Bureau of Economic Analysis: Meaning (information, definition, explanation, facts)

The Bureau of Economic Analysis (BEA) is an agency in the United States Department of Commerce that provides a comprehensive statistical picture of the economy of the United States.

The BEA is responsible for releasing information on the gross domestic product of the United States. Its stated mission is to "promote a better understanding of the U.S. economy by providing the most timely, relevant, and accurate economic data in an objective and cost-effective manner."