Canada's Balance of International Payments
International trading partner of economy, name
International trading partner refers to countries or regions with whose residents have economic transactions with Canadian residents.
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:
- Standard Classification of Countries and Areas of Interest (SCCAI) 2011, Aggregate Variant with European Union (Principal Trading Partners)
- Standard Classification of Countries and Areas of Interest (SCCAI) 2011, Aggregate Variant with Other European Union and Other Organization for Economic Co-operation and Development