Financial and related services

CPC v2.1 Code: 71

About financial and related services

cpc code 71 covers a wide range of financial and related services that are essential to the functioning of modern economies. This industry encompasses activities such as banking, insurance, investment management, and other financial intermediation services. These services play a crucial role in facilitating the flow of capital, managing risk, and supporting economic growth and development across various sectors.

Production process

The production techniques in the financial services industry primarily involve the processing and management of financial transactions, data, and information. This includes the use of sophisticated software and information systems, as well as the application of financial analysis and risk management methodologies. Financial institutions often rely on advanced algorithms, automation, and digital platforms to streamline their operations and deliver services efficiently.

Production inputs

The main inputs required for the financial services industry include skilled labor, such as financial analysts, accountants, and customer service professionals. Additionally, the industry relies on robust information technology infrastructure, including hardware, software, and cybersecurity systems. Financial institutions also require access to capital, which they obtain through deposits, investments, and other funding sources.

Production outputs

The primary outputs of the financial services industry include a wide range of products and services, such as 81 Banking and credit services, 82 Insurance services, 83 Investment management and related services, and 84 Other financial services. These outputs are consumed by individuals, businesses, and other organizations that require financial intermediation, risk management, and investment opportunities.

Family tree for financial and related services

    graph LR
    A["<a href='/classifications/cpc/v2-1/7'>7: Financial and related services; real estate services; and rental and leasing services</a>"]
A --> B["<a href='/classifications/cpc/v2-1/71'>71: Financial and related services</a>"]

    A --> C["<a href='/classifications/cpc/v2-1/72'>72: Real estate services</a>"]
A --> D["<a href='/classifications/cpc/v2-1/73'>73: Leasing or rental services without operator</a>"]

    B --> E["<a href='/classifications/cpc/v2-1/711'>711: Financial services, except investment banking, insurance services and pension services</a>"]
B --> F["<a href='/classifications/cpc/v2-1/712'>712: Investment banking services</a>"]
B --> G["<a href='/classifications/cpc/v2-1/713'>713: Insurance and pension services (excluding reinsurance services), except compulsory social security services</a>"]
B --> H["<a href='/classifications/cpc/v2-1/714'>714: Reinsurance services</a>"]
B --> I["<a href='/classifications/cpc/v2-1/715'>715: Services auxiliary to financial services other than to insurance and pensions</a>"]
B --> J["<a href='/classifications/cpc/v2-1/716'>716: Services auxiliary to insurance and pensions</a>"]
B --> K["<a href='/classifications/cpc/v2-1/717'>717: Services of holding financial assets</a>"]


    %% Color coordination by level

    classDef level1 color:#000,fill:#a8f9ff,stroke:#333,stroke-width:2px
    classDef level2 color:#000,fill:#e0a458,stroke:#333,stroke-width:1px
    classDef level3 color:#000,fill:#419d78,stroke:#333,stroke-width:1px
    classDef level4 color:#000,fill:#c04abc,stroke:#333,stroke-width:1px
    classDef level5 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px
    classDef level6 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px
    classDef highlight color:#000,fill:#fff,stroke:#000,stroke-width:5px



  %% Apply classes
  class A level1
class B level2
class C level2
class D level2
class E level3
class F level3
class G level3
class H level3
class I level3
class J level3
class K level3

  class B highlight

  %% class A level1
  %% class B,C level2
  %% class D,E,F,G,H,I level2
  %% class J,K,L,M,N,O,P level3
  %% class B highlight