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 [1] 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. [2] [3]
The classification is as follows: [1]
| Sector | Industry Group | Industry | Sub-Industry | ||||
|---|---|---|---|---|---|---|---|
| 10 | Energy | 1010 | Energy | 101010 | Energy Equipment & Services | 10101010 | Oil & Gas Drilling |
| 10101020 | Oil & Gas Equipment & Services | ||||||
| 101020 | 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 | ||||||
| 15 | Materials | 1510 | Materials | 151010 | Chemicals | 15101010 | Commodity Chemicals |
| 15101020 | Diversified Chemicals | ||||||
| 15101030 | Fertilizers & Agricultural Chemicals | ||||||
| 15101040 | Industrial Gases | ||||||
| 15101050 | Specialty Chemicals | ||||||
| 151020 | Construction Materials | 15102010 | Construction Materials | ||||
| 151030 | Containers & Packaging | 15103010 | Metal, Glass & Plastic Containers | ||||
| 15103020 | Paper & Plastic Packaging Products & Materials | ||||||
| 151040 | Metals & Mining | 15104010 | Aluminum | ||||
| 15104020 | Diversified Metals & Mining | ||||||
| 15104025 | Copper | ||||||
| 15104030 | Gold | ||||||
| 15104040 | Precious Metals & Minerals | ||||||
| 15104045 | Silver | ||||||
| 15104050 | Steel | ||||||
| 151050 | Paper & Forest Products | 15105010 | Forest Products | ||||
| 15105020 | Paper Products | ||||||
| 20 | Industrials | 2010 | Capital Goods | 201010 | Aerospace & Defense | 20101010 | Aerospace & Defense |
| 201020 | Building Products | 20102010 | Building Products | ||||
| 201030 | Construction & Engineering | 20103010 | Construction & Engineering | ||||
| 201040 | Electrical Equipment | 20104010 | Electrical Components & Equipment | ||||
| 20104020 | Heavy Electrical Equipment | ||||||
| 201050 | Industrial Conglomerates | 20105010 | Industrial Conglomerates | ||||
| 201060 | Machinery | 20106010 | Construction Machinery & Heavy Transportation Equipment | ||||
| 20106015 | Agricultural & Farm Machinery | ||||||
| 20106020 | Industrial Machinery & Supplies & Components | ||||||
| 201070 | Trading Companies & Distributors | 20107010 | Trading Companies & Distributors | ||||
| 2020 | Commercial & Professional Services | 202010 | Commercial Services & Supplies | 20201010 | Commercial Printing | ||
| 20201050 | Environmental & Facilities Services | ||||||
| 20201060 | Office Services & Supplies | ||||||
| 20201070 | Diversified Support Services | ||||||
| 20201080 | Security & Alarm Services | ||||||
| 202020 | Professional Services | 20202010 | Human Resource & Employment Services | ||||
| 20202020 | Research & Consulting Services | ||||||
| 20202030 | Data Processing & Outsourced Services | ||||||
| 2030 | Transportation | 203010 | Air Freight & Logistics | 20301010 | Air Freight & Logistics | ||
| 203020 | Passenger Airlines | 20302010 | Passenger Airlines | ||||
| 203030 | Marine Transportation | 20303010 | Marine Transportation | ||||
| 203040 | Ground Transportation | 20304010 | Rail Transportation | ||||
| 20304030 | Cargo Ground Transportation | ||||||
| 20304040 | Passenger Ground Transportation | ||||||
| 203050 | Transportation Infrastructure | 20305010 | Airport Services | ||||
| 20305020 | Highways & Railtracks | ||||||
| 20305030 | Marine Ports & Services | ||||||
| 25 | Consumer Discretionary | 2510 | Automobiles & Components | 251010 | Automobile Components | 25101010 | Automotive Parts & Equipment |
| 25101020 | Tires & Rubber | ||||||
| 251020 | Automobiles | 25102010 | Automobile Manufacturers | ||||
| 25102020 | Motorcycle Manufacturers | ||||||
| 2520 | Consumer Durables & Apparel | 252010 | Household Durables | 25201010 | Consumer Electronics | ||
| 25201020 | Home Furnishings | ||||||
| 25201030 | Homebuilding | ||||||
| 25201040 | Household Appliances | ||||||
| 25201050 | Housewares & Specialties | ||||||
| 252020 | Leisure Products | 25202010 | Leisure Products | ||||
| 252030 | Textiles, Apparel & Luxury Goods | 25203010 | Apparel, Accessories & Luxury Goods | ||||
| 25203020 | Footwear | ||||||
| 25203030 | Textiles | ||||||
| 2530 | Consumer Services | 253010 | Hotels, Restaurants & Leisure | 25301010 | Casinos & Gaming | ||
| 25301020 | Hotels, Resorts & Cruise Lines | ||||||
| 25301030 | Leisure Facilities | ||||||
| 25301040 | Restaurants | ||||||
| 253020 | Diversified Consumer Services | 25302010 | Education Services | ||||
| 25302020 | Specialized Consumer Services | ||||||
| 2550 | Consumer Discretionary Distribution & Retail | 255010 | Distributors | 25501010 | Distributors | ||
| 255030 | Broadline Retail | 25503030 | Broadline Retail | ||||
| 255040 | Specialty Retail | 25504010 | Apparel Retail | ||||
| 25504020 | Computer & Electronics Retail | ||||||
| 25504030 | Home Improvement Retail | ||||||
| 25504040 | Other Specialty Retail | ||||||
| 25504050 | Automotive Retail | ||||||
| 25504060 | Homefurnishing Retail | ||||||
| 30 | Consumer Staples | 3010 | Consumer Staples Distribution & Retail | 301010 | Consumer Staples Distribution & Retail | 30101010 | Drug Retail |
| 30101020 | Food Distributors | ||||||
| 30101030 | Food Retail | ||||||
| 30101040 | Consumer Staples Merchandise Retail | ||||||
| 3020 | Food, Beverage & Tobacco | 302010 | Beverages | 30201010 | Brewers | ||
| 30201020 | Distillers & Vintners | ||||||
| 30201030 | Soft Drinks & Non-alcoholic Beverages | ||||||
| 302020 | Food Products | 30202010 | Agricultural Products & Services | ||||
| 30202030 | Packaged Foods & Meats | ||||||
| 302030 | Tobacco | 30203010 | Tobacco | ||||
| 3030 | Household & Personal Products | 303010 | Household Products | 30301010 | Household Products | ||
| 303020 | Personal Care Products | 30302010 | Personal Care Products | ||||
| 35 | Health Care | 3510 | Health Care Equipment & Services | 351010 | Health Care Equipment & Supplies | 35101010 | Health Care Equipment |
| 35101020 | Health Care Supplies | ||||||
| 351020 | 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 | ||||
| 3520 | Pharmaceuticals, Biotechnology & Life Sciences | 352010 | Biotechnology | 35201010 | Biotechnology | ||
| 352020 | Pharmaceuticals | 35202010 | Pharmaceuticals | ||||
| 352030 | Life Sciences Tools & Services | 35203010 | Life Sciences Tools & Services | ||||
| 40 | Financials | 4010 | Banks | 401010 | Banks | 40101010 | Diversified Banks |
| 40101015 | Regional Banks | ||||||
| 4020 | Financial Services | 402010 | 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 | ||||
| 402030 | 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 | ||||
| 4030 | Insurance | 403010 | Insurance | 40301010 | Insurance Brokers | ||
| 40301020 | Life & Health Insurance | ||||||
| 40301030 | Multi-line Insurance | ||||||
| 40301040 | Property & Casualty Insurance | ||||||
| 40301050 | Reinsurance | ||||||
| 45 | Information Technology | 4510 | Software & Services | ||||
| 451020 | IT Services | 45102010 | IT Consulting & Other Services | ||||
| 45102030 | Internet Services & Infrastructure | ||||||
| 451030 | Software | 45103010 | Application Software | ||||
| 45103020 | Systems Software | ||||||
| 4520 | Technology Hardware & Equipment | 452010 | Communications Equipment | 45201020 | Communications Equipment | ||
| 452020 | Technology Hardware, Storage & Peripherals | 45202030 | Technology Hardware, Storage & Peripherals | ||||
| 452030 | Electronic Equipment, Instruments & Components | 45203010 | Electronic Equipment & Instruments | ||||
| 45203015 | Electronic Components | ||||||
| 45203020 | Electronic Manufacturing Services | ||||||
| 45203030 | Technology Distributors | ||||||
| 4530 | Semiconductors & Semiconductor Equipment | 453010 | Semiconductors & Semiconductor Equipment | 45301010 | Semiconductor Materials & Equipment | ||
| 45301020 | Semiconductors | ||||||
| 50 | Communication Services | 5010 | Telecommunication Services | 501010 | Diversified Telecommunication Services | 50101010 | Alternative Carriers |
| 50101020 | Integrated Telecommunication Services | ||||||
| 501020 | Wireless Telecommunication Services | 50102010 | Wireless Telecommunication Services | ||||
| 5020 | Media & Entertainment | 502010 | Media | 50201010 | Advertising | ||
| 50201020 | Broadcasting | ||||||
| 50201030 | Cable & Satellite | ||||||
| 50201040 | Publishing | ||||||
| 502020 | Entertainment | 50202010 | Movies & Entertainment | ||||
| 50202020 | Interactive Home Entertainment | ||||||
| 502030 | Interactive Media & Services | 50203010 | Interactive Media & Services | ||||
| 55 | Utilities | 5510 | 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 | ||||
| 551050 | Independent Power and Renewable Electricity Producers | 55105010 | Independent Power Producers & Energy Traders | ||||
| 55105020 | Renewable Electricity | ||||||
| 60 | Real Estate | 6010 | 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 | ||||
| 601060 | Residential REITs | 60106010 | Multi-Family Residential REITs | ||||
| 60106020 | Single-Family Residential REITs | ||||||
| 601070 | Retail REITs | 60107010 | Retail REITs | ||||
| 601080 | Specialized REITs | 60108010 | Other Specialized REITs | ||||
| 60108020 | Self-Storage REITs | ||||||
| 60108030 | Telecom Tower REITs | ||||||
| 60108040 | Timber REITs | ||||||
| 60108050 | Data Center REITs | ||||||
| 6020 | Real Estate Management & Development | 602010 | 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.
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. [4] Since 1999, there have been two revisions at the sector level:
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