Bureau of Economic Analysis

Type: Government Agency
On the web: http://www.bea.gov/index.htm

This must be a number cruncher's dream job. The Bureau of Economic Analysis (BEA) produces statistics used by government, business, and the public to track the nation's economic performance. It collects data, conducts research and analysis, and develops and implements estimation formulas on economic growth, inter-industry connections, regional economic development, and the US economy's position in the world. The BEA publishes its findings, which include the National Income and Product Accounts and the Gross Domestic Product. BEA is part of the Department of Commerce's Economics and Statistics Administration. It has an estimated annual budget of $105 million.

Officers:
Director: J. Steven (Steve) Landefeld
Deputy Director: Rosemary D. Marcuss
CIO: Brian Callahan

A division of the U.S. federal government's Department of Commerce that is responsible for the analysis and reporting of economic data used to confirm and predict economic trends and business cycles. Reports from the Bureau of Economic Analysis are the foundation upon which many economic policy decisions are made by government, and many investment decisions are made in the private sector by companies and individual investors.

Investopedia Says:
Among the most influential statistics analyzed and reported by the BEA are the gross domestic product data and the balance of trade for the United States. The BEA uses data collected at local, state, federal and international levels. Furthermore, the BEA collects data on foreign direct and indirect investment in the U.S. and on individual industries that operate around the globe.

Related Links:
The economy has a large impact on the market, so investors should know how to interpret these eleven indicators. Economic Indicators to Know
Countries track money coming in and going out through something called the balance of payments. Learn more here. What Is The Balance Of Payments?
Learn how governments adjust taxes and government spending to moderate the economy. What Is Fiscal Policy?

Bureau of Economic Analysis
Agency overview
Formed	January 1, 1972
Preceding agency	Office of Business Economics
Headquarters	Washington, D.C.
Agency executive	Director, J. Steven Landefeld
Parent agency	Economics and Statistics Administration
Website
www.bea.gov

The Bureau of Economic Analysis (BEA) is an agency in the United States Department of Commerce that provides important economic statistics including the gross domestic product of the United States. 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".^[1]

See also

• Bureau of the Census
• Bureau of Labor Statistics
• Consumer Leverage Ratio

References

1. ^ "BEA: Mission, Vision, and Values". Bureau of Economic Analysis. http://www.bea.gov/about/mission.htm. Retrieved 2008-06-29. 

External Links

• Proposed and finalized federal regulations from the Bureau of Economic Analysis

v • d • e Agencies under the United States Department of Commerce Headquarters: Herbert C. Hoover Building · Secretary of Commerce · Deputy Secretary of Commerce 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 · Economic Development Administration Under Secretary of Commerce for International Trade International Trade Administration · Minority Business Development Agency Under Secretary of Commerce and Administrator for NOAA National Oceanic and Atmospheric Administration · National Telecommunications and Information Administration · National Oceanic and Atmospheric Administration Commissioned Corps Under Secretary of Commerce for Intellectual Property Patent and Trademark Office Director of the National Institute of Standards and Technology National Institute of Standards and Technology · National Technical Information Service

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