The Instituto Nacional de Estadística y Geografía (INEGI) of Mexico, Statistics Canada, and the
United States Office of Management and Budget, through its Economic Classification Policy
Committee, have jointly updated the system of classification of economic activities that makes the
industrial statistics produced in the three countries comparable. The North American Industry
Classification System (NAICS) revision for 2022 is scheduled to go into effect for reference year
2022 in Canada and the United States, and 2023 in Mexico. NAICS was originally developed to
provide a consistent framework for the collection, analysis, and dissemination of industrial statistics
used by government policy analysts, by academics and researchers, by the business community, and
by the public. Revisions for 2022 were made to account for our rapidly changing economies.