Net Domestic Product
Definition
The GDP minus depreciation on a country's capital goods. This measure allows users of the country's national accounts to estimate how much the country has to spend just to maintain their current GDP. If the country is not able to replace the capital stock lost through depreciation, then GDP will fall. In addition, a growing gap between GDP and Net Domestic Product indicates increasing obsolescence of capital goods, while a narrowing gap would mean that the condition of capital stock in the country is improving.
 Cite this definition
'Net Domestic Product
' appears in the definitions of these terms on BusinessDictionary.com
gross domestic product (GDP)
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