Net Domestic Product at Market Price

Net Domestic Product at market price is otherwise called the net value added at market price within the domestic territory of a country. It is the market-value of all final goods and services produced within the domestic territory of a country during an accounting period minus depreciation.

According to Dernburg, “Net Domestic Product at market price is the market value of final goods and services produced in the domestic territory of a country by its normal residents and non-residents during an accounting year less depreciation.”

Net Domestic Product at Market Price= GDP at Market Price – Depreciation

NDP at market price can also be calculated by deduction net factor income from abroad from Net National Product at market price.