What Does NAICS Stand For?
NAICS stands for North American Industry Classification System
The North American Industry Classification System (NAICS) is a standardized method used to classify business establishments by the type of economic activity they engage in. Developed jointly by the United States, Canada, and Mexico, NAICS provides a systematic framework for collecting, analyzing, and disseminating data related to economic activities in North America. It enhances economic analysis, facilitates trade comparisons, and supports policy formation by offering a detailed classification structure for industries across various sectors.
Added on 14th April 2008 | Last edited on 16th June 2025 | Edit Acronym