REGIONAL TERRITORY

13.04 The regional economy of a country is part of the total economy o that country. The total economy is defined in terms of institutional units. It consists of all the institutional units which have a centre of interest in the economic territory of a country (see paragraph 2.04). The economic territory, although consisting essentially of the geographic territory, does not coincide exactly (see paragraph 2.05). The economic territory of a country can be divided into regional territories and the extraregio territory.

13.05 The regional territory includes:

  1. the region that is part of the geographic territory of a country;
  2. any free zones, including bonded warehouses and factories under customs control in the region.
13.06 The extraregio territory is made up of parts of the economic territory of a country which cannot be attached directly to a single region. It consists of:
  1. the national air-space, territorial waters and the continental shelf lying in international waters over which the country enjoys exclusive rights;
  2. territorial enclaves {i.e. geographic territories situated in the rest of the world and used, under international treaties or agreements between States, by general government agencies of the country (embassies, consulates, military bases, scientific bases etc.)};
  3. deposits of oil, natural gas etc. in international waters, outside the continental shelf of the country, worked by resident units.
13.07 The nomenclature of territorial units for statistics (NUTS) provides a single, uniform breakdown of the economic territory of the European Union. The NUTS is the territorial classification for the compilation of regional accounts.