Net material product

Net Material Product (NMP) was the main macroeconomic indicator used for monitoring growth in national accounts of socialist countries during the Soviet era.

NMP is the conceptual equivalent of Gross Domestic Product (GDP) in the United Nations System of National Accounts, although numerically the two measures are calculated differently.

The tax components subtracted in the calculation of GDP should also be added back to obtain NMP.

The economic term that corresponds to Net Material Product in Russian is Национальный доход (literally: national income).

The table compares the new GDP estimates with the traditional NMP numbers (in billions of current rubles).