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ExpectMore.govExpectMore.gov home pageEXPECT FEDERAL PROGRAMS TO PERFORM WELL, AND BETTER EVERY YEAR.
 
Program Assessment

Program

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Bureau of Economic Analysis

The purpose of the program is to produce economic statistics, including the Gross Domestic Product (GDP), for use by the public and private decision-makers to understand the performance of the U.S. economy. The program produces such statistics by compiling source data from other federal agencies.

Rating

What This Rating Means

PERFORMING
Effective

This is the highest rating a program can achieve. Programs rated Effective set ambitious goals, achieve results, are well-managed and improve efficiency.
  • The program is effective in providing comprehensive data on the U.S. economy. It is the only organization that produces economic statistics such as GDP, personal income and balance of payments, and effectively consults with the other federal agencies that provide the source data for its statistics.
  • The program has seven performance measures that are updated and reviewed annually, and has established ambitious annual targets. The program also consults with its advisory committee twice a year and conducts a customer satisfaction survey of its data users annually to ensure that it is meeting the needs of its users.

Improvement Plan

About Improvement Plans

We are taking the following actions to improve the performance of the program:

  • Continuing to refine its proposed efficiency measure for its statistical products.
  • Pursuing successful completion of strategic plan milestones for improving the accuracy and timeliness of economic statistics.

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