What Does SIC Stand For?

SIC stands for Std Industrial Code

The Standard Industrial Code (SIC) is a system used to classify industries by a four-digit code. Developed in the United States, the SIC is designed to facilitate the collection, analysis, and comparison of statistical data related to various economic sectors. It serves as a framework for government agencies and businesses to identify and analyze industry trends, economic performance, and regulatory compliance. Although it has been largely replaced by the North American Industry Classification System (NAICS), SIC codes are still used for various purposes in economic research and reporting.

Other Meanings for SIC