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LAND AND BUILDINGS

Statistics Directorate    
French Equivalent: Terrains et bâtiments

Definition:
Land and buildings comprises all land and buildings located within an economy, except that owned by foreign governments (such as embassies) are, by convention, regarded as being owned by residents.

If an actual owner is a non-resident, the owner is treated as if the ownership had been transferred to a resident notional institutional unit that is deemed to own the land and buildings. The non-resident has a financial investment in this notional unit, which is therefore a direct investment enterprise.

Source Publication:
Glossary of Foreign Direct Investment Terms, OECD, 2001 – not published.

Statistical Theme: Financial statistics

Created on Tuesday, September 25, 2001

Last updated on Thursday, March 06, 2003