GDP (constant 2015 US$), annual growth rate in Turks and Caicos Islands
Turks and Caicos Islands: GDP (constant 2015 US$), annual growth rate was 5.64 % change on previous year in 2024. ◆ Volatile
GDP (constant 2015 US$), annual growth rate in Turks and Caicos Islands, 2008–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gdp (constant 2015 us$), annual growth rate in Turks and Caicos Islands stood at 5.64 % change on previous year.
Compared with earlier readings it is down 58.9% on the previous year and down 35.3% over ten years.
Over the whole period, gdp (constant 2015 us$), annual growth rate in Turks and Caicos Islands peaked at 74.59 % change on previous year in 2017 and was at its lowest, -33.82 % change on previous year, in 2020.
Turks and Caicos Islands ranks 42nd of 210 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (constant 2015 US$), annual growth rate in Turks and Caicos Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2008 | 8.27 % change on previous year | — |
| 2009 | -19.55 % change on previous year | -336.3% |
| 2010 | 0.9849 % change on previous year | -105.0% |
| 2011 | 4.62 % change on previous year | +369.1% |
| 2012 | -2.67 % change on previous year | -157.7% |
| 2013 | 1.07 % change on previous year | -140.2% |
| 2014 | 8.71 % change on previous year | +713.5% |
| 2015 | 11.31 % change on previous year | +29.9% |
| 2016 | 7.25 % change on previous year | -35.9% |
| 2017 | 74.59 % change on previous year | +928.6% |
| 2018 | 6.75 % change on previous year | -90.9% |
| 2019 | 4.98 % change on previous year | -26.2% |
| 2020 | -33.82 % change on previous year | -778.8% |
| 2021 | 29.63 % change on previous year | -187.6% |
| 2022 | 14.09 % change on previous year | -52.5% |
| 2023 | 13.73 % change on previous year | -2.5% |
| 2024 | 5.64 % change on previous year | -58.9% |
Turks and Caicos Islands compared with similar countries
- Turks and Caicos Islands's 5.64 % change on previous year is above the median for high income countries, which is 2.15 % change on previous year, 2.6× the median. (80 countries reporting)
- Turks and Caicos Islands's 5.64 % change on previous year is above the median for Latin America & Caribbean, which is 3.22 % change on previous year, 1.8× the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -5.64 % change on previous year | -19.55 % change on previous year | 8.27 % change on previous year | 2 |
| 2010s | 11.76 % change on previous year | -2.67 % change on previous year | 74.59 % change on previous year | 10 |
| 2020s | 5.85 % change on previous year | -33.82 % change on previous year | 29.63 % change on previous year | 5 |
Countries ranked near Turks and Caicos Islands
- 39 Seychelles 5.8 % change on previous year compare
- 40 Democratic Republic of Congo 5.76 % change on previous year compare
- 41 Papua New Guinea 5.64 % change on previous year compare
- 43 Mali 5.6 % change on previous year compare
- 44 Chad 5.59 % change on previous year compare
- 45 Cambodia 5.35 % change on previous year compare
More economy & growth data for Turks and Caicos Islands
- GDP (current LCU), annual growth rate 6.51 % change on previous year (2024)
- GDP (constant LCU), annual growth rate 5.64 % change on previous year (2024)
- GDP (constant 2015 US$), per capita 57,179 constant 2015 US$ per person (2024)
- GDP (constant 2015 US$), per unit of GDP 1.52 constant 2015 US$ per US$ of GDP (2024)
- Manufacturing, value added (constant LCU), per capita 150.64 constant LCU per person (2024)
- GDP (current LCU), per capita 37,507 current LCU per person (2024)
- GDP (current LCU), per unit of GDP 1 current LCU per US$ of GDP (2024)
- Industry (including construction), value added (current US$), annual 4.89 % change on previous year (2024)
- Industry (including construction), value added (current US$), per 0.0934 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.7953 constant LCU per US$ of GDP (2024)
Frequently asked questions
- What is gdp (constant 2015 us$), annual growth rate in Turks and Caicos Islands?
- Gdp (constant 2015 us$), annual growth rate in Turks and Caicos Islands was 5.64 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp (constant 2015 us$), annual growth rate recorded in Turks and Caicos Islands?
- The highest recorded value was 74.59 % change on previous year in 2017.
- What is the lowest gdp (constant 2015 us$), annual growth rate recorded in Turks and Caicos Islands?
- The lowest recorded value was -33.82 % change on previous year in 2020.
- How does Turks and Caicos Islands rank for gdp (constant 2015 us$), annual growth rate?
- Turks and Caicos Islands ranks 42nd out of 210 countries with data for 2024.
- Is gdp (constant 2015 us$), annual growth rate 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 Statizoid (derived), published as part of GDP (constant 2015 US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in GDP (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.