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4600 Silver Hill Rd.
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United States

Bureau of Economic Analysis

BEA is an independent, principal federal statistical agency that promotes a better understanding of the U.S. economy by providing timely, relevant, and accurate economic accounts data in an objective and cost-effective manner. Although a relatively small agency, BEA produces some of the most closely watched and influential economic indicators, such as gross domestic product (GDP) and the trade balance, that directly affect decisions made by policy makers, business leaders, and the American public.

BEA’s national, industry, regional, and international economic accounts present valuable information on U.S. economic growth, regional economic development, interindustry relationships, and the Nation's position in the world economy. Some of the widely used statistical measures produced by BEA include GDP, personal income and outlays, corporate profits, GDP by state and by metropolitan area, balance of payments, and GDP by industry. These statistics are used by federal, state, and local governments for budget development and projections; by the Federal Reserve for monetary policy; by the business sector for planning and investment; and by the American public to follow and understand the performance of the nation’s economy.

Leadership

Dr. Brian C. Moyer

Director, Bureau of Economic Analysis, Performing the non-exclusive functions and duties of the Under Secretary for Economic Affairs

Related Content

Statement from U.S. Secretary of Commerce Wilbur Ross on Q3 2019 GDP Growth: U.S. Economy Grows 1.9 Percent in Third Quarter

Press releases
Today, the Department of Commerce’s Bureau of Economic Analysis (BEA) released the third quarter GDP growth number for 2019. The Bureau found that real gross domestic product increased at an annual rate of 1.9 percent in the third quarter. “Today’s report shows that the U.S. economy continues its steady growth in defiance of media skeptics calling for a recession,” said Secretary of Commerce...

Gross Domestic Product by Industry: Second Quarter 2019

Blog
Professional, scientific, and technical services; real estate and rental and leasing; and mining were the leading contributors to the increase in U.S. economic growth in the second quarter of 2019. The private goods‐ and services‐producing industries, as well as the government sector, contributed to the increase. Overall, 14 of 22 industry groups contributed to the 2.0 percent increase in real GDP...

Outdoor Recreation Industry Grew 3.9% in 2017: Boating and Fishing Industry Leads Growth

Blog
The following is a cross-post from the Bureau of Economic Analysis (BEA) The U.S. outdoor recreation economy accounted for 2.2 percent ($427.2 billion) of current-dollar gross domestic product (GDP) in 2017 according to statistics released today by the Bureau of Economic Analysis. The Outdoor Recreation Satellite Account (ORSA) also shows that inflation-adjusted (real) GDP for the outdoor...

U.S. Current Account Deficit Narrows in Second Quarter 2019

Blog
The following is a cross-post from the Bureau of Economic Analysis (BEA) The U.S. current account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, narrowed by $8.0 billion, or 5.9 percent, to $128.2 billion in the second quarter of 2019. The narrowing mainly reflected an expanded surplus on...

Real Consumer Spending Rises in July

Blog
Personal income increased 0.1 percent in July after increasing 0.5 percent in June. Wages and salaries, the largest component of personal income, increased 0.2 percent in July after increasing 0.5 percent in June. Current-dollar disposable personal income (DPI), after-tax income, increased 0.3 percent in July after increasing 0.4 percent in June. Real DPI, income adjusted for taxes and inflation,...

GDP Increases in Key Industry Groups in 1st Quarter of 2019

Blog
The following is a cross-post from the Bureau of Economic Analysis (BEA) Finance and insurance; retail trade; and health care and social assistance were the leading contributors to the increase in U.S. economic growth in the first quarter of 2019. According to gross domestic product (GDP) by industry statistics released by the Bureau of Economic Analysis, 16 of 22 industry groups contributed to...

Foreign Direct Investment in the U.S. Rises in 2018

Blog
On July 2, the Commerce Department's Bureau of Economic Analysis (BEA) released updated annual statistics on the amount and characteristics of new investments in the United States by foreign investors. Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $296.4 billion in 2018, up 8.7 percent from $272.8 billion in 2017. Additional highlights of the...

Remarks by U.S. Commerce Secretary Wilbur L. Ross at the National Marine Manufacturers Association 2019 American Boating Congress

Speeches
Introduced by Ben Speciale, President, Yamaha’s U.S. Marine Business and chair of the NMMA Board of Directors. Thank you, Ben, for that kind introduction, and for the invitation to participate in the 2019 American Boating Congress. It’s great to be here. Congratulations to Thom Dammrich for your nearly 20 successful years at the helm of the National Marine Manufacturers Association. Under your...

Real GDP Increases in 49 States and District of Columbia

Blog
The following is a cross-post from the Bureau of Economic Analysis Real gross domestic product (GDP) increased in 49 states and the District of Columbia in the fourth quarter of 2018. The percent change in real GDP in the fourth quarter ranged from 6.6 percent in Texas to 0.0 percent in Delaware. Wholesale trade, mining, and information services were the leading contributors to the increase in...

GDP Increases in First Quarter

Blog
Real gross domestic product increased 3.2 percent in the first quarter of 2019, according to the “advance” estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2018, real GDP increased 2.2 percent. GDP Highlights The increase in real GDP reflected increases in consumer spending, inventory investment, exports, government spending, and business investment that were partly...