Learn about a new Bureau of Economic Analysis (BEA) project to measure economic growth in each of the nation's over 3,000 counties during a webinar on December 13, 2018 at 2:00 PM Eastern.
The National Association of Business Economists (NABE) is offering this public webinar to share information about the Gross Domestic Product (GDP) BEA data.
Hear about topline results from prototype statistics in BEA's regional products, including how the BEA developed this project, and how the statistics can benefit businesses, economic developers, and other users. Attendees may register using the link below.
NABE BEA Webinar: GDP by County
Thursday, December 13, 2018
2:00 PM Eastern Time
BEA's Role in the Federal Statistical System
BEA is an agency of the Department of Commerce. Along with the Census Bureau, BEA is part of the Department's Economics and Statistics Administration (ESA).
BEA produces economic accounts statistics that enable government and business decision-makers, researchers, and the American public to follow and understand the performance of the Nation's economy. To do this, BEA collects source data, conducts research and analysis, develops and implements estimation methodologies, and disseminates statistics to the public.
The cornerstone of BEA's statistics is the national income and product accounts (NIPAs), which feature the estimates of gross domestic product (GDP) and related measures.
The GDP was recognized by the Department of Commerce as its greatest achievement of the 20th century and has been ranked as one of the three most influential measures that affect U.S. financial markets.
Since the NIPAs were first developed in the
aftermath of the Great Depression, BEA has developed and extended its estimates
to cover a wide range of economic activities.
BEA is one of the world's leading statistical agencies. Although it is a relatively small agency, BEA produces some of the most closely watched economic statistics that influence the decisions made by government officials, business people, households, and individuals.
BEA's economic statistics, which provide a comprehensive, up-to-date picture of the U.S. economy, are key ingredients in critical decisions affecting monetary policy, tax and budget projections, and business investment plans.