About

The Bureau of Economic Analysis (BEA) is an agency within the United States Department of Commerce that is responsible for collecting, analyzing, and publishing a wide range of economic data and statistics. The BEA’s primary mission is to provide accurate and timely information about the U.S. economy to policymakers, businesses, and the public.

Established in 1921, the BEA was originally created as the Division of Economic Research within the U.S. Department of Commerce. Over the years, the agency has evolved and expanded its role, becoming a central hub for the production and dissemination of key economic indicators and data.

The Bureau of Economic Analysis is responsible for compiling and publishing a variety of economic measures, including the Gross Domestic Product (GDP), personal income and outlays, international trade and investment data, and industry-level statistics. These data sets are widely used by government agencies, research institutions, and the private sector to assess the overall health and performance of the U.S. economy.

In addition to its core data collection and publication functions, the BEA also conducts research and analysis on emerging economic trends and issues. This work helps policymakers, businesses, and the public better understand the complexities and dynamics of the U.S. economic system.

The Bureau of Economic Analysis maintains a network of regional offices and collaborates with other federal statistical agencies, such as the Census Bureau and the Bureau of Labor Statistics, to ensure the consistency and reliability of the economic data it produces. The agency’s work is essential for informed decision-making and the efficient allocation of resources in the U.S. economy.

Overall, the Bureau of Economic Analysis plays a vital role in providing the critical economic intelligence needed to support sound policymaking, business planning, and public understanding of the U.S. economy.