Business Terms and Jargon Explained

What is Institutional Sector

The economic accounts split the economy into institutional sectors according to their role in the economy. The main sectors are non-financial corporationís (split between public and private), financial corporationís (split between public and private), general government (split between local and central), households and NPISHs. The rest of the world is also treated as a sector within the accounts.

© Crown Copyright. Material taken from National Statistics website: Reproduced under the terms and conditions of the Click-Use Licence.

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Term created / updated 2007-01-19 15:16:38

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