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Mission, Vision, and Values
Mission
The Bureau of Economic Analysis (BEA) promotes a better understanding
of the U.S. economy by providing the most timely, relevant, and accurate
economic accounts data in an objective and cost-effective manner.
Vision
To be the world's most respected producer of economic accounts.
Core Values of BEA
- Integrity: Maintaining the sterling reputation of BEA and its statistics.
- Quality: Producing timely, relevant, and accurate statistics.
- Excellence: Fostering staff excellence and recognizing and rewarding
employee contributions.
- Responsiveness: Providing customers with the programs and services
they need.
- Innovation: Using technology and new methodologies to meet measurement
challenges.
BEA's Role in the Federal Statistical System
BEA is an agency of the Department of Commerce. Along with the Census
Bureau and STAT-USA, BEA is part of the Department's Economics and Statistics
Administration.
BEA produces economic accounts statistics that enable government and
business decision-makers, researchers, and the American public to follow
and understand the performance of the Nation's economy. To do this, BEA
collects source data, conducts research and analysis, develops and implements
estimation methodologies, and disseminates statistics to the public.
BEA is one of the world's leading statistical agencies. Although it is
a relatively small agency, BEA produces some of the most closely watched
economic statistics that influence the decisions made by government officials,
business people, households, and individuals. BEA's economic statistics,
which provide a comprehensive, up-to-date picture of the U.S. economy,
are key ingredients in critical decisions affecting monetary policy, tax
and budget projections, and business investment plans. The cornerstone
of BEA's statistics is the national income and product accounts (NIPAs),
which feature the estimates of gross domestic product (GDP) and related
measures.
The GDP was recognized by the Department of Commerce as its greatest
achievement of the 20th century and has been ranked as one of the three
most influential measures that affect U.S. financial markets. Since the
NIPAs were first developed in the aftermath of the Great Depression, BEA
has developed and extended its estimates to cover a wide range of economic
activities.
Today, BEA prepares national, regional, industry, and international accounts
that present essential information on such key issues as economic growth,
regional economic development, interindustry relationships, and the Nation's
position in the world economy.
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