BPS Updates Indonesian Business Classification System

Inclusion of New Economy Sectors

The Indonesian Central Statistics Agency (BPS) has released an updated version of the Indonesian Standard Industrial Classification (KBLI), incorporating new economic activities such as content creation and cryptocurrency-related businesses. This update follows the United Nations' International Standard Industrial Classification (ISIC) guidelines, ensuring Indonesia's data remains internationally comparable.

Key Changes and Implications

The updated KBLI includes:

• Digital content creation as a recognized business activity
• Cryptocurrency and related services now classified under financial activities
• Enhanced classification for emerging technology sectors

BPS Head, Amalia Adininggar Widyasanti, stated that the standardized classification will enable better economic analysis, policy formulation, and business licensing processes. The update is part of a regular revision cycle that occurs every five years, with the previous update being KBLI 2020.

Significance for Economic Analysis

The new classification system will:

1. Improve statistical accuracy for emerging sectors
2. Enhance policy-making through more precise data
3. Support business registration and licensing processes
4. Maintain international comparability of Indonesian economic data

This update reflects Indonesia's commitment to adapting its statistical framework to the evolving digital economy landscape.