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Definition: Local unit


Enterprise, or part of an enterprise, which engages in productive activity at or from one location.  The definition has only one dimension in that it does not refer to the kind of activity that is carried out.  Location may be interpreted according to the purpose,  narrowly, such as a specific address, or more broadly, such as within a province, state, county, etc.

This definition is used both in SNA 1993 (§ 5.20) and in SNA 2008 (§ 5.13). United Nations, System of National Accounts (SNA) 1993, United Nations, New York, 1993
European Commission (Eurostat), International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD), United Nations (Statistics Division), World Bank, "System of National Accounts 2008", United Nations, New York, 2009