U.S. flag

An official website of the United States government

Dot gov

Official websites use .gov
A .gov website belongs to an official government organization in the United States.

Https

Secure .gov websites use HTTPS
A lock () or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.

WEBSITE
ADDRESS

4600 Silver Hill Rd.
Suitland, MD 20746
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

Related Content

President Biden’s Fiscal Year 2025 Budget Would Strengthen Commerce Department’s Mission to Boost American Innovation and Competitiveness

Press releases
Proposed Budget Supports Key Commerce Department Initiatives and Programs to Increase Access to Good Jobs, Strengthen Competitiveness in the 21st Century Today, the Biden-Harris Administration submitted to Congress the President’s Budget for Fiscal Year 2025. Following historic progress made since the President took office—with nearly 15 million jobs created and inflation down two-thirds—President...

By the Numbers: U.S. Economy Adds Over 350,000 Jobs in January Exceeding Expectations

Blog
Hiring Increases Due to Rise in Consumer Confidence and Spending Kicking off 2024, the U.S. Labor Department’s Bureau of Labor Statistics reported last week that the U.S. economy added over 350,000 jobs in January – far exceeding expectations. The unemployment rate was 3.7 percent for the third month in a row coming in below 4% for two straight years – the longest such streak since the 1960s. In...

By the Numbers: U.S. Economy Grows Faster than Expected for Year and Final Quarter of 2023

Blog
Economic Growth Due to Increases in Jobs, Incomes, and Spending Today, the U.S. Commerce Department’s Bureau of Economic Analysis (BEA) reported fourth quarter real gross domestic product (GDP) increased at an annual rate of 3.3 percent in the fourth quarter of 2023 exceeding expectations. Growth was in large part due to an increase in Americans making and spending more. In addition, the economy...

Secretary of Commerce Gina Raimondo Highlights Key 2023 Department Accomplishments

Press releases
Today, U.S. Secretary of Commerce Gina Raimondo issued the following statement highlighting key accomplishments at the Department of Commerce during 2023. “It has been an honor to work alongside the dedicated civil servants at the Department of Commerce in pursuit of our mission to improve America’s competitiveness so that our workers and companies can succeed in the global economy. Thanks to...

Commerce’s Bureau of Economic Analysis Reports Outdoor Recreation Economy Tops $1 Trillion in 2022

Blog
Travel and Tourism Leads by Industry, Reflecting Growth in Spending on Transportation, Hotels, and Restaurants People are getting out more and outdoor recreation continues to drive America’s economy. According to last month’s report from the Commerce Department’s U.S. Bureau of Economic Analysis (BEA), the outdoor recreation economy topped $1 trillion for the first time with significant growth in...

By the Numbers: Third Quarter Economic Growth Exceeds Expectations

Blog
Consumer Confidence on Rise as Americans Make and Spend More Today, the U.S. Commerce Department’s Bureau of Economic Analysis (BEA) reported third quarter real gross domestic product (GDP) increased at an annual rate of 4.9%, exceeding expectations. The increase in GDP is in large part due to Americans spending and making more. Consumer confidence is strong. Today’s report shows consumer spending...

Commerce Department Offers Valuable Resources and Services for Hispanic Entrepreneurs and Hispanic-Owned Businesses

Blog
The Hispanic American community is deeply rooted in the history of the United States and is an integral part of the rich fabric of our nation. True to our mission of creating the conditions for economic growth and opportunity—for all Americans—the Commerce Department works every day to support and invest in the Hispanic business community to create jobs and promote economic growth. As of April 1...

News: Unemployment is at its Lowest Level in 54 years

Blog
Today, the U.S. Department of Labor’s Bureau of Labor Statistics released the monthly Jobs Report which shows the unemployment rate has dropped to 3.4% with more than a half million jobs created in January and 800,000 manufacturing jobs created in the last two years. “President Biden’s economic plan is working,” said Commerce Secretary Raimondo . “When President Biden took office, the unemployment...

Fact Sheet: Biden-⁠Harris Administration Releases National Strategy to Put Nature on the Nation’s Balance Sheet

Press releases
Today, the Biden-Harris Administration released the final National Strategy to Develop Statistics for Environmental-Economic Decisions , a historic roadmap that will kick off a multi-year effort to put nature on the nation’s balance sheet for the first time, with an emphasis on better data to understand nature’s critical contributions to the U.S. economy and to guide policy and business decisions...

Year in Review: Commerce’s Top Stories and Accomplishments of 2022

Blog
As we welcome 2023, we reflect on some of the most popular stories, issues, and accomplishment from 2022. This past year, the Commerce Department remained at the forefront of many critical issues like no other time in history. Commerce played a central role in enacting President Biden's economic, trade, and innovation agenda to build a better America. One of the most important accomplishments of...