The Bureau of Economic Analysis (BEA) promotes a better understanding of the U.S. economy by providing the most timely, relevant, and accurate economic accounts data in an objective and cost-effective manner.
he Office of Industries answers these questions by providing industry and issue expertise to the President, Congress, and federal agencies. Industry experts and economists offer qualitative and quantitative analysis of some of the most timely and crucial questions involving international trade and its place in the modern economy.
Workplaces (establishments) are classified into industries based on their principal product or activity, as determined from information on annual sales volume.
he North American Industry Classification System (NAICS) is the standard used by Federal statistical agencies in classifying business establishments for the purpose of collecting, analyzing, and publishing statistical data related to the U.S. business economy. NAICS was developed under the auspices of the Office of Management and Budget (OMB), and adopted in 1997 to replace the Standard Industrial Classification (SIC) system.
In the United States the SIC code is being supplanted by the six-digit North American Industry Classification System (NAICS code), which was released in 1997; however certain government departments and agencies, such as the U.S. Securities and Exchange Commission (SEC), still use the SIC codes.
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