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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. It has largely replaced the older Standard Industrial Classification ...
In the 1930s, the government needed standardized and meaningful methods to measure, analyze and share data across its various agencies. Thus, the Standard Industrial Classification system was born. SIC codes are four-digit numerical representations of major businesses and industries. SIC codes are assigned based on common characteristics shared ...
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.
Industry classification or industry taxonomy is a type of economic taxonomy that classifies companies, organizations and traders into industrial groupings based on similar production processes, similar products, or similar behavior in financial markets. National and international statistical agencies use various industry-classification schemes ...
Level 3: 272 groups identified by three-digit numerical codes (01.1 to 99.0); Level 4: 615 classes identified by four-digit numerical codes (01.11 to 99.00). The first four digits of the code, which is the first four levels of the classification system, are the same in all European countries. National implementations may introduce additional ...
The North American Product Classification System (NAPCS) is a classification system used by Canada, Mexico, and the United States to classify products produced by industries in those countries. It was scheduled to be implemented from 2007 onwards. NAPCS is a multi-phase effort by Canada, Mexico, and the United States to develop a comprehensive ...
However, to reflect the evolving nature of the economy, the NAICS is updated every five years. Therefore, when comparing different censuses, a particular NAICS basis is usually specified. The following data are based on a comparison of the 2007 and 2002 censuses using the 2002 NAICS basis and an older comparison of the 1997 and 2002 censuses ...
NAICS 11. NAICS sector 11 (abbreviated to NAICS 11) is a sub-classification of economic activity that covers agriculture, forestry, fishing and hunting in the North American Industry Classification System (NAICS) system in Canada, the United States and Mexico . The Agriculture, Forestry, Fishing and Hunting sector comprises establishments ...