S.2 Rest of the world

The sector rest of the world is outside the national economy of Finland and it examines interactive transactions made with residential units. The sector rest of the world forms a specific set of accounts that are compiled from its perspective.

The rest of the world consists of all institutional units included in the non-resident economic territory, which have transactions, receivables, liabilities or holdings with the sectors of the economic territory of Finland. Non-resident units are also resident corporations’ subsidiaries, branches and other notional non-resident units connected to construction, ownership of land or buildings situated abroad. Non-resident foreign economic units situated in Finland are foreign embassies, consulates and units of international organisations. For more details about the definition of non-resident units, see Chapter 2. Definition of the national economy and Chapter 3. Institutional units.

The rest of the world is divided into sub-sectors by the main division: the EU and other countries including international organisations. Within the European Union, the Member States of the Euro Area are separated from the Member States outside the Euro Area, and the European Central Bank is separated from the institutions and bodies of the European Union into a specific sector. The rest of the world sector can also be divided into sub-sectors in compliance with the resident sector classification in a way that the connection to the primary classification by country group is retained. [0]

...