U.S. Bureau of Economic Analysis, Abbreviation: NDP Net domestic product accounts for capital that has been consumed over the year in the form of housing, vehicle, or machinery deterioration. Categories > National Accounts > National Income & Product Accounts > GDP/GNP. The net domestic product (NDP) equals the gross domestic product (GDP) minus depreciation on a country's capital goods. https://fred.stlouisfed.org/series/A362RC1A027NBEA, Net domestic product definition at Dictionary.com, a free online dictionary with pronunciation, synonyms and translation. Federal Reserve Bank of St. Louis; What Is The Difference Between “It’s” And “Its”? Net domestic product [A362RC1A027NBEA], The net national product definition is slightly different from that of both the gross national product and the more often talked about gross domestic product. Net Cash Resources [Food And Nutrition Service], Alternate Payee to Qualified Domestic Relations Order. Series from Gross Domestic Product. High quality example sentences with “net domestic product” in context from reliable sources - Ludwig is the linguistic search engine that helps you to write better in English − = Net domestic product accounts for capital that has been consumed over the year in the form of housing, vehicle, or machinery deterioration. Releases from U.S. Bureau of Economic Analysis, More A more accurate measure of growth than the GDP is the net domestic product (NDP), which is simply the GDP minus capital depreciation, which is a measure of the amount of output used to replace aging stock of capital.Net domestic product measures how much the economy has grown. “Terror” vs. “Horror”: Which One Is Worse? Are you sure you want to remove this series from the graph? “Hallowmas” vs. “All Saints’ Day”: What’s The Day After Halloween Actually Called? This can not be undone. Define net domestic product. Generally, the smaller the difference between GDP and NDP, the more efficient the economy. Data in this graph are copyrighted. Net domestic product accounts for capital that has been consumed over the year in the form of housing, vehicle, or machinery deterioration. © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins n economics the gross domestic product minus an allowance for the depreciation of capital goods. The NDP calculation allows users of the country's national accounts to estimate how much the country has to spend just to maintain their current GDP. For example, the net domestic product may calculate the depreciation on all the factories in a country. The market value of the goods and services produced by labor and property in the United States less the value of the fixed capital used up in production; equal to gross domestic product (GDP) less consumption of fixed capital (CFC). Billions of Dollars, Not Seasonally Adjusted, Frequency:  Net Domestic Product A country or other geographical unit's gross domestic product less the collective depreciation on its capital assets. Graph and download economic data for Net domestic product (A362RC1A027NBEA) from 1929 to 2019 about domestic, Net, GDP, and USA. Net domestic product is considered as a key indicator of economic growth of a country. Net Domestic product is the annual measure of the economic output of a nation that is adjusted to account for depreciation, calculated by subtracting depreciation from the gross domestic product (GDP). Quarterly, Seasonally Adjusted Annual Rate. Net domestic product (NDP) Glossary. This is a change of -1.26% from last quarter and 1.62% from one year ago. Absentee Ballot vs. Mail-In Ballot: Is There A Difference? Why Do “Left” And “Right” Mean Liberal And Conservative? Look it up now! St. Louis, MO 63102, More Annual. “Affect” vs. “Effect”: Use The Correct Word Every Time. Federal Reserve Bank of St. Louis, Please review the copyright information in the series notes before sharing. Net domestic product definition: the gross domestic product minus an allowance for the depreciation of capital goods | Meaning, pronunciation, translations and examples Which Word of the Day from this month means, “an irrational dislike; loathing”? Search net domestic product and thousands of other words in English definition and synonym dictionary from Reverso. “Epidemic” vs. “Pandemic” vs. “Endemic”: What Do These Terms Mean? One Federal Reserve Bank Plaza, U.S. Bureau of Economic Analysis, Release: US Net Domestic Product is at a current level of 17.98T, down from 18.21T last quarter and up from 17.70T one year ago. October 31, 2020. Convenient, Affordable Legal Help - Because We Care! Net domestic product is defined as the net value of all the goods and services produced within a country’s geographic borders. Collins English Dictionary - Complete & Unabridged 2012 Digital Edition retrieved from FRED, Net Domestic product is the annual measure of the economic output of a nation that is adjusted to account for depreciation, calculated by subtracting depreciation from the gross domestic product (GDP). Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012, the gross domestic product minus an allowance for the depreciation of capital goods. Gross Domestic Product, Units:  BEA Account Code: A362RCFor more information about this series, please see http://www.bea.gov/national/. Source: A-Z: Search Glossary term: Apply. net domestic product synonyms, net domestic product pronunciation, net domestic product translation, English dictionary definition of net domestic product. Get the USLegal Last Will Combo Legacy Package and protect your family today! Search your capacious memory for the meaning of October’s words!

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