Glossary:Business economy (2024)

The business economy is a grouping of the following economic activities: industry, construction, distributive trades and services.

This refers to economic activities covered by Sections B to N and P to R, as well as Divisions S95 and S96 of NACE Rev. 2 and the enterprises or its legal units that carry out those activities.

Industry:

• section B: Mining and quarrying
• section C: Manufacturing
• section D: Electricity, gas, steam and air-conditioning supply
• section E: Water supply; sewerage, waste management and remediation activities

Construction

• section F: Construction

Distributive trades:

• section G: Wholesale and retail trade; repair of motor vehicles and motorcycles

Services:

• section H: Transportation and storage
• section I: Accommodation and food service
• section J: Information and communication
• section K: Financial and insurance activities
• section L: Real estate activities
• section M: Professional, scientific, and technical activities
• section N: Administrative and support service activities
• section P: Education
• section Q: Human health and social work activities
• section R: Arts, entertainment and recreation
• division S95: repair of computers and personal and household goods
• division S96: other personal service activities

The business economy does not include:

• agriculture, forestry, and fishing (NACE section A)
• public administration (NACE section O)

Related concepts

• Non-financial business economy
• Statistical classification of economic activities in the European Community (NACE)

Statistical data

• Structural business statistics overview
• Business demography statistics