GDP growth in Turks and Caicos Islands
Turks and Caicos Islands: GDP growth was 5.6% in 2024. ◆ Volatile
GDP growth in Turks and Caicos Islands, 2008–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual %.
Analysis
Turks and Caicos Islands recorded 5.6% for gdp growth in 2024.
That represents a change of down 58.9% on the previous year and down 35.3% over ten years.
Over the whole period, gdp growth in Turks and Caicos Islands peaked at 74.6% in 2017 and was at its lowest, -33.8%, 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 growth in Turks and Caicos Islands, year by year
| Year | annual % | Change |
|---|---|---|
| 2008 | 8.3% | — |
| 2009 | -19.6% | -336.3% |
| 2010 | 1.0% | -105.0% |
| 2011 | 4.6% | +369.1% |
| 2012 | -2.7% | -157.7% |
| 2013 | 1.1% | -140.2% |
| 2014 | 8.7% | +713.5% |
| 2015 | 11.3% | +29.9% |
| 2016 | 7.3% | -35.9% |
| 2017 | 74.6% | +928.6% |
| 2018 | 6.8% | -90.9% |
| 2019 | 5.0% | -26.2% |
| 2020 | -33.8% | -778.8% |
| 2021 | 29.6% | -187.6% |
| 2022 | 14.1% | -52.5% |
| 2023 | 13.7% | -2.5% |
| 2024 | 5.6% | -58.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -5.6% | -19.6% | 8.3% | 2 |
| 2010s | 11.8% | -2.7% | 74.6% | 10 |
| 2020s | 5.9% | -33.8% | 29.6% | 5 |
Countries ranked near Turks and Caicos Islands
- 39 Seychelles 5.8% compare
- 40 Congo, Democratic Republic of the 5.8% compare
- 41 Papua New Guinea 5.6% compare
- 43 Mali 5.6% compare
- 44 Chad 5.6% compare
- 45 Cambodia 5.3% compare
More economy & growth data for Turks and Caicos Islands
- GDP (constant 2015 US$), annual growth rate 5.64 % change on previous year (2024)
- GDP (current US$), per capita 37,507 current US$ per person (2024)
- GDP (current LCU), annual growth rate 6.51 % change on previous year (2024)
- GDP (current LCU), per unit of GDP 1 current LCU per US$ of GDP (2024)
- GDP (current LCU), per capita 37,507 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)
- GDP (constant 2015 US$), per unit of GDP 1.52 constant 2015 US$ per US$ of GDP (2024)
- GDP (current US$), annual growth rate 6.51 % change on previous year (2024)
- Taxes less subsidies on products (current LCU), per capita 6,630 current LCU per person (2024)
Frequently asked questions
- What is gdp growth in Turks and Caicos Islands?
- Gdp growth in Turks and Caicos Islands was 5.6% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp growth recorded in Turks and Caicos Islands?
- The highest recorded value was 74.6% in 2017.
- What is the lowest gdp growth recorded in Turks and Caicos Islands?
- The lowest recorded value was -33.8% in 2020.
- How does Turks and Caicos Islands rank for gdp growth?
- Turks and Caicos Islands ranks 42nd out of 213 countries with data for 2024.
- Is gdp growth 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 Country official statistics, National Statistical Organizations and/or Central Banks, published as part of GDP growth (annual %). 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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.