What Does NAICS Stand For?
NAICS stands for North American Industrial Classification System
The North American Industrial Classification System (NAICS) is a standardized framework used to categorize and classify business establishments based on their primary economic activity. Developed jointly by the United States, Canada, and Mexico, NAICS facilitates the collection, analysis, and dissemination of statistical data related to the economy, promoting greater comparability of economic information across North America. By assigning unique codes to various industries, NAICS supports research, policymaking, and business planning activities.
Added on 14th April 2008 | Last edited on 16th June 2025 | Edit Acronym