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SIC AND NAICS

  • Developed in the 1930s, the Standard Industrial Classification (SIC) code is a 4-digit scheme that organizes 1,004 industries. Some 400 of these are services.
  • Developed in 1997, the North American Industrial Classification System (NAICS), is a six-digit scheme that organizes 1,170 industries, of which 565 are services. Many of the NAICS industries emerged over the past 20 years.

For more information, see:
      
     

    What is the Difference Between SIC and NAICS Codes?

    • As industries developed over the 20th century, the invention of new products/services warranted the creation of a classification scheme that could be expanded easily.
    • The five digits of the NAICS system reflect this and future expansions. 
     

    Why are NAICS and SIC Codes Important?

    • SIC and NAICS Codes:
      • bring together disparate information on an industry under a common designation
      • provide researchers with designations for industries that can be used across cultures, languages, and geographical areas 
    • Government and private industry and financial sources arrange industry data under SIC or NAICS assigned to that industry.
    • To be able to find pertinent data, researchers must first identify the SIC or NAICS codes for an industry.
    • SIC and NAICS codes are like call numbers that are assigned to books in libraries or street numbers assigned to people's homes.

    Selected NAICS Codes

    • You will needs NAICS codes to search for industry data in the US Census and other sites.
    • 2012 NAICS Definition. 453220. Gift, Novelty, and Souvenir Stores.
      This industry comprises establishments primarily engaged in retailing new gifts, novelty merchandise, souvenirs, greeting cards, seasonal and holiday decorations, and curios.


      Illustrative Examples:

      Balloon shops
      Greeting card shops
      Christmas stores
      Novelty shops
      Curio shops
      Souvenir shops
      Gift shops
      Cross-References. Establishments primarily engaged in--
      Retailing gifts and novelties via electronic home shopping, mail-order, or direct sale--are classified in Subsector 454, Nonstore Retailers.
    • 2012 NAICS Definition. Sector 44-45--Retail Trade 45411. Electronic Shopping and Mail-Order Houses.
      Covers establishments primarily engaged in retailing all types of merchandise using non-store means, such as catalogs, toll free telephone numbers, or electronic media, such as interactive television or computer. Included in this industry are establishments primarily engaged in retailing from catalog showrooms of mail-order houses.

    Selected SIC Codes

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