Economic territory

The term economic territory means
a) the geographic territory administered by a government within which persons, goods, services and capital move freely
b) any free zones, including bonded warehouses and factories under customs control
c) the national air-space, territorial waters and the continental shelf lying in international waters, over which the country enjoys exclusive rights
d) territorial enclaves (i.e. geographic territories situated in the rest of the world and used, under international treaties or agreements between states, by general government agencies of the country (embassies, consulates, military bases, scientific bases etc.)
e) deposits of oil natural gas, etc. in international waters outside the continental shelf of the country, worked by units resident in the territory as defined in the preceding sub-paragraphs.

The economic territory does not include extraterrestrial enclaves (i.e. the parts of the country's own geographic territory used by general government agencies of other countries, by the Institutions of the European Union or by international organisations under international treaties or agreements between states).

The nomenclature of territorial units for statistics (NUTS) provides a single, uniform breakdown of the economic territory of the European Union. NUTS is the territorial breakdown for compiling regional accounts.