Translation and interpretation activities

NACE code 74.30 covers translation and interpretation activities, which play a crucial role in facilitating global communication and enabling cross-cultural exchange. This industry is essential for businesses, organizations, and individuals operating in an increasingly interconnected world, where the ability to overcome language barriers is paramount for success. Translation and interpretation services support a wide range of sectors, from international trade and diplomacy to tourism and education, contributing to the smooth flow of information and the dissemination of knowledge across linguistic and cultural divides.

The core production techniques in the translation and interpretation industry involve the conversion of content from one language to another, ensuring accurate and effective communication. This process may involve various methods, such as written translation, simultaneous or consecutive interpretation, and the use of specialized software and technology to streamline the workflow. Skilled linguists, who possess deep knowledge of both the source and target languages, as well as cultural nuances, are the key drivers of this industry, leveraging their expertise to deliver high-quality services.

The main inputs required for the translation and interpretation industry include a pool of highly skilled and qualified linguists, proficient in multiple languages. Additionally, the industry relies on access to reference materials, such as dictionaries, glossaries, and style guides, as well as specialized software and technology platforms to facilitate the translation and interpretation processes. Interpreters may also require access to appropriate equipment, such as headsets and simultaneous interpretation booths, to perform their duties effectively.

The primary outputs of the translation and interpretation industry are the delivery of accurate and culturally appropriate language services, enabling effective communication and knowledge transfer across linguistic and cultural boundaries. These services are consumed by a wide range of industries, including 46.90 Wholesale trade, except of motor vehicles and motorcycles, 58.11 Book publishing, 69.10 Legal activities, 85.42 Tertiary education, and 91.01 Library and archive activities, among others. The industry's outputs contribute to the facilitation of international trade, the dissemination of information, and the promotion of cultural understanding and exchange.