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The Central Product Classification (CPC) constitutes a complete product classification covering goods and services. The CPC serves as an international standard for assembling and tabulating all kinds of data requiring product detail including industrial production, national accounts, service industries, domestic and foreign commodity trade, international trade in services, balance of payments, consumption and price statistics. Version 1.1 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.
Broad Economic Categories (BEC) aims to analyse international trade statistics by large economic classes of goods and services, based on the main outputs of corresponding industries, to facilitate broad analyses of trade and production. It can also be used to identify end-use dimensions (intermediate consumption, gross fixed capital formation, final consumption). It provides a new top level of broad economic categories, based on the main outputs of corresponding industries, to facilitate broad analyses of trade and production and It adds services and therefore refers to products rather than goods. It also identifies end-use as a separate dimension.