Biofuels emerged as a key element in global efforts to diversify energy sources and reduce carbon emissions. By 2013, production volumes had increased significantly, driven by policy incentives and growing demand. For analysts tasked with quantifying this growth, ISIC 3520â€â€which covers the manufacture of biofuelsâ€â€provides a structured starting point to connect production output with the […]
The early 2010s saw Eastern Europe emerge as a rapidly growing hub for offshore IT services, capitalizing on a well-educated workforce, competitive costs, and proximity to Western European markets. By 2013, IT consultancy firms were multiplying across the region, carving out a distinct niche within the global digital economy. For analysts and policymakers, measuring this […]
Nutrition-related businesses occupy a crucial space at the intersection of health, economy, and culture. In 2012, the steady growth of small-scale bakeries and related food manufacturers provided valuable signals about changing diets and emerging nutritional priorities, especially in developing and transitional economies. Analysts looking to understand these shifts turn to ISIC 1070â€â€covering the manufacture of […]
By 2012, cloud computing had begun its transformation from a promising innovation into a central pillar of the global IT industry. This shift was not merely technical; it redefined how software was developed, delivered, and consumed. The advent of cloud services created new business modelsâ€â€subscription-based pricing, on-demand scalability, and geographically distributed infrastructureâ€â€that challenged traditional software […]
In 2011, photovoltaic (PV) technology was gaining significant momentum as the world sought sustainable alternatives to fossil fuels. Solar panel manufacturing became a crucial industry, driving advancements in energy infrastructure and contributing to global efforts to combat climate change. For analysts aiming to track the development of this sector, ISIC 2710â€â€covering the manufacture of electric […]
Economic growth, while necessary, does not automatically translate into widespread job creation. For policymakers concerned with both prosperity and social inclusion, the question is not simply “how much will the economy grow?†but rather, “where will the jobs come from?†This is where the concept of employment elasticityâ€â€specifically, sectoral employment elasticity measured with ISIC dataâ€â€becomes […]
In 2011, telemedicine was still an emerging concept in many parts of the world, but Australia was already exploring its potential through pilot programs aimed at expanding healthcare access across vast and often remote regions. To measure the impact and growth of these telehealth initiatives, ISIC 8621â€â€General medical practiceâ€â€serves as a valuable classification framework. Although […]
Trade policyâ€â€whether in the form of tariffs, free trade agreements, or targeted quotasâ€â€has always been a lever with far-reaching consequences. Policymakers know this, of course. The challenge isn’t so much in appreciating the complexity as in making sense of itâ€â€quantifying winners, losers, and unintended consequences. In this regard, the International Standard Industrial Classification (ISIC) system […]
Export promotion is often viewed as both art and scienceâ€â€a complex blend of relationship-building, market intelligence, incentives, and trade facilitation. But measuring the real impact of these efforts requires a sharper, more objective lens. Increasingly, export promotion agencies are turning to the International Standard Industrial Classification (ISIC) system as the backbone of their performance measurement […]
There is a persistent, often unspoken challenge for economists who want to track the earliest phase of any new industry. Financial technologyâ€â€what everyone now simply calls fintechâ€â€offers a prime example. In 2010, the sector was barely defined, let alone properly categorized. If you were tasked, as I once was, to quantify new fintech startups from […]
The International Trade Council is pleased to announce that the Comprehensive Economic and Trade Agreement (CETA) has received a significant boost from Germany’s Constitutional Court. The court has cleared the path for the German government to endorse the trade agreement between the EU and Canada, which bolsters the deal’s chances of obtaining approval in […]