Definition: Total economy

SNA

Entire set of resident institutional units (SNA 2008, § 4.23).

Thus the total economy consists of all the institutional units which are resident in the economic territory of a country (SNA 2008, § 2.19).
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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