COICOP — Classification Of Individual Consumption By Purpose

COICOP — Classification Of Individual Consumption By Purpose

This code system, published by the United Nations Statistics Unit, aims to classify consumer expenditures (in which income class consumers focus on which expenses) and compare consumer price indices and GDP (Gross Domestic Product) with other countries.

The studies that started in 2011 were concluded in 2018 and put into effect.

Code structure;

01 — Department => Food and soft drinks

2 — Group => Soft drinks

1 — Class => Coffee, tea, and cocoa

X — Subclass => …

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References

• https://en.wikipedia.org/wiki/Classification_of_Individual_Consumption_According_to_Purpose

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