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
- Balance of Payments
- International Investment Position
- Net lending or borrowing of the economy
- Financial Accounts
References
- Sixth Edition of the IMF’s Balance of Payments and International Investment Position Manual.
- European System of Accounts 2010. Interactive version.
Links to data tables
- Balance of Payments and International Investment Position Tables.
- Financial Accounts Tables of the Spanish Economy.
Selection of tables
Update date: January 2025