OMB proposes 2027 updates to North American Industry Classification System to include AI-related industries

The Office of Management and Budget (OMB) has issued a request for public comments on proposed updates to the North American Industry Classification System (NAICS) for 2027. The updates are intended to clarify existing industry definitions, recognize new and emerging industries, and combine industries where appropriate.

The proposed revisions are based on recommendations from the Economic Classification Policy Committee (ECPC), which advises the OMB on economic classification matters. The ECPC's recommendations include a focus on recognizing industries that have emerged or evolved since the last major update, including those tied to artificial intelligence.

The proposal is divided into two parts within the supplementary information section. Part I provides background on the proposed 2027 revisions to NAICS 2022, while Part II summarizes public comments received on priorities for changes and the rationale behind the ECPC's recommendations. It also includes a comprehensive listing of proposed changes for U.S. industries and their links to existing NAICS 2022 industries.

The OMB's request for comments is part of a routine process to ensure the NAICS remains relevant and reflective of the current economic landscape. The NAICS is used by federal statistical agencies to classify business establishments for data collection and analysis, and updates are made periodically to reflect changes in the economy.