NAICS

From Wikipedia, the free encyclopedia

NAICS (pronounced nakes), is the North American Industry Classification System. NAICS is used by business and government to classify and measure economic activity in Canada, Mexico and the United States. It is in the process of replacing the older Standard Industrial Classification (SIC) codes; however certain government departments and agencies, such as the U.S. Securities and Exchange Commission (SEC), still use the SIC codes.

The NAICS numbering system is a six-digit code. The first five digits are generally (although not always strictly) the same in all three countries. The last digit designates national industries. The first two digits designate the largest business sector, the third digit designates the subsector, the fourth digit designates the industry group, and the fifth digit designates particular industries.

The system is designed to be somewhat compatible with the United Nations Statistical Office's International Standard Industrial Classification System (ISIC). Work began on NAICS in the U.S. in 1992, when the Office of Management and Budget (OMB) formed the Economic Classification Policy Committee (ECPC), staffed by the Bureau of Economic Analysis (BEA), the Bureau of Labor Statistics (BLS), and the Census Bureau. NAICS takes into account the huge economic change towards service businesses. The first version is NAICS 1997. The next revision is in 2007, toward NAPCS.

1 U.S. NAICS Example
2 NAICS 2002 Sectors
3 Bibliography
4 See also
5 External links
6 Analogies in other countries

[edit] U.S. NAICS Example

Sector	33	Manufacturing
Subsector	339	Miscellaneous Manufacturing
Industry Group	3399	Other Miscellaneous Manufacturing
Industry	33994	Office Supplies (except Paper) Manufacturing
U. S. Industry	339941	Pen and Mechanical Pencil Manufacturing

[edit] NAICS 2002 Sectors

11	Agriculture, Forestry, Fishing and Hunting
21	Mining
22	Utilities
23	Construction
31-33	Manufacturing
42	Wholesale Trade
44-45	Retail Trade
48-49	Transportation and Warehousing
51	Information
52	Finance and Insurance
53	Real Estate and Rental and Leasing
54	Professional, Scientific, and Technical Services
55	Management of Companies and Enterprises
56	Administrative and Support and Waste Management and Remediation Services
61	Education Services
62	Health Care and Social Assistance
71	Arts, Entertainment, and Recreation
72	Accommodation and Food Services
81	Other Services (except Public Administration)
92	Public Administration

[edit] Bibliography

North American Industry Classification System (NAICS): Executive Office of the President Office of Management and Budget; Jist Works; (January 1999); ISBN 1-56370-537-0
Harris' Complete Guide to NAICS by Scott M. Vogel; Harris Infosource; (September 19, 2001); ISBN 1-55600-922-4
NAICS Desk Reference, Jist Works, U. S. Census Bureau; JIST Publishing; (July 2000); ISBN 1-56370-694-6

Motorcycle dealers 441221