Implementation of NAICS: North American Industry Classification System TM NAICS
What is NAICS?
Concept: Group establishments by production processes
Established in 1997
Developed in cooperation with our NAFTA partners, Canada and Mexico
New Industry Classification System
Why Develop NAICS?
Developed in the 1930s
Emphasized manufacturing, not growing service and high tech industries
Revisions made little change to the original structure
Last revised in 1987
How Does NAICS Differ from SIC?
Based on the “production function” concept
Emphasizes new and emerging industries, high-technology industries, and service industries
Provides for comparability with Canada and Mexico
Will be regularly maintained, current plans are for revisions every 5 years: 2002, 2007, etc.
20 sectors (21 counting Unclassified) 1.198 Industries (US) 175 more than under SIC system 6-digit numbering system What is the NAICS Structure?
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 & Rental & Leasing NAICS Sectors
54 Professional, Scientific & Technical Services 55 Management of Companies and Enterprises 56 Administrative & Support & Waste Management & Remediation Services 61 Educational Services 62 Health Care & Social Assistance 71 Arts, Entertainment, & Recreation 72 Accommodation & Food Services 81 Other Services (except public administration) 92 Public Administration 99 Unclassified NAICS Sectors
NAICS Alternate Aggregation Tree
NAICS/SIC Structure NAICS 2-digit Sector 3-digit Subsector 4-digit Industry Group 5-digit NAICS Industry 6-digit U.S. Industry SIC Division Letter 2-digit Major Group 3-digit Industry Group 4-digit Industry
NAICS Structure As with SIC, more digits = more detail Code 72 721 7211 72119 721191 Title Accommodation & Food Services Accommodation Traveler Accommodation Other Traveler Accommodation Bed-and-Breakfast Inns
Number of codes: 6 digit - 1,198 5 digit - 725 4 digit - 314 3 digit - 98 2 digit - 24 Super Sector 11 ` NAICS - North American Industry Classification System