Measures and Analyses of the U.S. Economy (11.025)
Program
11.025 Measures and Analyses of the U.S. Economy
Federal Agency
BUREAU OF ECONOMIC ANALYSIS, ECONOMICS AND STATISTICS ADMINISTRATION, DEPARTMENT OF COMMERCE
Authorization
15 U.S.C. 171 et seq., Chapter 5, 1516, 22 U.S.C. 286f, 3101 et seq., Chapter 46.
Program Number
11.025
Last Known Status
Active
Objectives
To produce and disseminate accurate, timely, relevant, and cost-effective economic accounts statistics that provide government, businesses, households, and individuals with a comprehensive, up-to-date picture of economic activity. BEA's national, regional, and international economic accounts present basic information on such key issues as U.S. economic growth, regional economic development, and the Nation's position in the world economy. The principal statistics prepared by BEA include gross domestic product (GDP), corporate profits, personal income by State and region, U.S. balance of payments, international trade, and GDP by industry.
Types of Assistance
Dissemination of Technical Information.
Uses and Use Restrictions
The measures and analyses produced by BEA are used in the formulation and execution of fiscal, financial, international, and other policies related to the major economic goals of the Nation. Businesses plan production, price, and investment programs with the aid of the information provided by BEA. This information also is essential for economic decision-making by State and local governments, labor, other economic groups, and by individuals who need a better orientation in an increasingly complex economic world. In addition, teaching and research programs at universities and research organizations rely on the information provided.
Eligibility Requirements
Applicant Eligibility
Any business, public official, civic organization, or private citizen may request information in person, by letter, by telephone, or by e-mail.
Beneficiary Eligibility
Any business, public official, civic organization, or private citizen may request information in person, by letter, by telephone, or by e-mail.
Credentials/Documentation
None.
Application and Award Process
Preapplication Coordination
Not applicable. This program is excluded from coverage under E.O. 12372.
Application Procedure
Not applicable.
Award Procedure
Not applicable.
Deadlines
Not applicable.
Range of Approval/Disapproval Time
Appeals
Not applicable.
Renewals
Not applicable.
Assistance Considerations
Formula and Matching Requirements
Not applicable.
Length and Time Phasing of Assistance
Not applicable.
Post Assistance Requirements
Reports
Not applicable.
Audits
Not applicable.
Records
Not applicable.
Program Accomplishments
Many of BEA's principal accomplishments in fiscal year 2002 were outlined in the following articles published in the Survey of Current Business, BEA's monthly journal of record. In January 2002, "Reliability of GDP and Related NIPA Estimates" presented results of a study that determined BEA's quarterly estimates of real GDP are reliable indicators of whether the economy is expanding or contracting; accelerating or decelerating, and whether the economy is growing at rates above, near, or below the long-term trend. In April, "Alternative Measures of Personal Savings" looked at the two-decade downtrend in the NIPA measure of the personal saving rate that has raised questions about the adequacy of savings to fund capital accumulation or the retirement of the baby boom generation, and determined concerns about retirement preparedness should be viewed within the broader context of household wealth. In May, "BEA's Strategic Plan for 2001-2005" reported on the plan that outlines the major focus of the Bureau's work over the next several years. In June 2001,"Gross Domestic Product by Industry: A Progress Report on Accelerated Estimates" examined BEA's development of a prototype methodology for preparing estimates of GDP by industry on an accelerated schedule. The accelerated estimates would be released in April 4, months after the end of the reference year and 7 months ahead of the release of the regular annual estimates in November. In October, the "Customer Service Report for Fiscal Year 2002" outlined many steps taken in the fiscal year to improve services to all of the Bureau's customers. In addition, BEA staff regularly present papers at semi-annual meetings of the BEA Advisory Committee. Full texts and abstracts are available on BEA's website at www.bea.gov/bea/papers.htm.
Financial Information
Account Identification
13-1500-0-1-376.
Obligations
(Salaries and expenses) FY 02 $56,578,000; FY 03 est $66,961,000; and FY 04 est $80,540,000.
Range and Average of Financial Assistance
Not applicable.
Regulations, Guidelines and Literature
BEA's estimates are available on the BEA Website at www.bea.doc.gov, in publications, and on diskettes and CD-ROMs. BEA's products are described in the Catalog of Products, which is available from the BEA Public Information Office and on the BEA Website. For more information on the availability of BEA's products, call the BEA Order Desk at 1-800-704-0415; from outside the United States, call 202-606-9666. The Survey of Current Business, BEA's monthly journal, presents summary estimates and analyses of U.S. economic activity. The Survey is available by subscription from the Superintendent of Documents, U.S. Government Printing Office (GPO): List ID SCUB, price $49.00 per year (domestic second-class mail), $61.25 (foreign second-class mail), or $95.00 (domestic first-class mail); single copy price $25.00 (domestic) or $31.25 (foreign). Foreign airmail delivery rates are available upon request from GPO. To order using Visa, MasterCard, or a GPO deposit account, call 202-512-1800 or fax 202-512-2250. To order by mail, send a check payable to "Superintendent of Documents" to Superintendent of Documents, P.O. Box 371954, Pittsburgh, PA 15250-7954. To order on-line, go to the GPO Website at www.gpo.gov/su_docs/sale.html. BEA's estimates also are available on-line by subscription through STAT-USA Internet at www.stat-usa.gov. For more information, call STAT-USA at 1-800-782-8872; from outside the United States, call 202-482-1986.
Related Programs
11.001, Census Bureau Data Products; 11.110, Trade Development; 17.003, Prices and Cost of Living Data; 17.004, Productivity and Technology Data; 17.006, Employment Projections Data.
Information Contacts
Regional or Local Office
Not applicable.
Headquarters Office
Public Information Office, Bureau of Economic Analysis, Department of Commerce, 1441 L St., NW., BE-53, Washington, DC 20230. Telephone: 202-606-9900. TDD: 202-606-5335. E-mail: webmaster@bea.gov. FTS is not available.
Web Site Address
Examples of Funded Projects
Not applicable.
Criteria for Selecting Proposals
Not applicable.
