GDP (current LCU) (Country official) in Turks and Caicos Islands
Turks and Caicos Islands: GDP (current LCU) (Country official) was 1.75 billion current LCU in 2024. ▲ Rising
GDP in Turks and Caicos Islands, 2000–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for gdp in Turks and Caicos Islands is 1.75 billion current LCU, measured in 2024. That is the highest value across all 25 years on record.
The figure is up 6.5% on the previous year and up 82.5% over ten years.
Over the whole period, gdp in Turks and Caicos Islands peaked at 1.75 billion current LCU in 2024 and was at its lowest, 319.44 million current LCU, in 2000.
That places Turks and Caicos Islands 205th out of 214 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 25 years of available data.
GDP (current LCU) (Country official) in Turks and Caicos Islands, year by year
| Year | current LCU | Change |
|---|---|---|
| 2000 | 319.44 million current LCU | — |
| 2001 | 358.75 million current LCU | +12.3% |
| 2002 | 366.71 million current LCU | +2.2% |
| 2003 | 409.75 million current LCU | +11.7% |
| 2004 | 485.60 million current LCU | +18.5% |
| 2005 | 578.65 million current LCU | +19.2% |
| 2006 | 721.89 million current LCU | +24.8% |
| 2007 | 773.49 million current LCU | +7.1% |
| 2008 | 862.68 million current LCU | +11.5% |
| 2009 | 703.18 million current LCU | -18.5% |
| 2010 | 686.79 million current LCU | -2.3% |
| 2011 | 842.94 million current LCU | +22.7% |
| 2012 | 832.85 million current LCU | -1.2% |
| 2013 | 863.33 million current LCU | +3.7% |
| 2014 | 956.61 million current LCU | +10.8% |
| 2015 | 1.08 billion current LCU | +12.7% |
| 2016 | 1.20 billion current LCU | +11.5% |
| 2017 | 1.20 billion current LCU | -0.3% |
| 2018 | 1.31 billion current LCU | +9.7% |
| 2019 | 1.37 billion current LCU | +4.4% |
| 2020 | 918.39 million current LCU | -33.1% |
| 2021 | 1.24 billion current LCU | +34.6% |
| 2022 | 1.43 billion current LCU | +16.0% |
| 2023 | 1.64 billion current LCU | +14.3% |
| 2024 | 1.75 billion current LCU | +6.5% |
Turks and Caicos Islands compared with similar countries
- Turks and Caicos Islands's 1.75 billion current LCU is below the median for high income countries, which is 211.72 billion current LCU, 1% of the median. (82 countries reporting)
- Turks and Caicos Islands's 1.75 billion current LCU is below the median for Latin America & Caribbean, which is 171.82 billion current LCU, 1% of the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 558.01 million current LCU | 319.44 million current LCU | 862.68 million current LCU | 10 |
| 2010s | 1.03 billion current LCU | 686.79 million current LCU | 1.37 billion current LCU | 10 |
| 2020s | 1.39 billion current LCU | 918.39 million current LCU | 1.75 billion current LCU | 5 |
Countries ranked near Turks and Caicos Islands
- 202 Dominica 1.95 billion current LCU compare
- 203 East Timor 1.90 billion current LCU compare
- 204 San Marino 1.87 billion current LCU compare
- 206 Tonga 1.63 billion current LCU compare
- 207 Northern Mariana Islands 1.10 billion current LCU compare
- 208 American Samoa 871.00 million current LCU compare
More economy & growth data for Turks and Caicos Islands
- Industry (including construction), value added (constant LCU), annual 9.05 % change on previous year (2024)
- GNI, Atlas method (current US$), per capita 36,764 current US$ per person (2024)
- GNI, Atlas method (current US$), per unit of GDP 0.9802 current US$ per US$ of GDP (2024)
- Industry (including construction), value added (constant 2015 US$) 6,332 constant 2015 US$ per person (2024)
- GNI, Atlas method (current US$), annual growth rate 2.69 % change on previous year (2024)
- GDP (constant LCU), per capita 34,867 constant LCU per person (2024)
- GDP (constant LCU), per unit of GDP 0.9296 constant LCU per US$ of GDP (2024)
- GDP (constant 2015 US$), annual growth rate 5.64 % change on previous year (2024)
- Industry (including construction), value added (constant LCU), per 0.0913 constant LCU per US$ of GDP (2024)
- GDP (constant 2015 US$), per unit of GDP 1.52 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is gdp in Turks and Caicos Islands?
- Gdp in Turks and Caicos Islands was 1.75 billion current 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 1.75 billion current LCU in 2024.
- What is the lowest gdp recorded in Turks and Caicos Islands?
- The lowest recorded value was 319.44 million current LCU in 2000.
- How does Turks and Caicos Islands rank for gdp?
- Turks and Caicos Islands ranks 205th out of 214 countries with data for 2024.
- Is gdp rising or falling in Turks and Caicos Islands?
- Over the last ten years it is up 82.5%. 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 (current LCU). 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.