GDP in Turks and Caicos Islands
Turks and Caicos Islands: GDP was 1.75 billion current US$ in 2024. ▲ Rising
GDP in Turks and Caicos Islands, 2001–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
Turks and Caicos Islands recorded 1.75 billion current US$ for gdp in 2024. That is the highest value across all 24 years on record.
That represents a change of 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 US$ in 2024 and was at its lowest, 358.75 million current US$, in 2001.
That places Turks and Caicos Islands 198th out of 214 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 24 years of available data.
GDP in Turks and Caicos Islands, year by year
| Year | current US$ | Change |
|---|---|---|
| 2001 | 358.75 million current US$ | — |
| 2002 | 366.71 million current US$ | +2.2% |
| 2003 | 409.75 million current US$ | +11.7% |
| 2004 | 485.60 million current US$ | +18.5% |
| 2005 | 578.65 million current US$ | +19.2% |
| 2006 | 721.89 million current US$ | +24.8% |
| 2007 | 773.49 million current US$ | +7.1% |
| 2008 | 862.68 million current US$ | +11.5% |
| 2009 | 703.18 million current US$ | -18.5% |
| 2010 | 686.79 million current US$ | -2.3% |
| 2011 | 842.94 million current US$ | +22.7% |
| 2012 | 832.85 million current US$ | -1.2% |
| 2013 | 863.33 million current US$ | +3.7% |
| 2014 | 956.61 million current US$ | +10.8% |
| 2015 | 1.08 billion current US$ | +12.7% |
| 2016 | 1.20 billion current US$ | +11.5% |
| 2017 | 1.20 billion current US$ | -0.3% |
| 2018 | 1.31 billion current US$ | +9.7% |
| 2019 | 1.37 billion current US$ | +4.4% |
| 2020 | 918.39 million current US$ | -33.1% |
| 2021 | 1.24 billion current US$ | +34.6% |
| 2022 | 1.43 billion current US$ | +16.0% |
| 2023 | 1.64 billion current US$ | +14.3% |
| 2024 | 1.75 billion current US$ | +6.5% |
Turks and Caicos Islands compared with similar countries
- Turks and Caicos Islands's 1.75 billion current US$ is below the median for high income countries, which is 102.03 billion current US$, 2% of the median. (82 countries reporting)
- Turks and Caicos Islands's 1.75 billion current US$ is below the median for Latin America & Caribbean, which is 29.59 billion current US$, 6% of the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 584.52 million current US$ | 358.75 million current US$ | 862.68 million current US$ | 9 |
| 2010s | 1.03 billion current US$ | 686.79 million current US$ | 1.37 billion current US$ | 10 |
| 2020s | 1.39 billion current US$ | 918.39 million current US$ | 1.75 billion current US$ | 5 |
Countries ranked near Turks and Caicos Islands
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 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 1.75 billion current US$ in 2024.
- What is the lowest gdp recorded in Turks and Caicos Islands?
- The lowest recorded value was 358.75 million current US$ in 2001.
- How does Turks and Caicos Islands rank for gdp?
- Turks and Caicos Islands ranks 198th 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 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.