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NAICS versions are released every five years. With the first version, released in 1997, NAICS offered enhanced service sector coverage relative to the SIC. The 2002 revision accommodated significant changes in the Information Sector. The 2012 revision slightly reduced the number of industries and modified six sectors. [5]
The Standard Industrial Classification (SIC) is a system for classifying industries by a four-digit code as a method of standardizing industry classification for statistical purposes across agencies. Established in the United States in 1937, it is used by government agencies to classify industry areas.
NAICS North American Industry Classification System: Governments of the United States, Canada, and Mexico production/ establishment 6 digits 17/99/313/724/1175 (/19745) 1: 1997, 2002, 2012, 2017, 2022 RBICS FactSet Revere Business Industry Classification System FactSet, acquired in 2013 [6] line of business 11000 SIC Standard Industrial ...
SIC codes identify what a business does. Over time there have been several different SIC systems used in the UK, with versions published in 1958, 1968, 1980, 1992, 1997, 2003 and 2007. These taxonomies have been adapted to cope with the changes in UK industry, The 1980 system was far more detailed in manufacturing, while the 2007 system is much ...
The Global Industry Classification Standard (GICS) is an industry taxonomy developed in 1999 by MSCI and Standard & Poor's (S&P) for use by the global financial community. The GICS structure consists of 11 sectors, 25 industry groups, 74 industries and 163 sub-industries [1] into which S&P has categorized all major public companies.
NACE is similar in function to the SIC and NAICS systems: Standard Industrial Classification; North American Industry Classification System; a screenshot of NACE being used in a computer program. NACE uses four hierarchical levels: [3] Level 1: 21 sections identified by alphabetical letters A to U;
There are parallel category systems for industries used with SOC data, most commonly NAICS. Other countries have national occupational classification systems and the International Labour Organization, an agency of the United Nations, has developed the International Standard Classification of Occupations.
The program system id number is also retrieved and placed in the FRS database. FRS also stores the SIC and NAICS codes for facilities that are collected by the various program and state collections. FRS now offers a complete query result from either a SIC value or NAICS value.