Bureau of Economic Analysis

Type: Government Agency
On the web: http://www.bea.gov/beahome.html

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 are considered one of the three most influential measures affecting US financial markets. Its products include the national income and product accounts (NIPAs) including the GDP. BEA is part of the Department of Commerce's Economics and Statistics Administration.

Officers:
Director: US Federal

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

References

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

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