North American Industry Classification System (NAICS) U.S. Census Bureau (2024)

Introduction to NAICS

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.

NAICS was developed under the auspices of the Office of Management and Budget (OMB), and adopted in 1997 to replace the Standard Industrial Classification (SIC) system. It was developed jointly by the U.S. Economic Classification Policy Committee (ECPC), Statistics Canada, and Mexico's Instituto Nacional de Estadistica y Geografia, to allow for a high level of comparability in business statistics among the North American countries.

This official U.S. Government Web site provides the latest information on plans for NAICS revisions, as well as access to various NAICS reference files and tools. Additional information on the background and development of NAICS is available in the section of this Web site.

North American Industry Classification System (NAICS) U.S. Census Bureau (2024)

FAQs

What is the use of the North American Industry Classification System NAICS your answer? ›

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.

What is the purpose of the US Census NAICS North American Industry Classification System Code? ›

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.

What is the North American industry classification system Quizlet? ›

NAICS (pronounced nakes) is a system for classifying North American business establishments. The system, developed jointly by the United States, Canada, and Mexico, provides a common industry classification system for the North American Free Trade Agreement (NAFTA) partners.

What is the NAICS code for any legal purpose? ›

541199 - All Other Legal Services.

How do you explain the NAICS code? ›

The NAICS is arranged in a hierarchical structure. The first two digits identify a major Economic Sector, the third digit designates an Economic Subsector, the fourth digit designates an Industry Group, and the fifth digit designates the NAICS Industry.

What is your 6 digit NAICS? ›

The North American Industry Classification System (NAICS) is used by the United States, Canada, and Mexico to classify businesses by industry. Each business is classified into a six-digit NAICS code number based on the majority of activity at the business.

Where can I find the NAIC code? ›

The NAIC code is a 5-digit number that can be found on your insurance card. Most of the time the NAIC is printed on your ID card, however it may not be labeled.

How important is NAICS? ›

Why do you Need a NAICS Code? A NAICS code is required for various purposes, including: Government reporting: NAICS codes are used by government agencies to collect and publish statistics about various industries, including economic and employment data.

What is the North American Industry Classification System NAICS code for this acquisition is 541990? ›

NAICS 541990 All Other Professional Scientific Technical Services.

What is the North American Industry Classification System NAICS code for this acquisition 541715? ›

541715 Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)

How do I identify the North American Industry Classification System Code NAICS? ›

To identify the NAICS Code being used for a specific company, visit the US Company Lookup Tool by NAICS.com. To identify the proper code for your company, use the NAICS SEARCH TOOLS to identify the code that best reflects your primary business activity (revenue producing activity.)

What is the purpose of the North American Industry Classification System NAICS and indicate what countries are part of the system? ›

It was developed jointly by USMCA member countries, i.e., the United States, Canada, and Mexico. NAICS provides uniformity and comparability of economic data and statistics for countries in the North American trade bloc.

What is the NAIC industry classification system? ›

NAICS uses a production-oriented conceptual framework to group establishments into industries based on the activity in which they are primarily engaged. Establishments using similar raw material inputs, similar capital equipment, and similar labor are classified in the same industry.

What is the North American Industry Classification System NAICS 1997? ›

In 1997 the North American Industrial Classification System (NAICS) was developed to replace the SIC code and is designed to be renewed/revised every 5 years. It was developed jointly by the U.S., Canada, and Mexico in order to provide new comparability in statistics about business activity across North America.

What is the North American Industry Classification System NAICS codes 31 33? ›

31-33 - Manufacturing.

What is the North American industry classification system for cleaning services? ›

This industry comprises establishments primarily engaged in the exterior cleaning of windows or in cleaning building interiors.

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