Definition: Functional classification

Category: SNA

"Functional" classifications are designed to classify certain transactions of producers and of three institutional sectors, namely household, general government and non-profit institutions serving households. They are described as "functional" classifications because they identify the "functions" - in the sense of "purposes" or "objectives" - for which these groups of transactors engage in certain transactions. The classifications concerned are: Classification of individual consumption by purpose (COICOP), Classification of the functions of government (COFOG), Classification of the purposes of non-profit institutions serving households (COPNI) and Classification of outlays of producers by purpose (COPP) (SNA 1993, § [18.1]). http://ec.europa.eu/eurostat/ramon/statmanuals/files/SNA2008.pdf United Nations, "System of National Accounts (SNA) 1993", United Nations, New York, 1993