Rest of the world

Definition

The rest of the world encompasses non-resident institutional units that engage in transactions with resident units or maintain other types of economic links with resident units. This concept is used in the context of Balance of Payments statistics, International Investment Position, and the System of National Accounts.

Further information

The Balance of Payments and International Investment Position correspond to the rest of the world accounts in the System of National Accounts. However, while the Balance of Payments and International Investment Position are prepared from the perspective of resident units, the System of National Accounts is prepared from the perspective of non-resident units.

Related concepts

References

Links to data tables

Selection of tables

Update date: January 2025

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