North American Industry Classification System (NAICS)

The North American Industry Classification System (NAICS) is a standardized method used by businesses and governments in the U.S., Canada, and Mexico to categorize industries based on the primary activities or products they produce. It helps to organize, analyze, and compare economic data across different sectors, making it easier for policymakers, researchers, and companies to understand industry trends, allocate resources, and make informed decisions. NAICS codes are numerical identifiers assigned to each industry, providing a common language for economic reporting and analysis.