Canada's International Transactions in Services

International trading partner of economy, name

International trading partner refers to countries or regions with whose residents have economic transactions with residents of other economies. These transactions show as receipts or payments.

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:

• International trading partners, variant for European Union and OECD
• List of International Trading Areas (total responses)
• Standard Classification of Countries and Areas of Interest (SCCAI) 2011 Aggregate Variant with Middle East, Central and East Asia, Antilles and International Organizations, and excluding Canada
• Standard Classification of Countries and Areas of Interest (SCCAI) 2019