GDP (constant LCU), annual growth rate in Turks and Caicos Islands
Turks and Caicos Islands: GDP (constant LCU), annual growth rate was 5.64 % change on previous year in 2024. ◆ Volatile
GDP (constant LCU), annual growth rate in Turks and Caicos Islands, 2008–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gdp (constant lcu), annual growth rate in Turks and Caicos Islands stood at 5.64 % change on previous year.
That represents a change of down 58.9% on the previous year and down 35.3% over ten years.
Over the whole period, gdp (constant lcu), 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 213 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 LCU), 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% |
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 Congo, Democratic Republic of the 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
- 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 2015 US$), per 50,305 constant 2015 US$ per person (2024)
- Taxes less subsidies on products (current LCU), per capita 6,630 current LCU per person (2024)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.1768 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 5.54 % change on previous year (2024)
- Taxes less subsidies on products (current LCU), annual growth rate 13.69 % change on previous year (2024)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1768 current US$ per US$ of GDP (2024)
- Taxes less subsidies on products (current US$), annual growth rate 13.69 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant LCU), per capita 29,831 constant LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 1.34 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is gdp (constant lcu), annual growth rate in Turks and Caicos Islands?
- Gdp (constant lcu), 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 lcu), 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 lcu), 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 lcu), annual growth rate?
- Turks and Caicos Islands ranks 42nd out of 213 countries with data for 2024.
- Is gdp (constant lcu), 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 LCU), 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 LCU). 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 LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.