Glossary:Institutional unit

An institutional unit is in the context of national accounts an economic entity that is capable, in its own right, of owning assets, incurring in liabilities and engaging in economic activities and in transactions with other entities.

Further information

Related concepts


  • ESA 2010 para 2.12.
  • The 2008 SNA, European Commission, IMF, OECD, UN, World Bank, 2009, Chapter IV: Institutional units and sectors, point 4.2