The Bureau of Economic Analysis (BEA) is an agency under the United States Department of Commerce that is responsible for collecting and reporting economic data on the country’s gross domestic product (GDP), income, and trade. The BEA’s data and analysis are critical to informing policy decisions and providing a framework for understanding the economy. The BEA collects a vast amount of economic information, including statistics on personal income, corporate profits, and international trade. This data is used by businesses, policymakers, and researchers to better understand economic trends and the effects of governmental policies on the economy. The BEA is also responsible for providing official statistics on GDP, which is one of the most closely watched economic indicators in the US and around the world. The agency releases quarterly reports on GDP growth and revisions to previous estimates to provide the latest insights on the health of the US economy. Additionally, the BEA works with other agencies to collect and refine data on specific economic sectors and areas of interest, such as regional economic performance, arts and culture, and personal spending. Overall, the BEA plays a critical role in tracking and analyzing the US economy, providing important insights to help guide policy decisions and support economic growth.