The Bureau of Economic Analysis - Bringing You Economic Data for Targeted Investments
Author(s): Bureau of Economic Analysis
Organizational Author(s): U.S. Department of Commerce, Economic Statistics Administration
The Bureau of Economic Analysis (BEA) is an agency of the U.S. Department of Commerce. Along with the Census Bureau and the Commerce Data Service, 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.
BEA is one of the world's leading statistical agencies. It collects source data, conducts research and analysis, develops and implements estimation methodologies, and disseminates statistics to the public.
In fact, 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.
Gross Domestic Product Data
The cornerstone of BEA's statistics is the National Income and Product Accounts (NIPAs), which feature the estimates of national gross domestic product (GDP) and related measures. BEA also publishes gross domestic product information for states and metropolitan areas.
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.
Regional Economic Accounts
The BEA Regional Economic Account Fact Sheets - or "BEARFacts" as they are often referred to - consists of computer-generated narrative profiles for states, counties, metropolitan statistical areas (MSAs), and BEA economic areas.
The narratives describe an area's personal income using current estimates, growth rates, and a breakdown of the sources of personal income.
BEA prepares national, regional, industry, and international accounts that present essential information on such key issues as economic growth, regional economic development, inter-industry relationships, and the nation's position in the world economy.
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