Definition: Notional resident unit

Category: ESA 1995

Notional resident units are defined as: 

a) those parts of non-resident units which have a centre of economic interest (that is in most cases which engage in economic transactions for a year or more or which carry out a construction activity for a period of less than a year if the output constitutes gross fixed capital formation) on the economic territory of the country; 

b) non-resident units in their capacity as owners of land or buildings on the economic territory of the country, but only in respect of transactions affecting such land or buildings. http://ec.europa.eu/eurostat/product?code=CA-15-96-001&mode=view