This article explains which international standards for industry classification exist and how they can be compared. North Data supports the following standards: WZ 2025, NAICS, ISIC, NACE, and UK SIC
Overview of Industry Classification Standards:
(1) SIC : An older North American standard
(2) NAICS: A newer North American standard that has largely replaced SIC.
(3) ISIC: The international standard from the United Nations. The current version is Revision 4 (from 2008). It forms the basis for many national and regional classifications, including the European NACE and the German WZ classification. (4) NACE: The standard used by the European Union. The current Revision 2.1 will come into effect in 2025 and is based directly on ISIC Rev. 4.
(5) WZ: The German standard. The new version, WZ 2025, will take effect on January 1, 2025. It replaces the previous WZ 2008 and is based on NACE Rev. 2.1.
(6) ÖNACE: The Austrian standard, also based on the NACE code.
(7) NOGA: The Swiss standard, likewise derived from the NACE code.
(8) UK SIC: The British standard (from 2007), also based on NACE Rev. 2.1. (Not to be confused with the North American SIC.) Einordnung und Vergleichbarkeit:
Classification and Comparability:
At first glance, the variety of standards may seem confusing – but in fact, they are largely compatible. The classifications NACE, WZ, and UK SIC are based on a common system.
The Segment filter of the Power Search, different classification standards can be selected. North Data automatically performs a “translation” from the standard used in the respective country to the target standard.