Canada's International Transactions in Services
International transactions in services of economy, category
International transactions in services refers to that part of the balance of international payments account that summarizes, for a specific period of time, the economic transactions of residents with non-residents covered by the services component of the current account. The current account covers all transactions (other than those in the capital and financial accounts) that involve exchange of economic values (goods, services, and investment income) and current transfers.
Economy refers to the entire set of resident institutional units. It is divided into sectors that consists of groups of resident institutional units. An institutional unit is resident in a country when it has a centre of economic interest in the economic territory of that country. It is said to have a centre of economic interest when there exists some location - dwelling, place of production or other premises - within the economic territory on, or from, which it engages, and intends to continue to engage, in economic activities and transactions on a significant scale either indefinitely or over a finite period of time.
The data for this variable are reported using the following classifications and/or lists:
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