An institutional unit is in the context of national accounts an economic entity that is capable, in its own right, of owning assets, incurring in liabilities and engaging in economic activities and in transactions with other entities.
Further information
- Building the System of National Accounts - basic concepts (Background article)
Related concepts
Source
- ESA 2010 para 2.12.
- The 2008 SNA, European Commission, IMF, OECD, UN, World Bank, 2009, Chapter IV: Institutional units and sectors, point 4.2