Bureau of Economic Analysis

Bureau of Economic Analysis

Agency overview
Formed	January 1, 1972
Preceding agency	Office of Business Economics
Headquarters	Washington, D.C.
Employees	500
Annual budget	$96.5 million (2013)
Agency executive	Director, Brian C. Moyer
Parent agency	Economics and Statistics Administration
Website	www.bea.gov

The Bureau of Economic Analysis (BEA) is a U.S. government agency that provides official macroeconomic and industry statistics, most notably reports about the gross domestic product of the United States. They also provide information about personal income, corporate profits, and government spending in their National Income and Product Accounts (NIPAs).

BEA is part of the United States Department of Commerce and is one of the principal agencies of the U.S. Federal Statistical System.^[1] 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".^[2]

BEA has about 500 employees and an annual budget of approximately $96.5 million.^[3]

National Accounts

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.^[4]

The accounts also include other approaches and methods of measuring income and spending, such as the Gross Domestic Income (GDI) and Gross National Income (GNI).^[5]

Industry Accounts

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.

See also

• 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

References

External links

• 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.

Agencies under the United States Department of Commerce
Headquarters: Herbert C. Hoover Building Wilbur Ross, Secretary of Commerce Vacant, Deputy Secretary of Commerce
Deputy Secretary of Commerce	Economic Development Administration National Technical Information Service Minority Business Development Agency National Telecommunications and Information Administration
Under Secretary of Commerce for Industry and Security	Bureau of Industry and Security
Under Secretary of Commerce for Economic Affairs	Economics and Statistics Administration Bureau of Economic Analysis Census Bureau
Under Secretary of Commerce for International Trade	International Trade Administration
Under Secretary of Commerce and Administrator for NOAA	National Oceanic and Atmospheric Administration National Oceanic and Atmospheric Administration Commissioned Corps
Under Secretary of Commerce for Standards and Technology	National Institute of Standards and Technology
Under Secretary of Commerce for Intellectual Property	Patent and Trademark Office