Financial Flow Accounts

Credit of economy, category

Credit refers to an accounting term representing a receipt (for example, the sale of goods or services), a decrease in assets or an increase in liabilities. Under the principle of double entry accounting, for every debit there must be a corresponding credit. In national accounting the terms "uses" and "resources" are used instead of debits and credits.

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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