NSCB Resolution No. 8
Series of 2010

APPROVING AND ADOPTING THE 2009 PHILIPPINE CLASSIFICATION
OF INDIVIDUAL CONSUMPTION ACCORDING TO PURPOSE

 

WHEREAS, the National Statistical Coordination Board (NSCB) is mandated to develop and prescribe uniform standards and classification systems in the generation of official statistics to ensure harmonization of statistics in the country and at the international level;

WHEREAS, standard classification systems are used to achieve uniformity and comparability of statistics generated at the national and international levels;

WHEREAS, the United Nations recommended the use of the Classification of Individual Consumption According to Purpose (COICOP) which is one of the functional classification systems in the 1993 and 2008 System of National Accounts (SNA);

WHEREAS, the COICOP is used to identify individual consumption expenditures on goods and services incurred by the three institutional sectors of the 2008 SNA namely: (a) households, (b) non-profit institutions serving households, and (c) government;

WHEREAS, the NSCB, through consultations with data producers as well as review of related classification systems, developed the first version of the Philippine Classification of Individual Consumption According to Purpose (PCOICOP) based on the latest COICOP recommended by the United Nations, the 1999 COICOP;

WHEREAS, one of the related classification systems is the Philippine Central Product Classification  (PCPC) which differs from the PCOICOP in that it classifies goods and services to generate data on production, intermediate and final consumption, capital formation, foreign trade or commodity flow, stocks and balances, among others;

WHEREAS, the PCOICOP serves as: (a) framework for the aggregation and integration of the Household / Personal Consumption Expenditures in the System of National Accounts; (b) inputs in the formulation of basket of goods for the Consumer Price Index; (c) guide in the classification of goods and services for the Family Income and Expenditure Survey and Commodity Outlet Survey; and (d) tool in the analysis of individual consumption expenditures;

WHEREAS, the NSCB Technical Committee on Statistical Standards and Classifications (TC SSC) through its Technical Working Group on Expenditure Classification (TWG EC), has reviewed the 2009 PCOICOP and is recommending the same for approval of the NSCB Executive Board;

NOW, THEREFORE, BE IT RESOLVED AS IT IS HEREBY RESOLVED that the NSCB Executive Board approve the 2009 PCOICOP, for adoption by all concerned government offices, agencies and instrumentalities;

Approved this 12th day of May 2010, in Pasig City.

 

Attested by:

 

ROMULO A. VIROLA
Secretary General

2010 NSCB Resolutions

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