Who Uses BEA Measures?
GDP and National Accounts
- White House and Congress to prepare budget estimates and projections.
- Federal Reserve to set monetary policy.
- Wall Street to provide primary indicators of national economic activity.
- Business community to plan financial and investment strategies.
- Industry and academia to conduct industry studies on productivity.
- U.S. International Trade Commission to measure the impact of trade policies.
- Trade associations to assess cross-industry impact of economic and regulatory changes.
- National and local leaders to assess impact of economic shocks, such as terrorist attacks or natural disasters, on particular industries.
International Trade and Investment Data
- Trade policy officials to negotiate international trade agreements.
- Analysts and policymakers to assess the impact of international investment and trade (e.g., globalization) on the U.S. economy.
- Business managers to assess market size, judge market direction, and assess their market shares.
- Trade association officials to identify key export markets, and to assist in deliberations on trade or investment agreements.
- Federal Government agencies to calculate international price indexes and understand behavior of multinational companies.
Regional Estimates including GDP by state, State Personal Income, and Regional Multipliers
- Federal Government to distribute over $300 billion in federal funds.
- State governments to plan state spending, make revenue estimates, and track state economies.
- Business and development officials to measure the impact of business development on regional growth.