Full Form of BEA
The full form of BEA is the Bureau of Economic Analysis.
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What is BEA
The Bureau of Economic Analysis (BEA) of the US Department of Commerce is an agency of the US government that provides official macroeconomic and industry statistics, primarily reports on the gross domestic product (GDP) of the United States. The United States and its various units: states, cities / towns / municipalities / villages / counties, and metropolitan areas. They also provide information on personal income, corporate earnings, and government spending in their National Income and Product Accounts (NIPA).
It is a division of the US Federal Government Department of Commerce that is responsible for the analysis and reporting of economic data used to confirm and predict economic trends and business cycles. . BEA reports heavily influence government economic policy decisions, investment activity in the private sector, and buying and selling patterns on global stock markets.
All About BEA
- Stabilised – January 1, 1972; 49 years ago
- proceding agency – Office of Business Economics
- headquarters – Suitland, MD
- employees – 500
- Annual budget – $97 million (2018)
- agency executive – Mary Bohman (acting), Director
- parent department – US. Department of Commerce
- website – https://www.bea.gov/
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