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- It was developed to allow for a high level of comparability in business statistics among the three North American countries. NAICS is based on a production-oriented concept, meaning that it groups establishments into industries according to similarity in the processes used to produce goods or services.
www.census.gov/programs-surveys/economic-census/year/2022/guidance/understanding-naics.html
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Jun 2, 2023 · The new system provides five levels of classification (compared to four in SIC) in detailed codes that have a maximum of six digits (up from four in SIC) and detailed classifications called "U.S. Industry" (instead of "Industry" in the SIC).
Feb 12, 2024 · The North American Industry Classification System (NAICS) is the standard used by Federal statistical agencies in classifying business establishments for the purpose of collecting, analyzing, and publishing statistical data related to the U.S. business economy.
Discover the North American Industry Classification System for the United States (NAICS USA), designed to classify businesses by industry and support comparable data collection, analysis, and reporting for the U.S. economy. Learn about its structure and applications.
The North American Industry Classification System or NAICS (/ neɪks /) [1] is a classification of business establishments by type of economic activity (the process of production). It is used by governments and business in Canada, Mexico, and the United States of America.
Jul 25, 2023 · NAICS uses a six-digit hierarchical coding system to classify all economic activity into twenty industry sectors. Five sectors are mainly goods-producing sectors and fifteen are entirely services-providing sectors.
Mar 31, 2023 · The North American Industry Classification System (NAICS) is a business classification system developed through a partnership among the United States, Canada, and Mexico. This...
comparability, each country may add additional detailed industries, as necessary to meet national needs, provided that this additional detail aggregates to the NAICS level. The United States has adopted the revised classification in statistical programs for the reference year beginning in 2022.
