Current account balance in Turks and Caicos Islands
Turks and Caicos Islands: Current account balance was 13.1% in 2018. ▼ Falling
Current account balance in Turks and Caicos Islands, 2014–2018
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for current account balance in Turks and Caicos Islands is 13.1%, measured in 2018.
That represents a change of up 349.6% on the previous year and up 16.5% over five years.
That places Turks and Caicos Islands 18th out of 200 countries with data for 2018, putting it in the top 10%.
Current account balance in Turks and Caicos Islands, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2014 | 11.3% | — |
| 2015 | 14.2% | +26.3% |
| 2016 | 20.6% | +44.3% |
| 2017 | 2.9% | -85.8% |
| 2018 | 13.1% | +349.6% |
Countries ranked near Turks and Caicos Islands
More economy & growth data for Turks and Caicos Islands
- Gross value added at basic prices (GVA) (current US$), per capita 30,877 current US$ per person (2024)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.7953 constant LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 5.54 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 50,305 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 1.34 constant 2015 US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 5.54 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 30,877 current LCU per person (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.8232 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.09 % change on previous year (2024)
- Services, value added (constant 2015 US$), per unit of GDP 1.1 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is current account balance in Turks and Caicos Islands?
- Current account balance in Turks and Caicos Islands was 13.1% in 2018, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Turks and Caicos Islands?
- The highest recorded value was 20.6% in 2016.
- What is the lowest current account balance recorded in Turks and Caicos Islands?
- The lowest recorded value was 2.9% in 2017.
- How does Turks and Caicos Islands rank for current account balance?
- Turks and Caicos Islands ranks 18th out of 200 countries with data for 2018.
- Where does this Turks and Caicos Islands data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.