Balanced trade in services in Turks and Caicos Islands
Turks and Caicos Islands: Balanced trade in services was 0.8735 US dollars, exchange rate converted in 2024. ▲ Rising
Balanced trade in services in Turks and Caicos Islands, 2005–2024
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, exchange rate converted.
Analysis
The most recent figure for balanced trade in services in Turks and Caicos Islands is 0.8735 US dollars, exchange rate converted, measured in 2024. That is the highest value across all 20 years on record.
That represents a change of up 8.2% on the previous year and up 80.2% over ten years.
Over the whole period, balanced trade in services in Turks and Caicos Islands peaked at 0.8735 US dollars, exchange rate converted in 2024 and was at its lowest, 0.276 US dollars, exchange rate converted, in 2005.
Turks and Caicos Islands ranks 129th of 174 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Balanced trade in services in Turks and Caicos Islands, year by year
| Year | US dollars, exchange rate converted | Change |
|---|---|---|
| 2005 | 0.276 US dollars, exchange rate converted | — |
| 2006 | 0.3176 US dollars, exchange rate converted | +15.1% |
| 2007 | 0.357 US dollars, exchange rate converted | +12.4% |
| 2008 | 0.4204 US dollars, exchange rate converted | +17.7% |
| 2009 | 0.3582 US dollars, exchange rate converted | -14.8% |
| 2010 | 0.3424 US dollars, exchange rate converted | -4.4% |
| 2011 | 0.3661 US dollars, exchange rate converted | +6.9% |
| 2012 | 0.3828 US dollars, exchange rate converted | +4.6% |
| 2013 | 0.4182 US dollars, exchange rate converted | +9.3% |
| 2014 | 0.4849 US dollars, exchange rate converted | +15.9% |
| 2015 | 0.5572 US dollars, exchange rate converted | +14.9% |
| 2016 | 0.5816 US dollars, exchange rate converted | +4.4% |
| 2017 | 0.5967 US dollars, exchange rate converted | +2.6% |
| 2018 | 0.6628 US dollars, exchange rate converted | +11.1% |
| 2019 | 0.6813 US dollars, exchange rate converted | +2.8% |
| 2020 | 0.2797 US dollars, exchange rate converted | -58.9% |
| 2021 | 0.4926 US dollars, exchange rate converted | +76.1% |
| 2022 | 0.6852 US dollars, exchange rate converted | +39.1% |
| 2023 | 0.8075 US dollars, exchange rate converted | +17.9% |
| 2024 | 0.8735 US dollars, exchange rate converted | +8.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.3458 US dollars, exchange rate converted | 0.276 US dollars, exchange rate converted | 0.4204 US dollars, exchange rate converted | 5 |
| 2010s | 0.5074 US dollars, exchange rate converted | 0.3424 US dollars, exchange rate converted | 0.6813 US dollars, exchange rate converted | 10 |
| 2020s | 0.6277 US dollars, exchange rate converted | 0.2797 US dollars, exchange rate converted | 0.8735 US dollars, exchange rate converted | 5 |
Countries ranked near Turks and Caicos Islands
- 126 Belize 0.8966 US dollars, exchange rate converted compare
- 127 Albania 0.8962 US dollars, exchange rate converted compare
- 128 Mali 0.8899 US dollars, exchange rate converted compare
- 130 Bangladesh 0.8643 US dollars, exchange rate converted compare
- 131 Liberia 0.8136 US dollars, exchange rate converted compare
- 132 Cambodia 0.7794 US dollars, exchange rate converted compare
More economy & growth data for Turks and Caicos Islands
- Taxes less subsidies on products (current US$), per unit of GDP 0.1768 current US$ per US$ of GDP (2024)
- GNI (current LCU), annual growth rate 4.9 % change on previous year (2024)
- GNI (current LCU), per capita 37,002 current LCU per person (2024)
- Net primary income (Net income from abroad) (current US$), annual -939.29 % change on previous year (2024)
- Net primary income (Net income from abroad) (current LCU), annual -939.29 % change on previous year (2024)
- Taxes less subsidies on products (current US$), annual growth rate 13.69 % change on previous year (2024)
- Manufacturing value added to gdp, per capita 0 units per person (2024)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (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)
Frequently asked questions
- What is balanced trade in services in Turks and Caicos Islands?
- Balanced trade in services in Turks and Caicos Islands was 0.8735 US dollars, exchange rate converted in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest balanced trade in services recorded in Turks and Caicos Islands?
- The highest recorded value was 0.8735 US dollars, exchange rate converted in 2024.
- What is the lowest balanced trade in services recorded in Turks and Caicos Islands?
- The lowest recorded value was 0.276 US dollars, exchange rate converted in 2005.
- How does Turks and Caicos Islands rank for balanced trade in services?
- Turks and Caicos Islands ranks 129th out of 174 countries with data for 2024.
- Is balanced trade in services rising or falling in Turks and Caicos Islands?
- Over the last ten years it is up 80.2%. The long-run trend across the full record is rising.
- Where does this Turks and Caicos Islands data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Balanced trade in services (BaTIS). Statizoid updates them automatically from the source API.
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About this data
The OECD-WTO Balanced Trade in Services (BaTIS) dataset is a complete, consistent, and balanced matrix of international trade in services statistics (ITSS). It contains annual bilateral data covering 202 reporters and partners, broken down by total services and 26 EBOPS 2010 (BPM6) categories from 2005 to 2024. BaTIS is the result of joint efforts by the OECD and WTO. Two main features enable BaTIS to stand out as the international benchmark for any analysis on international trade in services: BaTIS is complete and consistent. At present, only around 65% of world trade in services is bilaterally specified, and the percentage is even lower for the individual service categories. The OECD-WTO methodology leverages all available official statistics and combines them with estimations and adjustments to provide users with a complete matrix covering virtually all economies in the world. BaTIS is balanced. To resolve the asymmetries between reported and mirror flows, exports and imports are reconciled by calculating a symmetry-index weighted average between the two, following a similar approach to that developed for international merchandise trade statistics. Batis provides three measures for each trade flow (under the ‘adjustment’ dimension): Reported. Reflects the value officially reported by the country (where available), some values are rescaled to fit world totals. Adjusted and/or imputed. Reflects, in addition to the reported values, any adjustments made to ensure internal consistency as well as the estimations made by the OECD-WTO to fill in the gaps in the reported information. Balanced. Reflects the reconciled bilateral trade flow, where exports equal mirror imports. Official information on bilateral trade flows was collected from OECD, Eurostat, national sources as well as UNSD. The WTO-UNCTAD trade in services dataset, based on a number of primary sources complemented with estimations, was the main source for data with partner world. The BaTIS dataset can be used as a stand-alone input for economic analysis and policy-making. In addition, balanced trade in services data form an essential input to the OECD Trade in Value Added (TiVA) initiative, for which a balanced view of international trade is crucial. BaTIS is intended to be regularly updated and constantly improved as new data become available. For more information on the methodology, please refer to the technical paper accompanying this dataset The OECD-WTO Balanced Trade in Services (BaTIS) For more information on balanced trade statistics, please go to the topic related OECD page Balanced trade statistics Users are encouraged to send their questions, or to signal any apparent errors, regarding this database to STAT.Contact@oecd.org https://www.oecd.org/en/about/directorates/statistics-and-data-directorate.html