Official Concept and Definition
Resident of an economy
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.
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 Accountshttps://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
|Statistical Domain||Economic Statistics|
|Statistical Activity||Business Statistics|