Fri, 22 12 1440 | 23 Aug 2019

Government Entities Start to Implement the National Guide for Economic Activities (ISIC4) in the Middle of the Current Month

 

The General Authority for Statistics (GASTAT) Held an Introductory Workshop and Issued the Unified Guide
Government Entities Start to Implement the National Guide for Economic Activities (ISIC4) in the Middle of the Current Month

The General Authority for Statistics (GASTAT) explained that it has completed the preparations for enabling the government entities related to economic activities to implement the "National Classification for Economic Activities", the classification was taken from the International Standard Industrial Classification of All Economic Activities, the forth version (ISIC4), and was issued by the United Nations Economic and Social Council. And it is considered as an approved Classification for Economic Activities in the Kingdom of Saudi Arabia starting next Monday 14 Rabi Thani, 1 January 2018.
The official spokesman of the General Authority for Statistics (GASTAT), Tayseer Al-Mafraj, confirmed that the Authority has held several workshops for the relevant entities during the past period of time and prepared a unified guide and an electronic room for operations and communication in preparation for the start of the adoption of the National Classification for Economic Activities that can be defined as the way in which counting units can be collected according to a serial order and defined by homogeneous groups with a view to creating a general framework for comparison of statistical data at the local, regional and international levels. He also pointed out that the data of economic activity can be divided according to the guide prepared for this to specific levels in a manner similar to the characteristics of economic activities classified in one rank. 
The official spokesman added that the implementation of the Unified Classification for the Economic Activities aims at creating a general framework for comparing statistical data at the local, regional and international levels, and providing a set of statistical data classified according to the economic activity. In addition, the implementation of the Unified Classification for Economic Activities contributes to the organization and restructuring of all sectors, supports the project of electronic connectivity between different entities, improves the quality of administrative records data of the relevant entities, and provides a comprehensive framework of economic activities to facilitate the handling of descriptive formulas automatically.
It should be noted that the original version of the Classification was adopted in 1948. Most countries have applied this Classification as their national classification to become an important tool for comparing statistical data on economic activities at the international level. The first version (ISIC_1) of the International Standard Industrial Classification of Economic Activities was issued in 1958, the second version (ISIC_2) was issued in 1968 and the third version (ISIC_3) was issued in 1990. Finally, in 2006, the United Nations Economic and Social Council adopted the Fourth Amendment to the International Standard Industrial Classification (ISIC4). The General Authority for Statistics (GASTAT) uses the Classification in all its economic and social products, and follows up the updates on the classification and recently it has been authorized to enable the government entities to apply it as an approved Classification for Economic Activities in the Kingdom.

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