![]() The statistics produced on the basis of NACE codes are comparable at the European level and more generally at the global level. NACE codes provide a framework for the collection and presentation, based on economic activity, of a wide range of statistics in economic fields such as production, employment, national accounts, and others. The NACE codes are a standard classification system of similar European industries in function to Standard Industry Classification (SIC) and North American Industry Classification System (NAICS) for classifying business activities. It designates the various statistical nomenclatures of economic activities developed since 1970 in the European Union. The acronym NACE, Nomenclature of Economic Activities (or in French classification des activités économiques), designates the integrated classification system for products and economic activities. What the main characteristics of the NACE regulations are.In this article, you will find out everything there is to know about them. If not, this article is for you.įind out why they matter for all businesses. If you are doing business within the European Union, you will probably have heard of NACE codes. ![]() How NACE codes can help you on CONNECTS.Statistical Classification of Economic Activities in the European Community Rev.The characteristics of statistical nomenclatures.The main characteristics of NACE regulations.
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