Net Domestic Product
/ˌnɛt dəˈmɛstɪk ˈprɒdʌkt/
Definitions
- (n.) The total market value of all final goods and services produced within a country in a given period, minus depreciation of capital goods.
The government's economic report highlighted an increase in the net domestic product this fiscal year.
Forms
- net domestic product
- net domestic products
Related terms
See also
Commentary
In legal contexts, NDP figures are often used for economic analysis in regulatory and tax law to assess economic performance net of capital consumption.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.