Research: New Data Projects at the Bureau of Economic Analysis Will Provide New/Enhanced Statistics
BEA (Bureau of Economic Analysis) is working on a variety of projects this year to bring new economic statistics your way. The goal is to give business people, policymakers and households additional tools to make informed decisions and deepen their understanding of the U.S. economy. At this point, it’s too early for us to say exactly when these new statistics will be introduced, but here’s a look at what we’re planning.
In October of this year, BEA will publish expanded geographic detail on exports and imports of services with the release of BEA’s most detailed annual trade in services statistics. The additional countries include Free Trade Agreement countries not already published and other trading partners of interest.
BEA plans to produce statistics to measure the economic impact of small businesses, which are often at the leading edge of risk-taking, entrepreneurship and economic growth in the United States.
BEA plans to produce statistics showing the role of arts and culture in the economies of all 50 states.
BEA plans to produce more industry detail as part of its annual GDP by Industry statistics. Currently, these statistics are published for 71 industries, which primarily reflect 3-digit industry detail under the North American Industry Classification System (NAICS). The planned expansion, which will take place over the next few years, will be more closely aligned with the 4-digit NAICS industries.
About Gary Price
Gary Price (email@example.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. He earned his MLIS degree from Wayne State University in Detroit. Price has won several awards including the SLA Innovations in Technology Award and Alumnus of the Year from the Wayne St. University Library and Information Science Program. From 2006-2009 he was Director of Online Information Services at Ask.com. Gary is also the co-founder of infoDJ an innovation research consultancy supporting corporate product and business model teams with just-in-time fact and insight finding.