Retail trade

NACE v2.1 Code: G47

About retail trade

NACE code 47 covers the retail trade industry, which plays a vital role in the broader economy. This sector is responsible for the sale of goods to the general public, either directly to consumers or through intermediaries. Retail trade encompasses a wide range of activities, from small independent shops to large department stores and e-commerce platforms. It is a significant contributor to employment and economic growth, providing a crucial link between producers and consumers.

Production process

The retail trade industry primarily involves the purchase of goods from wholesalers or manufacturers and the subsequent sale of those goods to the end consumer. Retailers use a variety of techniques to attract and serve customers, such as product display, customer service, and inventory management. Many retailers also employ digital technologies, such as e-commerce platforms and mobile apps, to enhance the shopping experience and reach a wider customer base.

Production inputs

The main inputs required for the retail trade industry include the goods or merchandise being sold, which are typically sourced from wholesalers or manufacturers. Retailers also require physical retail spaces, such as stores or warehouses, as well as equipment and technology to facilitate the sales process, such as point-of-sale systems, inventory management software, and transportation for product delivery.

Production outputs

The primary output of the retail trade industry is the sale of goods and services to consumers. These goods and services may be sourced from a variety of other NACE codes, such as 10 Manufacturing, 46 Wholesale trade, and 49 Transportation and storage. The retail trade industry plays a crucial role in distributing these products to the end consumer, making them accessible and available to the general public.

Revisions to 47

Classification codes are adjusted frequently. The code may have been revised or replaced between system versions. The table below shows the history (newest to oldest) of the code 47. The most recent 3 versions of this code (47) is in the NACE v2.1 system (this version):

This page shows the most recent version of code 47.

Family tree for retail trade

    graph LR
    A["<a href='/classifications/nace/v2-1/G'>G: WHOLESALE AND RETAIL TRADE</a>"]
A --> B["<a href='/classifications/nace/v2-1/G/47'>47: Retail trade</a>"]

    A --> C["<a href='/classifications/nace/v2-1/G/46'>46: Wholesale trade</a>"]

    B --> D["<a href='/classifications/nace/v2-1/G/47/1'>47.1: Non-specialised retail sale</a>"]
B --> E["<a href='/classifications/nace/v2-1/G/47/2'>47.2: Retail sale of food, beverages and tobacco</a>"]
B --> F["<a href='/classifications/nace/v2-1/G/47/3'>47.3: Retail sale of automotive fuel</a>"]
B --> G["<a href='/classifications/nace/v2-1/G/47/4'>47.4: Retail sale of information and communication equipment</a>"]
B --> H["<a href='/classifications/nace/v2-1/G/47/5'>47.5: Retail sale of other household equipment</a>"]
B --> I["<a href='/classifications/nace/v2-1/G/47/6'>47.6: Retail sale of cultural and recreational goods</a>"]
B --> J["<a href='/classifications/nace/v2-1/G/47/7'>47.7: Retail sale of other goods, except motor vehicles and motorcycles</a>"]
B --> K["<a href='/classifications/nace/v2-1/G/47/8'>47.8: Retail sale of motor vehicles, motorcycles and related parts and accessories</a>"]
B --> L["<a href='/classifications/nace/v2-1/G/47/9'>47.9: Intermediation service activities for retail sale</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 level3
class E level3
class F level3
class G level3
class H level3
class I level3
class J level3
class K level3
class L 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