Classification of COICOP2018

Classification of consumption.

COICOP2018 2023-12

The Classification of Individual Consumption According to Purpose (COICOP) is the international reference classification of household expenditure. The objective of COICOP is to provide a framework of homogeneous categories of goods and services, which are considered a function or purpose of household consumption expenditure. COICOP is a reference classification published by the United Nations Statistics Division which is used in National accounts, Household Budget surveys (HBS), Price Statistics (HICP) and Purchasing Power Parities (PPP). COICOP 2018 is the newest version, and it is more detailed than the previous version (COICOP published in 1999).