GDP in Turks and Caicos Islands
Turks and Caicos Islands: GDP was 2.66 billion constant 2015 US$ in 2024. ▲ Rising
GDP in Turks and Caicos Islands, 2007–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
Turks and Caicos Islands recorded 2.66 billion constant 2015 US$ for gdp in 2024. That is the highest value across all 18 years on record.
Compared with earlier readings it is up 5.6% on the previous year and up 174.7% over ten years.
Over the whole period, gdp in Turks and Caicos Islands peaked at 2.66 billion constant 2015 US$ in 2024 and was at its lowest, 857.31 million constant 2015 US$, in 2009.
That places Turks and Caicos Islands 180th out of 210 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 18 years of available data.
GDP in Turks and Caicos Islands, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2007 | 984.24 million constant 2015 US$ | — |
| 2008 | 1.07 billion constant 2015 US$ | +8.3% |
| 2009 | 857.31 million constant 2015 US$ | -19.6% |
| 2010 | 865.76 million constant 2015 US$ | +1.0% |
| 2011 | 905.76 million constant 2015 US$ | +4.6% |
| 2012 | 881.61 million constant 2015 US$ | -2.7% |
| 2013 | 891.05 million constant 2015 US$ | +1.1% |
| 2014 | 968.67 million constant 2015 US$ | +8.7% |
| 2015 | 1.08 billion constant 2015 US$ | +11.3% |
| 2016 | 1.16 billion constant 2015 US$ | +7.3% |
| 2017 | 2.02 billion constant 2015 US$ | +74.6% |
| 2018 | 2.16 billion constant 2015 US$ | +6.8% |
| 2019 | 2.26 billion constant 2015 US$ | +5.0% |
| 2020 | 1.50 billion constant 2015 US$ | -33.8% |
| 2021 | 1.94 billion constant 2015 US$ | +29.6% |
| 2022 | 2.21 billion constant 2015 US$ | +14.1% |
| 2023 | 2.52 billion constant 2015 US$ | +13.7% |
| 2024 | 2.66 billion constant 2015 US$ | +5.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 969.07 million constant 2015 US$ | 857.31 million constant 2015 US$ | 1.07 billion constant 2015 US$ | 3 |
| 2010s | 1.32 billion constant 2015 US$ | 865.76 million constant 2015 US$ | 2.26 billion constant 2015 US$ | 10 |
| 2020s | 2.17 billion constant 2015 US$ | 1.50 billion constant 2015 US$ | 2.66 billion constant 2015 US$ | 5 |
Countries ranked near Turks and Caicos Islands
- 177 Greenland 2.84 billion constant 2015 US$ compare
- 178 Curaçao 2.81 billion constant 2015 US$ compare
- 179 Belize 2.70 billion constant 2015 US$ compare
- 181 Cape Verde 2.48 billion constant 2015 US$ compare
- 182 Lesotho 2.41 billion constant 2015 US$ compare
- 183 Eritrea 2.25 billion constant 2015 US$ compare
More economy & growth data for Turks and Caicos Islands
- Taxes less subsidies on products (current LCU), per unit of GDP 0.1768 current LCU per US$ of GDP (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)
- Gdp worldbank constant usd, per capita 57,179 units per person (2024)
- Gdp worldbank constant usd, annual growth rate 5.64 % change on previous year (2024)
- Taxes less subsidies on products (current LCU), per capita 6,630 current LCU per person (2024)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1768 current US$ per US$ of GDP (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$), annual growth rate 13.69 % change on previous year (2024)
- Gdp worldbank constant usd, per unit of GDP 1.52 units per US$ of GDP (2024)
Frequently asked questions
- What is gdp in Turks and Caicos Islands?
- Gdp in Turks and Caicos Islands was 2.66 billion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp recorded in Turks and Caicos Islands?
- The highest recorded value was 2.66 billion constant 2015 US$ in 2024.
- What is the lowest gdp recorded in Turks and Caicos Islands?
- The lowest recorded value was 857.31 million constant 2015 US$ in 2009.
- How does Turks and Caicos Islands rank for gdp?
- Turks and Caicos Islands ranks 180th out of 210 countries with data for 2024.
- Is gdp rising or falling in Turks and Caicos Islands?
- Over the last ten years it is up 174.7%. The long-run trend across the full record is rising.
- Where does this Turks and Caicos Islands data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of GDP (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.