Annual GDP growth (%) in Turks and Caicos Islands
Turks and Caicos Islands: Annual GDP growth (%) was 5.6% in 2024. ◆ Volatile
Latest (2024)
5.6%
Change on year
down 58.9%
World rank
33rd
of 230 countries
All-time high
74.6%
in 2017
All-time low
-33.8%
in 2020
Years of data
17
2008–2024
Annual GDP growth in Turks and Caicos Islands, 2008–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
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 33rd out of 230 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 | % | 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% |
Turks and Caicos Islands compared with similar countries
- Turks and Caicos Islands's 5.6% is above the median for high income countries, which is 2.1%, 2.7× the median. (80 countries reporting)
- Turks and Caicos Islands's 5.6% is above the median for Latin America & Caribbean, which is 3.3%, 1.7× the median. (39 countries reporting)
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
- 30 Armenia 5.9% compare
- 31 Cayman Islands 5.8% compare
- 32 Philippines 5.7% compare
- 34 Micronesia 5.6% compare
- 35 Ghana 5.6% compare
- 36 Gambia 5.6% compare
More economy & growth data for Turks and Caicos Islands
- GDP (constant LCU), annual growth rate 5.64 % change on previous year (2024)
- GNI, Atlas method (current US$), per unit of GDP 0.9802 current US$ per US$ of GDP (2024)
- Industry (including construction), value added (constant 2015 US$) 0.1688 constant 2015 US$ per US$ of GDP (2024)
- GNI, Atlas method (current US$), annual growth rate 2.69 % change on previous year (2024)
- GDP (constant LCU), per capita 34,867 constant LCU per person (2024)
- GDP (constant LCU), per unit of GDP 0.9296 constant LCU per US$ of GDP (2024)
- Industry (including construction), value added (constant 2015 US$) 6,332 constant 2015 US$ per person (2024)
- GDP (current LCU), per capita 37,507 current LCU per person (2024)
- GDP (constant 2015 US$), annual growth rate 5.64 % change on previous year (2024)
- Industry (including construction), value added (constant LCU), annual 9.05 % change on previous year (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 33rd out of 230 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.
Download this data
CSV · JSON — 17 observations, free to reuse under UN SDG Global Database (open, attribution requested).