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net domestic product

   Also found in: Financial, Acronyms, Wikipedia 0.01 sec.
net domestic product
n
(Economics) Economics the gross domestic product minus an allowance for the depreciation of capital goods Abbreviation NDP


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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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