ISICbased

ISICbased is a term that refers to data or analysis derived from or related to the International Standard Industrial Classification of All Economic Activities (ISIC). ISIC is a United Nations statistical classification standard that provides a comprehensive framework for categorizing economic activities. It is used internationally to facilitate the collection, compilation, and analysis of statistics related to economic activities.

When data or analysis is described as ISICbased, it means that the categorization or structure of that information aligns with the principles and groupings defined by ISIC. This ensures consistency and comparability across different datasets and countries, making it easier to understand economic trends and patterns on a global scale. For instance, economic reports might present industry-specific data that has been classified using ISIC codes.

The ISIC standard is periodically revised to reflect changes in the global economy. The current version is ISIC, Revision 4. Organizations and researchers utilize ISICbased methodologies to ensure their statistical outputs are standardized and can be compared with other officially recognized economic statistics. This common language for economic activities is crucial for international cooperation, policy-making, and academic research.