Net National Product (NNP)

Net National Product (NNP) measures the total value of goods and services produced by a country's citizens and businesses over a period, typically a year, minus the depreciation of capital assets like machinery and buildings. Essentially, it reflects the country's actual economic output that can be used for current consumption or investment, after accounting for the wear and tear of existing capital. NNP helps assess the nation's economic health and sustainable growth, indicating how much resources are effectively available for current needs without depleting its future productive capacity.