The 2009 Philippine Classification of Individual Consumption According to Purpose (PCOICOP) is the first standard classification of individual consumption expenditures in the country.
The 2009 PCOICOP was patterned after the 1999 Classification of Individual Consumption According to Purpose (COICOP) developed by the United Nations Statistics Division (UNSD) and serves as one of the functional classification systems in the 1993 and 2008 System of National Accounts (SNA) recommended by the United Nations.
The 1999 COICOP identifies the individual consumption expenditures incurred by the three institutional sectors, namely: (a) households; (b) non-profit institutions serving households; and (c) government. In the preparation of the 1999 COICOP, the OECD consulted regularly with the Statistical Office of the European Communities (Eurostat), the UNSD and the national statistical agencies of its Member countries. The final version of COICOP which was prepared by the OECD Statistics Directorate and by the UNSD was submitted to the United Nations Statistical Commission for approval at its thirtieth session in March 1999. Read more...
Note: Information are derived from the 2009 PCOICOP.