Trade, Crisis, and Recovery: Restructuring Global Value Chains
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Annex 2B: Classification of Sectors by Broad Economic Category The Broad Economic Category (BEC) classification, as defined by the United Nations, comprises 19 basic categories that are assigned to the final use of the good, namely, capital good, consumption good, and intermediate good (see table 2B.1). Two categories (motor spirit, passenger motor cars, and goods n.e.s. [ not elsewhere specified]) are not assigned to these categories. We suggest classifying motor spirit as intermediate goods and passenger motor cars as consumption goods, while the assignment of goods that are not specified elsewhere cannot be done. Table 2B.1 Classification of Sectors by Broad Economic Category Broad Economic Category 1 Food and beverages 11 Primary 111 Mainly for industry 112 Mainly for household consumption 12 Processed 121 Mainly for industry 122 Mainly for household consumption 2 Industrial supplies not elsewhere specified 21 Primary 22 Processed 3 Fuels and lubricants 31 Primary 32 Processed 321 Motor spirit 322 Other 4 Capital goods (except transport equipment) 41 Capital goods (except transport equipment) 42 Parts and accessories 5 Transport equipment 51 Passenger motor cars 52 Other 521 Industrial 522 Nonindustrial 53 Parts and accessories 6 Consumer goods not elsewhere specified 61 Durable 62 Semi-durable 63 Nondurable 7 Goods not elsewhere specified
Final use
Intermediate goods Consumption goods Intermediate goods Consumption goods Intermediate goods Intermediate goods Intermediate goods Intermediate and consumption goods Intermediate goods
Capital goods Intermediate goods Intermediate and consumption goods Capital goods Consumption goods Intermediate goods Consumption goods Consumption goods Consumption goods Intermediate, consumption, and capital goods
Source: UN “Classification by Broad Economic Categories� 2002.