Bureau of Economic Analysis
Logo of the United States Bureau of Economic Analysis, a part of the Department of Commerce.
|Formed||January 1, 1972|
|Headquarters||Washington, D.C., U.S.|
|Annual budget||$96.5 million (2013)|
|Parent agency||Economics and Statistics Administration|
The Bureau of Economic Analysis (BEA) of the United States Department of Commerce is a U.S. government agency that provides official macroeconomic and industry statistics, most notably reports about the gross domestic product (GDP) of the United States and its various units—states, cities/towns/townships/villages/counties and metropolitan areas. They also provide information about personal income, corporate profits, and government spending in their National Income and Product Accounts (NIPAs).
Established in 1972 under the administration of 37th President Richard M. Nixon after a government agencies reorganization and reshuffling from older previous bureaus, the BEA is part of the Economics and Statistics Administration in the presidential cabinet level United States Department of Commerce and is one of the principal agencies of the U.S. Federal Statistical System. Its stated mission is to "promote a better understanding of the U.S. economy by providing the most timely, relevant, and accurate economic data in an objective and cost-effective manner".
BEA has about 500 employees and an annual budget of approximately $96.5 million.
The National Income and Product Accounts (NIPAs) provide information about personal income, corporate profits, government spending, fixed assets, and changes in the net worth of the U.S. Economy.
There are quarterly and annual reports for "GDP by Industry Accounts", designed for analysis of a specific industry's contribution to overall economic growth and inflation.
- Title 15 of the Code of Federal Regulations
- Bureau of the Census
- Bureau of Labor Statistics
- Consumer Leverage Ratio
- Bureau of Economic Analysis regions
- Survey of Current Business, the monthly publication of the BEA that includes their official statistics
- "U.S. Economy at a Glance". Bureau of Economic Analysis. Retrieved 13 March 2015.
- "BEA: Mission, Vision, and Values". Bureau of Economic Analysis. Retrieved 2008-06-29.
- Statistical Programs of the United States Government. Office of Management and Budget. November 26, 2012. Pages 5 and 92.
- U.S. Bureau of Economic Analysis (BEA). "BEA Economic Accounts" (PDF). 6/21/2016.
- U.S. Bureau of Economic Analysis. "Measuring the Economy. Primer on GDP and the National Income and Product Accounts" (PDF). December 2015.
- Official website
- Bureau of Economic Analysis in the Federal Register
- Brief history of Bureau of Economic Analysis
- BEA Data Application Programming Interface (API)
- Measuring the Economy from the BEA has information about what GDP is, and brief summaries about the summaries created by the BEA.
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