Data, you might say, is the innovation currency of the Digital Age. Data solutions surround us – like when we’re in the backseat of an Uber browsing LinkedIn while the driver uses Waze for the best route while streaming Pandora on the radio. Every day innovators are using public and private data to dream up and deliver new customer solutions. And we’re just at the beginning.
The Bureau of Economic Analysis updates GDP figures and their major components every summer, sweeping in more comprehensive data that weren’t available for earlier estimates. The 2016 annual update, coming July 29, also will feature some of BEA’s efforts to continuously improve its measurement of the U.S. economy.
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About the Economics & Statistics Administration
The Economics and Statistics Administration (ESA) plays three key roles within the Department of Commerce (DOC). ESA provides timely economic analysis, disseminates national economic indicators, and oversees the U.S. Census Bureau (Census) and the Bureau of Economic Analysis (BEA). In this latter role, ESA works closely with the leadership at BEA and Census on high priority management, budget, employment, and risk management issues, integrating the work of these agencies with the priorities and requirements of the Department of Commerce and other government entities.