Data Mining For Dummies by Meta S. Brown

Author:Meta S. Brown
Language: eng
Format: epub, pdf
ISBN: 9781118893166
Publisher: Wiley
Published: 2014-09-01T06:27:54+00:00

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Bureau of Economic Analysis

The Bureau of Economic Analysis (BEA) (www.bea.gov) is a part of the United States Department of Commerce. The Commerce Department’s job is to “help make American businesses more innovative at home and more competitive abroad.” The Department is made up of 12 agencies that deal with matters as diverse as weather, communications, and patents. It’s the BEA’s job to “promote 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.”

BEA gathers economic data, conducts research and analysis, and makes the results available to the public. It provides information on matters such as economic growth, relationships among industries, and the nation’s position in the world economy. It produces information on a national, international, and regional basis, and also for specific industries.

Here are some of the widely used types of data available through BEA:

Balance of payments

Foreign direct investment

Gross domestic product (GDP)

Gross domestic product by state

Industry data

International trade

National income and product accounts (NIPAs)

Personal income

Personal income by state

Gross domestic product by metropolitan area

Gross domestic product by industry

Personal income by county and metropolitan area

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