Bureau of Economic Analysis
US federal government agency / From Wikipedia, the free encyclopedia
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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).
Agency overview | |
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Formed | January 1, 1972; 52 years ago (1972-01-01) |
Preceding agency |
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Headquarters | Suitland, MD |
Employees | 500 |
Annual budget | $101 million (FY2019) |
Agency executives |
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Parent department | Department of Commerce |
Website | www.bea.gov |
The BEA 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 $101 million.[3]