Paul Farello is the Associate Director for International Economics at the Bureau of Economic Analysis.
Mr. Farello oversees the production of official economic statistics (and the administration of confidential surveys of businesses that underlie them) that provide information on the role of the United States in the world economy.
These include statistics on trade in services, such as insurance, travel, and financial services that are included in monthly releases on international trade in goods and services. He also oversees the production of statistics that provide a broader view of economic activity between the United States and other nations, including trade, financial investments, and foreign aid, in the international transactions accounts and international investment position accounts. Mr. Farello also directs the production of detailed statistics on foreign direct investment and the financing and operating activities of multinational enterprises such as employment, value added, research and development, and more.
Mr. Farello brings more than 30 years of experience and knowledge to international economic accounting and plays an instrumental role in shaping updates to international economic accounting guidelines. He also oversees BEA’s research on international topics.
He has led efforts to develop new statistics, including statistics on identifying U.S. exposures to foreign currency risks as well as the nation’s first statistics on special purpose entities of multinationals, which provide data users with a better understanding of the entities’ complex financing.
Mr. Farello has received awards for his leadership and innovation, including U.S. Department of Commerce Gold and Silver medals, the department’s highest honors.
He holds a bachelor’s degree in economics from Miami University.
