#Industry Classes
Industry Classes - Definition
Industry classes describe a collection of industries that perform similar activities or provide the same services.
The current classification of industry classes dates from 2008 (WZ 2008) and takes into account the requirements for systematization of the European Community (NACE REV 2). The structure is divided into five levels:
- Economic section
- Divisions
- Groups
- Classes
- Subclasses
Which industry classes exist?
There are a total of 21 industry classes, including, for example, agriculture, forestry and fishing, mining/energy and water supply, manufacturing, construction, trade, transport and communications, as well as banking and insurance.
NACE CODE – where can I find it?
The NACE (French: Nomenclature statistique des activités économiques dans la Communauté européenne) CODE defines and classifies economic classes. Information on which NACE code is suitable for individual companies can be found on the Federal Statistical Office website.
The significance of industry classes
By classifying companies into industry classes, relevant statistics can be developed. This makes it possible to see how specific industries are developing economically. This information can then be used to derive support measures and pursue investments. The construction sector is a very dominant industry class: the construction industry already employs around 885,000 people (Statista, 2020), and the construction sector generates almost six percent of total value creation in Germany.
This page was automatically translated from German.