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

Official Concepts and Definitions

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