Annual GDP growth in Turks and Caicos Islands
Turks and Caicos Islands: Annual GDP growth was 5.6% in 2024. ◆ Volatile
Annual GDP growth in Turks and Caicos Islands, 2008–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Turks and Caicos Islands recorded 5.6% for annual gdp growth in 2024.
That represents a change of down 58.9% on the previous year and down 35.3% over ten years.
Over the whole period, annual gdp growth in Turks and Caicos Islands peaked at 74.6% in 2017 and was at its lowest, -33.8%, in 2020.
That places Turks and Caicos Islands 27th out of 196 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Turks and Caicos Islands, year by year
| Year | Value | Change |
|---|---|---|
| 2008 | 8.3% | — |
| 2009 | -19.6% | -336.3% |
| 2010 | 1.0% | -105.0% |
| 2011 | 4.6% | +369.1% |
| 2012 | -2.7% | -157.7% |
| 2013 | 1.1% | -140.2% |
| 2014 | 8.7% | +713.5% |
| 2015 | 11.3% | +29.9% |
| 2016 | 7.3% | -35.9% |
| 2017 | 74.6% | +928.6% |
| 2018 | 6.8% | -90.9% |
| 2019 | 5.0% | -26.2% |
| 2020 | -33.8% | -778.8% |
| 2021 | 29.6% | -187.6% |
| 2022 | 14.1% | -52.5% |
| 2023 | 13.7% | -2.5% |
| 2024 | 5.6% | -58.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -5.6% | -19.6% | 8.3% | 2 |
| 2010s | 11.8% | -2.7% | 74.6% | 10 |
| 2020s | 5.9% | -33.8% | 29.6% | 5 |
Countries ranked near Turks and Caicos Islands
More economy & growth data for Turks and Caicos Islands
- GDP (constant 2015 US$), annual growth rate 5.64 % change on previous year (2024)
- GDP (current US$), per capita 37,507 current US$ per person (2024)
- GDP (current LCU), annual growth rate 6.51 % change on previous year (2024)
- GDP (current LCU), per unit of GDP 1 current LCU per US$ of GDP (2024)
- GDP (current LCU), per capita 37,507 current LCU per person (2024)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.1768 current LCU per US$ of GDP (2024)
- Taxes less subsidies on products (current LCU), annual growth rate 13.69 % change on previous year (2024)
- GDP (constant 2015 US$), per unit of GDP 1.52 constant 2015 US$ per US$ of GDP (2024)
- GDP (current US$), annual growth rate 6.51 % change on previous year (2024)
- Taxes less subsidies on products (current LCU), per capita 6,630 current LCU per person (2024)
Frequently asked questions
- What is annual gdp growth in Turks and Caicos Islands?
- Annual gdp growth in Turks and Caicos Islands was 5.6% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Turks and Caicos Islands?
- The highest recorded value was 74.6% in 2017.
- What is the lowest annual gdp growth recorded in Turks and Caicos Islands?
- The lowest recorded value was -33.8% in 2020.
- How does Turks and Caicos Islands rank for annual gdp growth?
- Turks and Caicos Islands ranks 27th out of 196 countries with data for 2024.
- Is annual gdp growth rising or falling in Turks and Caicos Islands?
- Over the last ten years it is down 35.3%. The long-run trend across the full record is volatile.
- Where does this Turks and Caicos Islands data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
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