as a fundamental tool for studying economic trends and as it is designed for international use, facilitates the comparison of economic data between nations. The ISIC therefore promotes the development of functioning statistical systems and provides a framework for the development of national classifications.