Global Industry Classification Standard

The Global Industry Classification Standard (GICS) is an industry taxonomy developed in 1999 by MSCI and Standard & Poor's (S&P) for use by the global financial community. The GICS structure consists of 11 sectors, 25 industry groups, 74 industries and 163 sub-industries{{cite web|url=https://www.msci.com/our-solutions/indexes/gics |title=The Global Industry Classification Standard (GICS®)|access-date=2023-03-21}} into which S&P has categorized all major public companies. The system is similar to ICB (Industry Classification Benchmark), a classification structure maintained by FTSE Group.

GICS is used as a basis for S&P and MSCI indexes used in the financial field which each company is assigned to a sub-industry, and to an industry, industry group, and sector, by its principal business activity. "GICS" is a registered trademark of McGraw Hill Financial and MSCI Inc.{{cite web |url=http://www.msci.com/products/indices/sector/gics |title=MSCI-Barra GICS Tables |access-date=2013-02-10 |archive-url=https://web.archive.org/web/20140326094518/http://www.msci.com/products/indices/sector/gics/ |archive-date=2014-03-26 |url-status=dead }}{{cite web |url=http://www.msci.com/products/indices/sector/gics |title=MSCI-Barra GICS Sector Definitions |access-date=2013-02-10 |format=PDF |archive-url=https://web.archive.org/web/20140326094518/http://www.msci.com/products/indices/sector/gics/ |archive-date=2014-03-26 |url-status=dead }}

Classification

The classification is as follows:

colspan="2" \| Sector ! colspan="2" \| Industry Group ! colspan="2" \| Industry ! colspan="2" \| Sub-Industry
class="wikitable"
rowspan="7" \| 10 \| rowspan="7" \| Energy \| rowspan="7" \| 1010 \| rowspan="7" \| Energy \| rowspan=2 \| 101010 \| rowspan=2 \| Energy Equipment & Services \| 10101010	Oil & Gas Drilling
10101020	Oil & Gas Equipment & Services
rowspan=5 \| 101020 \| rowspan=5 \| Oil, Gas & Consumable Fuels \| 10102010	Integrated Oil & Gas
10102020	Oil & Gas Exploration & Production
10102030	Oil & Gas Refining & Marketing
10102040	Oil & Gas Storage & Transportation
10102050	Coal & Consumable Fuels
rowspan="17" \|15 \| rowspan="17" \|Materials \| rowspan="17" \|1510 \| rowspan="17" \|Materials \| rowspan="5" \| 151010 \| rowspan="5" \| Chemicals \| 15101010	Commodity Chemicals
15101020	Diversified Chemicals
15101030	Fertilizers & Agricultural Chemicals
15101040	Industrial Gases
15101050	Specialty Chemicals
rowspan=1 \| 151020 \| rowspan=1 \| Construction Materials \| 15102010	Construction Materials
rowspan=2 \| 151030 \| rowspan=2 \| Containers & Packaging \| 15103010	Metal, Glass & Plastic Containers
15103020	Paper & Plastic Packaging Products & Materials
rowspan=7 \| 151040 \| rowspan=7 \| Metals & Mining \| 15104010	Aluminum
15104020	Diversified Metals & Mining
15104025	Copper
15104030	Gold
15104040	Precious Metals & Minerals
15104045	Silver
15104050	Steel
rowspan=2 \| 151050 \| rowspan=2 \| Paper & Forest Products \| 15105010	Forest Products
15105020	Paper Products
rowspan=27 \| 20 \| rowspan=27 \| Industrials \| rowspan=10 \| 2010 \| rowspan=10 \| Capital Goods \| 201010	Aerospace & Defense \| 20101010	Aerospace & Defense
201020	Building Products \| 20102010	Building Products
201030	Construction & Engineering \| 20103010	Construction & Engineering
rowspan=2 \| 201040 \| rowspan=2 \| Electrical Equipment \| 20104010	Electrical Components & Equipment
20104020	Heavy Electrical Equipment
201050	Industrial Conglomerates \| 20105010	Industrial Conglomerates
rowspan=3 \| 201060 \| rowspan=3 \| Machinery \| 20106010	Construction Machinery & Heavy Transportation Equipment
20106015	Agricultural & Farm Machinery
20106020	Industrial Machinery & Supplies & Components
201070	Trading Companies & Distributors \| 20107010	Trading Companies & Distributors
rowspan=8 \| 2020 \| rowspan=8 \| Commercial & Professional Services \| rowspan=5 \| 202010 \| rowspan=5 \| Commercial Services & Supplies \| 20201010	Commercial Printing
20201050	Environmental & Facilities Services
20201060	Office Services & Supplies
20201070	Diversified Support Services
20201080	Security & Alarm Services
rowspan=3 \| 202020 \| rowspan=3 \| Professional Services \| 20202010	Human Resource & Employment Services
20202020	Research & Consulting Services
20202030	Data Processing & Outsourced Services
rowspan=9 \| 2030 \| rowspan=9 \| Transportation \| 203010	Air Freight & Logistics \| 20301010	Air Freight & Logistics
203020	Passenger Airlines \| 20302010	Passenger Airlines
203030	Marine Transportation \| 20303010	Marine Transportation
rowspan=3 \| 203040 \| rowspan=3 \| Ground Transportation \| 20304010	Rail Transportation
20304030	Cargo Ground Transportation
20304040	Passenger Ground Transportation
rowspan=3 \| 203050 \| rowspan=3 \| Transportation Infrastructure \| 20305010	Airport Services
20305020	Highways & Railtracks
20305030	Marine Ports & Services
rowspan=27 \| 25 \| rowspan=27 \| Consumer Discretionary \| rowspan=4 \| 2510 \| rowspan=4 \| Automobiles & Components \| rowspan=2 \| 251010 \| rowspan=2 \| Automobile Components \| 25101010	Automotive Parts & Equipment
25101020	Tires & Rubber
rowspan=2 \| 251020 \| rowspan=2 \| Automobiles \| 25102010	Automobile Manufacturers
25102020	Motorcycle Manufacturers
rowspan=9 \| 2520 \| rowspan=9 \| Consumer Durables & Apparel \| rowspan=5 \| 252010 \| rowspan=5 \| Household Durables \| 25201010	Consumer Electronics
25201020	Home Furnishings
25201030	Homebuilding
25201040	Household Appliances
25201050	Housewares & Specialties
252020	Leisure Products \| 25202010	Leisure Products
rowspan=3 \| 252030 \| rowspan=3 \| Textiles, Apparel & Luxury Goods \| 25203010	Apparel, Accessories & Luxury Goods
25203020	Footwear
25203030	Textiles
rowspan=6 \| 2530 \| rowspan=6 \| Consumer Services \| rowspan=4 \| 253010 \| rowspan=4 \| Hotels, Restaurants & Leisure \| 25301010	Casinos & Gaming
25301020	Hotels, Resorts & Cruise Lines
25301030	Leisure Facilities
25301040	Restaurants
rowspan=2 \| 253020 \| rowspan=2 \| Diversified Consumer Services \| 25302010	Education Services
25302020	Specialized Consumer Services
rowspan=8 \| 2550 \| rowspan=8 \| Consumer Discretionary Distribution & Retail \| 255010	Distributors \| 25501010	Distributors
255030	Broadline Retail \| 25503030	Broadline Retail
rowspan=6 \| 255040 \| rowspan=6 \| Specialty Retail \| 25504010	Apparel Retail
25504020	Computer & Electronics Retail
25504030	Home Improvement Retail
25504040	Other Specialty Retail
25504050	Automotive Retail
25504060	Homefurnishing Retail
rowspan=12 \| 30 \| rowspan=12 \| Consumer Staples \| rowspan=4 \| 3010 \| rowspan=4 \| Consumer Staples Distribution & Retail \| rowspan=4 \| 301010 \| rowspan=4 \| Consumer Staples Distribution & Retail \| 30101010	Drug Retail
30101020	Food Distributors
30101030	Food Retail
30101040	Consumer Staples Merchandise Retail
rowspan=6 \| 3020 \| rowspan=6 \| Food, Beverage & Tobacco \| rowspan=3 \| 302010 \| rowspan=3 \| Beverages \| 30201010	Brewers
30201020	Distillers & Vintners
30201030	Soft Drinks & Non-alcoholic Beverages
rowspan=2 \| 302020 \| rowspan=2 \| Food Products \| 30202010	Agricultural Products & Services
30202030	Packaged Foods & Meats
302030	Tobacco \| 30203010	Tobacco
rowspan=2 \| 3030 \| rowspan=2 \| Household & Personal Products \| 303010	Household Products \| 30301010	Household Products
303020	Personal Care Products \| 30302010	Personal Care Products
rowspan=10 \| 35 \| rowspan=10 \| Health Care \| rowspan=7 \| 3510 \| rowspan=7 \| Health Care Equipment & Services \| rowspan=2 \| 351010 \| rowspan=2 \| Health Care Equipment & Supplies \| 35101010	Health Care Equipment
35101020	Health Care Supplies
rowspan=4 \| 351020 \| rowspan=4 \| Health Care Providers & Services \| 35102010	Health Care Distributors
35102015	Health Care Services
35102020	Health Care Facilities
35102030	Managed Health Care
351030	Health Care Technology \| 35103010	Health Care Technology
rowspan=3 \| 3520 \| rowspan=3 \| Pharmaceuticals, Biotechnology & Life Sciences \| 352010	Biotechnology \| 35201010	Biotechnology
352020	Pharmaceuticals \| 35202010	Pharmaceuticals
352030	Life Sciences Tools & Services \| 35203010	Life Sciences Tools & Services
rowspan=18 \| 40 \| rowspan=18 \| Financials \| rowspan=2 \| 4010 \| rowspan=2 \| Banks \| rowspan=2 \| 401010 \| rowspan=2 \| Banks \| 40101010	Diversified Banks
40101015	Regional Banks
rowspan=11 \| 4020 \| rowspan=11 \| Financial Services \| rowspan=5 \| 402010 \| rowspan=5 \| Financial Services \| 40201020	Diversified Financial Services
40201030	Multi-Sector Holdings
40201040	Specialized Finance
40201050	Commercial & Residential Mortgage Finance
40201060	Transaction & Payment Processing Services
402020	Consumer Finance \| 40202010	Consumer Finance
rowspan=4 \| 402030 \| rowspan=4 \| Capital Markets \| 40203010	Asset Management & Custody Banks
40203020	Investment Banking & Brokerage
40203030	Diversified Capital Markets
40203040	Financial Exchanges & Data
402040	Mortgage Real Estate Investment Trusts (REITs) \| 40204010	Mortgage REITs
rowspan=5 \| 4030 \| rowspan=5 \| Insurance \| rowspan=5 \| 403010 \| rowspan=5 \| Insurance \| 40301010	Insurance Brokers
40301020	Life & Health Insurance
40301030	Multi-line Insurance
40301040	Property & Casualty Insurance
40301050	Reinsurance
rowspan="13" \| 45 \| rowspan="13" \| Information Technology \| rowspan="5" \| 4510 \| rowspan="5" \| Software & Services
rowspan="2" \| 451020 \| rowspan="2" \| IT Services \| 45102010	IT Consulting & Other Services
45102030 \|Internet Services & Infrastructure
rowspan="2" \| 451030 \| rowspan="2" \| Software \| 45103010	Application Software
45103020	Systems Software
rowspan=6 \| 4520 \| rowspan=6 \| Technology Hardware & Equipment \| 452010	Communications Equipment \| 45201020	Communications Equipment
452020	Technology Hardware, Storage & Peripherals \| 45202030	Technology Hardware, Storage & Peripherals
rowspan=4 \| 452030 \| rowspan=4 \| Electronic Equipment, Instruments & Components \| 45203010	Electronic Equipment & Instruments
45203015	Electronic Components
45203020	Electronic Manufacturing Services
45203030	Technology Distributors
rowspan=2 \| 4530 \| rowspan=2 \| Semiconductors & Semiconductor Equipment \| rowspan=2 \| 453010 \| rowspan=2 \| Semiconductors & Semiconductor Equipment \| 45301010	Semiconductor Materials & Equipment
45301020	Semiconductors
rowspan=10 \| 50 \| rowspan=10 \| Communication Services \| rowspan=3 \| 5010 \| rowspan=3 \| Telecommunication Services \| rowspan=2 \| 501010 \| rowspan=2 \| Diversified Telecommunication Services \| 50101010	Alternative Carriers
50101020	Integrated Telecommunication Services
501020	Wireless Telecommunication Services \| 50102010	Wireless Telecommunication Services
rowspan=7 \|5020 \| rowspan=7 \|Media & Entertainment \| rowspan=4 \|502010 \| rowspan=4 \|Media \| 50201010	Advertising
50201020	Broadcasting
50201030	Cable & Satellite
50201040	Publishing
rowspan=2 \|502020 \| rowspan=2 \|Entertainment \| 50202010	Movies & Entertainment
50202020	Interactive Home Entertainment
502030	Interactive Media & Services \| 50203010	Interactive Media & Services
rowspan=6 \| 55 \| rowspan=6 \| Utilities \| rowspan=6 \| 5510 \| rowspan=6 \| Utilities \| 551010	Electric Utilities \| 55101010	Electric Utilities
551020	Gas Utilities \| 55102010	Gas Utilities
551030	Multi-Utilities \| 55103010	Multi-Utilities
551040	Water Utilities \| 55104010	Water Utilities
rowspan=2 \| 551050 \| rowspan=2 \| Independent Power and Renewable Electricity Producers \| 55105010	Independent Power Producers & Energy Traders
55105020	Renewable Electricity
rowspan=17 \| 60 \| rowspan=17 \| Real Estate \| rowspan=13 \| 6010 \| rowspan=13 \| Equity Real Estate Investment Trusts (REITs) \| 601010	Diversified REITs \| 60101010	Diversified REITs
601025	Industrial REITs \| 60102510	Industrial REITs
601030	Hotel & Resort REITs \| 60103010	Hotel & Resort REITs
601040	Office REITs \| 60104010	Office REITs
601050	Health Care REITs \| 60105010	Health Care REITs
rowspan=2 \| 601060 \| rowspan=2 \| Residential REITs \| 60106010	Multi-Family Residential REITs
60106020	Single-Family Residential REITs
601070	Retail REITs \| 60107010	Retail REITs
rowspan=5 \| 601080 \| rowspan=5 \| Specialized REITs \| 60108010	Other Specialized REITs
60108020	Self-Storage REITs
60108030	Telecom Tower REITs
60108040	Timber REITs
60108050	Data Center REITs
rowspan=4 \| 6020 \| rowspan=4 \| Real Estate Management & Development \| rowspan=4 \| 602010 \| rowspan=4 \| Real Estate Management & Development \| 60201010	Diversified Real Estate Activities
60201020	Real Estate Operating Companies
60201030	Real Estate Development
60201040	Real Estate Services

Per the MSCI World index, Information Technology is the biggest sector, with 22% of world capitalisation.

Revisions

The classification standard is regularly updated by S&P Dow Jones Indices and MSCI. Numerous changes over the years have resulted in the addition, deletion, or redefinition of various sub-industries, industries, or industry groups.{{cite web|url=http://www.msci.com/resources/pdfs/GICS_Consultation2015.pdf |title=Archived copy |access-date=2015-01-25 |url-status=dead |archive-url=https://web.archive.org/web/20150211031822/http://www.msci.com/resources/pdfs/GICS_Consultation2015.pdf |archive-date=2015-02-11 }} Since 1999, there have been two revisions at the sector level:

In 2016, the real estate industry group (with the exception of mortgage REITs) was moved out of the financials sector to a newly created real estate sector.{{cite web|url=https://www.msci.com/documents/10199/248121/Revisions+to+GICS+Structure+in+2016/cfded0bf-18bc-46d9-9053-ce22ef287481|title=S&P Dow Jones Indices and MSCI Announce Further Revisions to the Global Industry Classification Standard Structure in 2016|access-date=28 Dec 2018|format=pdf}}
In 2018, the telecommunication services sector was renamed communication services. The sector was expanded to include media and entertainment companies previously in the consumer discretionary sector, as well as interactive media and services companies from the information technology sector.{{cite web|url=https://www.msci.com/documents/1296102/1339060/GICS+Structure+Revisions+in+2018.pdf/8c297da5-8160-4c2b-98e1-36998f6d2117|title= Revisions to the Global Industry Classification Standard Structure in 2018|access-date=28 Dec 2018|format=pdf}}
In March 2023, several revisions were made. {{cite web|url=https://www.msci.com/documents/1296102/29559863/GICS_Structure_Change_Doc_31_March_2022.pdf/d2437e6d-9ae5-0bad-c758-9e2a5f917a69?t=1648760449996|title=REVISIONS TO THE GLOBAL INDUSTRY CLASSIFICATION STANDARD (GICS®) STRUCTURE EFFECTIVE MARCH, 2023|access-date=21 Mar 2023|format=pdf}}

References

Category:Industry classifications

Category:Financial markets

Global Industry Classification Standard

Classification

Revisions

See also

References