GDP in Turks and Caicos Islands
Turks and Caicos Islands: GDP was 1.62 billion constant LCU 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 LCU.
Analysis
The most recent figure for gdp in Turks and Caicos Islands is 1.62 billion constant LCU, measured 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 1.62 billion constant LCU in 2024 and was at its lowest, 522.78 million constant LCU, in 2009.
That places Turks and Caicos Islands 202nd out of 213 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 LCU | Change |
|---|---|---|
| 2007 | 600.18 million constant LCU | — |
| 2008 | 649.82 million constant LCU | +8.3% |
| 2009 | 522.78 million constant LCU | -19.6% |
| 2010 | 527.93 million constant LCU | +1.0% |
| 2011 | 552.32 million constant LCU | +4.6% |
| 2012 | 537.60 million constant LCU | -2.7% |
| 2013 | 543.35 million constant LCU | +1.1% |
| 2014 | 590.68 million constant LCU | +8.7% |
| 2015 | 657.52 million constant LCU | +11.3% |
| 2016 | 705.20 million constant LCU | +7.3% |
| 2017 | 1.23 billion constant LCU | +74.6% |
| 2018 | 1.31 billion constant LCU | +6.8% |
| 2019 | 1.38 billion constant LCU | +5.0% |
| 2020 | 913.20 million constant LCU | -33.8% |
| 2021 | 1.18 billion constant LCU | +29.6% |
| 2022 | 1.35 billion constant LCU | +14.1% |
| 2023 | 1.54 billion constant LCU | +13.7% |
| 2024 | 1.62 billion constant LCU | +5.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 590.93 million constant LCU | 522.78 million constant LCU | 649.82 million constant LCU | 3 |
| 2010s | 803.99 million constant LCU | 527.93 million constant LCU | 1.38 billion constant LCU | 10 |
| 2020s | 1.32 billion constant LCU | 913.20 million constant LCU | 1.62 billion constant LCU | 5 |
Countries ranked near Turks and Caicos Islands
- 199 Saint Kitts and Nevis 2.37 billion constant LCU compare
- 200 Dominica 1.88 billion constant LCU compare
- 201 Timor-Leste 1.72 billion constant LCU compare
- 203 San Marino 1.42 billion constant LCU compare
- 204 Tonga 1.08 billion constant LCU compare
- 205 Northern Mariana Islands 813.00 million constant LCU compare
More economy & growth data for Turks and Caicos Islands
- Taxes less subsidies on products (current US$), per capita 6,630 current US$ per person (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, per unit of GDP 1.52 units per US$ of GDP (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)
- Taxes less subsidies on products (current LCU), annual growth rate 13.69 % change on previous year (2024)
- GNI (current LCU), per unit of GDP 0.9865 current LCU per US$ of GDP (2024)
- GNI (current LCU), per capita 37,002 current LCU per person (2024)
Frequently asked questions
- What is gdp in Turks and Caicos Islands?
- Gdp in Turks and Caicos Islands was 1.62 billion constant LCU 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 1.62 billion constant LCU in 2024.
- What is the lowest gdp recorded in Turks and Caicos Islands?
- The lowest recorded value was 522.78 million constant LCU in 2009.
- How does Turks and Caicos Islands rank for gdp?
- Turks and Caicos Islands ranks 202nd out of 213 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 LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 18 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 varies by country. This series is expressed in local currency units.