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Statistics Directorate    
French Equivalent: Unité institutionnelle – Eurostat

The institutional unit is an elementary economic decision-making centre characterised by uniformity of behaviour and decision-making autonomy in the exercise of its principal function.

A unit is regarded as constituting an institutional unit if it has decision-making autonomy in respect of its principal function and keeps a complete set of accounts.

— In order to be said to have autonomy of decision in respect of its principal function, a unit must be responsible and accountable for the decisions and actions it takes.

— In order to be said to keep a complete set of accounts, a unit must keep accounting records covering all its economic and financial transactions carried out during the accounting period, as well as a balance sheet of assets and liabilities.

Note: According to the Regulation on statistical units, an institutional unit may correspond to an enterprise in the corporate enterprises sector.

Source Publication:
Council Regulation (EEC), No. 696/93, Section III B of 15.03.1993 on the statistical units for the observat in the Community.

Cross References:
Institutional unit – SNA

Version Indicator: Eurostat

Statistical Theme: National accounts

Created on Tuesday, September 25, 2001

Last updated on Thursday, March 6, 2003