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Net Domestic Product

   Also found in: Dictionary/thesaurus, Acronyms, Wikipedia 0.01 sec.
Net Domestic Product
A country or other geographical unit's gross domestic product less the collective depreciation on its capital assets. For example, the net domestic product may calculate the depreciation on all the factories in a country. In order for an economy to grow, the gross domestic product must exceed the net domestic product; otherwise, this indicates that depreciation on capital assets is outpacing other economic growth.


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According to a recent study conducted at the Kerala-based Centre for Socioeconomic and Environmental Studies, the state's overseas remittances are equivalent to 20 percent of its net domestic product.
25 billion rupees in remittances last year which is more than 20 percent of the state's net domestic product.
1) As you can see in the upper chart, there has been a dramatic decline over the past couple of decades in the ratio of net domestic nonfederal saving to net domestic product.
 
 
 
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