Official Concept and Definition
Resident of an economy
| Definition | an entity that has a center of economic interest in the economic territory of a country usually indicated by a one-year stay in that economy. The one-year period is suggested only as a guideline and not as an inflexible rule. |
| Formula |  |
| PSS Agency | PSA |
| Source/s | 5th edition of Balance of Payment Manual (BPM5) (International Monetary Fund); Detailed Benchmark Definition of the Foreign Direct Investment (Organization for Economic Cooperation and Development); and Glossary of Foreign Direct Investment Terms (Survey of Implementation of Methodological Standards for Direct Investment (SIMSDI)) 1993 System of National Accounts https://psa.gov.ph/ISSiP/concepts-and-definitions |
| Indicators / Statistics Being Generated | Not applicable |
| PSA Board Resolution | PSA Board Resolution No. 01, Series of 2017 - 111 https://psa.gov.ph/article/nscb-executive-board-resolution-no-12-approving-and-adopting-official-concepts-and |
| Statistical Domain | Economic Statistics |
| Statistical Activity | Business Statistics |
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