Definition: Residence (of an institutional unit)

SNA

The residence of an institutional unit is the economic territory with which it has the strongest connection, in other words, its centre of predominant economic interest.
Source:
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
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