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Bureau of Economic Analysis

Bureau of Economic Analysis (BEA) is an US Commerce Department which provides economic statistics and data for gross domestic products of America. The primary objective of BEA is to assist better understanding of US economy and to provide cost effective economic data in the timely fashion which is both, accurate as well as relevant. It seeks to enhance US economy by making the data available widely for individuals, households, business personalities and government officials; that influences the economy.

 

This data is available online free of charge along with various methodologies, guides and information about BEA.
The statics provided by BEA, shows up to date state of US economy, and it acts as a comprehensive key ingredient, that affects the critical decisions such as tax, monetary policy, business investments and budget projections. The most important US economy data such as NIPA (National Income and Products Accounts), corporate profit, personal income, GDP and its components are found in the BEA’s data which estimates and explains wide range of economic activities.

Data Provided by Bureau of Economic Analysis:
Current and historical data is available annually since 1929 and quarterly data is available since 1946. Data can be retrieved easily from selected frequencies and times; and are available in variety of formats. User can extract selected portion of data according to his research. It also offers gross product’s data in terms of tangible wealth and industry.

Extensive international data such as US Foreign Direct Investment, US Abroad Direct Investments, Investments Positions, Import and Export and balance sheet of payments are available.

Regional data such as State Personal Data, GSP (Global State Product), Per Capital Personal Income, Local Area Personal, Income and Employment projections are also offered by BEA.
It provides reports for Current Survey of Business, Monthly Journal, Survey Method Changes and Recent Updated Data. The data can be categorized in 4 forms:

National:

  • GDP (Gross Domestic Product)
  • Outlays and Personal Income
  • Corporate Profits
  • Fixed Assets
  • Satellite Accounts

International:

  • Balance of Payments
  • Trade in Services and Goods
  • International Services
  • International Investment Position
  • Multinational Company’s Operation

Regional:

  • GDP by Metro Politian and State Areas
  • Local and State Area Personal Income
  • Regional Input and Output Multipliers (RIMS II)
  • Annual Industry Accounts
    1. GDP (Industry Wise)
    2. Input and Output Accounts
  • Benchmark of Input and Output Accounts
  • Satellite Accounts
    1. Development and Research
    2. Travels and Tourism
  • Estimates of Supplements