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How many SIC Codes are there? In the official U.S. Government SIC Code system, there are a total of 1,514 codes (included in the 2-digit, 3-digit, and 4-digit levels ...
- SIC Code 5149
There are 8,888 companies classified in this industry in the...
- Business Services, N.E.C
There are 130,243 companies classified in this industry in...
- Fabricated Metal Products
3499 - Fabricated Metal Products, Not Elsewhere Classified...
- Crops
0131 - Cotton 0132 - Tobacco 0133 - Sugarcane and Sugar...
- Heavy Construction, Except Building
1622 - Bridge, Tunnel, and Elevated Highway Construction...
- Chemicals and Allied Products
2843 - Surface Active Agents, Finishing Agents, Sulfonated...
- Nonclassifiable Establishments
Subcategories of SIC Code 99 Nonclassifiable Establishments...
- Coal Mining
1221 - Bituminous Coal and Lignite Surface Mining 1222 -...
- SIC Code 5149
Standard Industrial Classification. The Standard Industrial Classification (SIC) was a system for classifying industries by a four-digit code as a method of standardizing industry classification for statistical purposes across agencies. Established in the United States in 1937, it is used by government agencies to classify industry areas.
Sic CodeIndustry9995Non-Operating Establishments9721International Affairs8900Services-Services, NEC8888Foreign GovernmentsThe answer to this question depends on the agency, organization, database, or company. In the mid 1990s, there was a push from the US Government to embrace a new classification system called NAICS and shift away from the SIC Code system.
- Sic Code List Categories
- How Do You Read A Sic Code?
- How Do Businesses Use Sic Codes?
- How Does The Government Use Sic Codes?
Agriculture, forestry and fishing: 01-09Mining: 10-14Construction: 15-17Manufacturing: 20-394. Consider an example
1. Its division is agriculture, forestry and fishing, so it finds its two-digit code, which is 01 for crops. 2. The farmer finds its third digit is 7, falling in the "fruits and tree nuts" category. 3. Finally, the last digit is 1, for "berry crops," which is for establishments engaged in the production of cranberries, bush berries and strawberries.
Identify customers:An important responsibility of companies is to pay close attention to their customers in order to meet their needs and maintain their business. SIC codes can be a valuable piece...Create marketing campaigns: If businesses know the primary field of their customers, they can use this information to develop a target audience and create and implement a specific marketing campaig...Fill out tax forms:Businesses usually have financial or accounting departments to handle the plethora of legal regulations and documentation to stay in operation. Those in these roles can use SIC c...Recognize competition: By searching for other companies with similar SIC codes, organizations can understand both the type and number of businesses vying for the same customers. Being able to recog...Collect statistical data:Federal research agencies can use SIC codes to assess the nation's economic activity across spheres and collect important research data in a simple way. They can learn info...Organize governance:Governments can have many different departments and be very complex, as it takes a lot of disparate kinds of efforts to operate, guide and support society. SIC codes make it eas...Aid in tax classification:To fill out tax forms properly and fulfill tax obligations successfully, companies, agencies and individuals need to keep track of various financial history, legal informa...Conduct market regulation:The Security Exchange Commission is responsible for maintaining fair, organized and productive stock markets, protecting stakeholders and investors and regulating financia...Jul 28, 2024 · As a result, at the most defined levels, there are now more than 10,000 six-digit SIC codes, compared with 1,066 NAICS codes. U.S. companies now have both a SIC code and a NAICS code ...
- Elvis Picardo
The Standard Industrial Classification (SIC) was originally developed in the 1930’s to classify establishments by industry. The purpose of this task was to promote the comparability of establishment data to describe the US Economy. In the United States the SIC code is being supplanted by the six-digit North American Industry Classification ...
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What is Standard Industrial Classification (SIC)?
How did NAICS change the SIC code?
The structure of the Standard Industrial Classification (SIC) makes it possible to tabulate, analyze, and publish establishment data on a Division, a two-digit Major Group, a three-digit Industry Group, or a four-digit Industry Code basis, according to the level of industrial detail considered most appropriate.
