Net material product
Part of Soviet economics |
|
Net Material Product (NMP) was the main
NMP is calculated for the
For comparison with GDP, it is necessary to add back to NMP the value of fixed asset depreciation (which is not subtracted in GDP calculations) and the total value of all services classified as "non-productive" in the socialist system of national accounts (which are part of GDP). These "non-productive" services include health care, education, housing, public utilities, consumer services, communication in the non-productive sector, passenger transport, financial services (banking, credit, insurance), government services, the defense establishment, and social organizations. 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
GDP and NMP for USSR 1980–1990
GDP began to be calculated in the
Indicator | 1980 | 1985 | 1990 |
---|---|---|---|
GDP | 619 | 777 | 1000 |
NMP | 462.2 | 578.5 | 700.6 |
NMP in % of GDP | 75 | 74 | 70 |
- Source: Narodnoye khoziaystvo SSSR 1990, statistical yearbook of the USSR, p. 5.
NMP growth for Comecon countries
Change in NMP (in constant prices) 1980–1990 (in percent of 1980)
Indicator | Bulgaria | Cuba | Czecho- Slovakia |
East Germany |
Hungary | Mongolia | Poland | Romania | Vietnam | USSR
|
---|---|---|---|---|---|---|---|---|---|---|
NMP in 1990 (1980=100) |
141 | 143 | 117 | 139 | 112 | 156 | 108 | 144 | 153 | 127 |
- Source: Statistical Yearbook of Comecon Countries 1989, Table 21, p. 59.
See also
References
- Khomenko, Tatiana (July 2006). "Estimation of Gross Social Product and Net Material Product in the USSR" (PDF). Hi-Stat Discussion Paper Series No.172. Institute of Economic Research, Hitotsubashi University, Tokyo.
- GDP (Валовой внутренний продукт) in Finansovo-Kreditnyi Slovar, Finansy i Statistika, Moscow (1984), vol. I, p. 185 (in Russian).
- Narodnoye khoziaystvo SSSR 1990, statistical yearbook of the USSR, State Committee of Statistics, Finansy i Statistika Publ. House, Moscow (1990), definition of национальный доход (NMP) on p. 687; definition of валовой национальный продукт (GDP) on p. 684 (in Russian).
- Statistical Yearbook of Comecon Countries 1989, Comecon Secretariat, Finansy i Statistsika Publ. House, Moscow (1989), definition of произведенный национальный доход (NMP) on p. 449 (in Russian).