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.