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Sourcing and Methodology
Sourcing and Methodology FAQs
Sourcing and Methodology FAQs

Get answers to common questions about IBISWorld’s sourcing and methodology.

Updated over a week ago

Are historical and forecast revenue adjusted for inflation? Are the figures real or nominal?

Are historical and forecast revenue adjusted for inflation? Are the figures real or nominal?

All historical and forecast dollar figures in the Performance and Key Statistics chapters of Industry Reports are real values adjusted for inflation using the current year (i.e., year published) as the base year. Adjusting values for inflation removes the impact of changes in the purchasing power of the dollar, leaving only the "real" growth or decline in industry metrics.

How is profit calculated?

Proft is calculated as Earnings Before Interest and Taxes (EBIT) for the current year.

How is profit margin calculated?

Profit margin is calculated as Profit/Revenue x 100.

Where is industry revenue data sourced from?

We source key statistics and industry revenue data from each country’s national statistics agency:

Country

Primary data source (industry revenue)

United States

US Economic Census

Canada

Statistics Canada

Australia

Australian Bureau of Statistics

New Zealand

Statistics New Zealand

United Kingdom

ONS Annual Business Survey

Ireland

Central Statistics Office

Germany

Statistisches Bundesamt

Europe

Eurostat

China

National Bureau of Statistics of China

What months are included in the current year revenue data?

We calculate current year revenue for the entire year using a combination of forecasts and current year ratios. Our current year data reflects the local market’s financial year.

Are Canadian dollar figures in USD or CAD?

Dollar figures in Canada Industry Reports are in Canadian Dollars (CAD). In some cases, we need to convert US Dollars (USD) to CAD—we use the most current exchange rate at the time of update.

What’s the difference between a sector and an industry?

Sectors and industries are defined based on each countries standard industry classification systems such as the North American Industry Classification System (NAICS) or the International Standard Industrial Classification (ISIC). Sectors represent broad groupings of related economic activities, while industries represent specific subsets within sectors based on similarities in products and services.

What’s included in “Other costs” in the Cost Structure section and where are they sourced from?

Here is a list of all costs associated to “Other costs”:

  • Repair and Maintenance

  • IT services and related spend

  • Insurance

  • Distribution & Warehousing

  • Research and Development

  • Franchise fees and Royalties

  • Professional Services

  • Temporary employees

  • Waste Management

  • Telecommunications

  • Vehicle Costs

We primarily source “Other Costs” for US Industry Reports from the IRS.

For any additional questions regarding sourcing and methodology, please reach out to your Client Relationship Manager. If you’re not an IBISWorld member, please contact us to learn more about our membership options.

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