Central Product Classification

Classification

Date Added: 2011-04-16

Central Product Classification

The Central Product Classification (CPC) constitutes a complete product classification covering goods and services. It was intended to serve as an international standard for assembling and tabulating all kinds of data requiring product detail including industrial production, national accounts, service ndustries, domestic and foreign commodity trade, international trade in services, balance of ayments, consumption and price statistics.Other basic aims were to provide a framework for nternational comparison and promote harmonization of various types of statistics dealing with goods and services. The first version of the Central Product Classification (CPC), the Provisional Central Product lassification was published in 1990. This version was superseded by the Central Product classification Version 1.0, published in 1998. Then, particular attention was paid to the elaboration of the services part of the classification. This newly revised Central Product Classification (CPC) Version 1.1 epresents a further update to the CPC. The development of this new version is intended to incorporate modifications due to recent changes in economies worldwide and sustained technological advancement in the period since the development of CPC Version 1.0. The continual revision of this classification is evidence of the commitment to systematize the improvement of the classification over time, keeping it current and making it more responsive to existing economic and technological reality, while maintaining conceptual consistency. Central Product Classification 2002