The North American Industry Classification System (NAICS) is a classification system to group businesses into similar industries for the primary purpose of tracking economic activity. NAICS is a way for U.S., Mexico, and Canada governmental agencies such as the U.S. Census Bureau to have standardized data to analyze economic activity. The NAICS code is a number between 2-6 digits. The shorter 2-digit codes are the broadly defined industry and become more specific as more numbers are added. Within NAICS, 20 primary two-digit NAICS code classifications are commonly referred to as sectors. Excel file of all sic codes to naics code#įor example, all Construction related businesses are under the NAICS two-digit code of 23.Īfter the sectors, there are 96 subcategories and 317 industry groups. You can identify subcategories by their three-digit codes and industries by their four-digit codes. Excel file of all sic codes to naics code#Ĭomparing financial performance against businesses in the same industry.Identifying whether a business can compete for government contracts.Helping businesses find potential customers that operate in specific industries.While it’s not uncommon for a business to have multiple codes, you will choose the NAICS closest to the primary business activity.īesides tracking economic activity, some other uses of NAICS codes include: You may be wondering, “What is my NAICS code?” To properly determine your primary NAICS code(s), you must work down the classification scheme to identify the best fit for your business.
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