Definition: Economic Activity Codes Registry Management is an IT concept that involves the use of software or systems to manage, organize, and maintain the registry of codes that represent various economic activities in a particular economy. These codes are used for statistical, regulatory, and taxation purposes. Source: Investopedia Source reference: https://www.investopedia.com/terms/e/economic-activity.asp Additional information: Economic Activity Codes Registry Management is a crucial aspect of economic data management. These codes, often referred to as 'industry codes', are used to classify businesses and other economic entities based on their primary economic activities. This classification is used by government agencies for various purposes, including economic analysis, policy formulation, and regulatory oversight. The management of these codes involves ensuring their accuracy, consistency, and relevance. This is often achieved through the use of specialized software or systems that allow for easy updating, retrieval, and analysis of the codes. These systems also ensure the codes are in line with international standards such as the North American Industry Classification System (NAICS) or the International Standard Industrial Classification (ISIC). Example: Examples of application include the use of these codes by tax authorities to determine the applicable tax rates for businesses based on their primary economic activities. Another example is the use of these codes by statistical agencies to compile and analyze economic data. In the private sector, businesses may use these codes to identify potential markets or competitors. LOST view: OV-Digital Public Services Catalogue Identifier: http://data.europa.eu/dr8/egovera/EconomicActivityCodesRegistryManagementBusinessService EIRA traceability: eira:DigitalPublicBusinessService ABB name: egovera:EconomicActivityCodesRegistryManagementBusinessService EIRA concept: eira:ArchitectureBuildingBlock Last modification: 2023-07-27 dct:identifier: http://data.europa.eu/dr8/egovera/EconomicActivityCodesRegistryManagementBusinessService dct:title: Economic activity codes registry management Digital Public Service