Th is appendix provides all of the classifi cation codes

used in the GFS framework.

A8.1 Classifi cation codes are used in the GFS sys-

tem to identify types of transactions, other economic

fl ows, and stock positions of assets and liabilities. Th is

appendix presents in one place all of the codes that

were presented in Chapters 5 through 10. Th e overall

organization of the codes is shown in Figure A8.1.

A8.2 Codes beginning with 1 refer to revenue;

codes beginning with 2 refer to expense; and codes

beginning with 3 refer to transactions in nonfi nancial

assets, fi nancial assets, and liabilities. For fi nancial as-

sets and liabilities, the code 3 signifi es transactions

that have been classifi ed by fi nancial instrument.

A8.3 Th e fi rst digit of the classifi cation code for a

specifi c type of other economic fl ow is 4 or 5: codes

beginning with 4 refer to holding gains and losses,

while codes beginning with 5 refer to other changes

in the volume of assets and liabilities. Th e fi rst digit

for total other economic fl ows is 9. For a stock posi-

tion in a type of asset or liability, the fi rst digit of the

classifi cation code is 6.

A8.4 Codes for transactions, other economic

fl ows, and stock positions in assets and liabilities also

identify types of assets and liabilities. Hence, the sec-

ond and subsequent digits of each code are identical

for each type of asset or liability. Th at is, 311 refers

to transactions in fi xed assets, 411 to holding gains

in fi xed assets, 511 to other changes in the volume of

fi xed assets, 911 to total other economic fl ows in fi xed

assets, and 611 to the stock position of fi xed assets.

A8.5 Expense transactions and transactions in non-

fi nancial assets (i.e., expenditure) can also be classifi ed

using the Classifi cation of Functions of Government

(COFOG), as described in the annex to Chapter 6. All

COFOG classifi cation codes begin with 7.

A8.6 Transactions and stock positions in fi nan-

cial assets and liabilities can be classifi ed according

to the residence and institutional sector of the other

party to the fi nancial instrument, as well as according

to the type of fi nancial instrument. When classifi ed

by residence and institutional sector of the counter-

party, the classifi cation codes for transactions begin

with 8 and the classifi cation codes for stock positions

begin with 68. Th e counterparty to the transactions

is not necessarily the same as the counterparty to

the stock positions. While the parties are the same

at the inception of the instrument, they may diff er

for transactions in that instrument. As explained

in paragraph 9.25, in principle, the classifi cation of

general government units’ transactions in fi nancial

assets and liabilities by residence is based on the

residence of the units that were a party to the trans-

action being recorded, whereas the classifi cation of

stock positions in fi nancial assets and liabilities in

a government unit’s balance sheet is based on the

residence of the issuer of fi nancial instruments (as-

sets), and the residence of the holder of the fi nancial

instruments (liabilities). If a transaction in fi nancial

assets or liabilities is between a resident and a non-

resident unit that involves an instrument originally

issued by a resident, an entry in other changes in

the volume of assets (reclassifi cation) is recorded to

maintain the integrated GFS framework of fl ows and

stock positions.

A8.7 In this appendix, the classifi cation codes are

presented in Tables A8.1–A8.6, which illustrate the

standard presentation of these items in GFS. I n prac-

tical applications, this standard presentation could

be used to select subsets of data for various presen-

tational formats. It may also be possible and desirable

to use more detailed classifi cations. Such an expan-

sion can be accomplished by adding another digit to

any given classifi cation code. For example, the clas-

sifi cation code for the stock of transport equipment

is 61121. If types of transport equipment were to be

classifi ed separately, the codes 611211, 611212, and so

forth could be used.

8. GFS Classifi cations.

8

APPENDIX