Gross Domestic Product — Value Standard Local Currency, annual growth in Turks and Caicos Islands
Turks and Caicos Islands: Gross Domestic Product — Value Standard Local Currency, annual growth was 6.51 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, annual growth in Turks and Caicos Islands, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Turks and Caicos Islands recorded 6.51 % change on previous year for gross domestic product — value standard local currency, annual growth in 2024.
The figure is down 53.8% on the previous year and down 43.4% over ten years.
Over the whole period, gross domestic product — value standard local currency, annual growth in Turks and Caicos Islands peaked at 24.76 % change on previous year in 2006 and was at its lowest, -22.79 % change on previous year, in 2020.
That places Turks and Caicos Islands 117th out of 218 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency, annual growth in Turks and Caicos Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 12.65 % change on previous year | — |
| 1972 | 12.65 % change on previous year | +0.0% |
| 1973 | 12.65 % change on previous year | -0.0% |
| 1974 | 12.65 % change on previous year | +0.0% |
| 1975 | 12.65 % change on previous year | +0.0% |
| 1976 | 12.65 % change on previous year | -0.0% |
| 1977 | 12.65 % change on previous year | -0.0% |
| 1978 | 12.65 % change on previous year | +0.0% |
| 1979 | 12.66 % change on previous year | +0.1% |
| 1980 | 12.66 % change on previous year | -0.0% |
| 1981 | 12.65 % change on previous year | -0.1% |
| 1982 | 12.63 % change on previous year | -0.2% |
| 1983 | 12.67 % change on previous year | +0.3% |
| 1984 | 12.69 % change on previous year | +0.2% |
| 1985 | 12.65 % change on previous year | -0.3% |
| 1986 | 12.61 % change on previous year | -0.3% |
| 1987 | 12.52 % change on previous year | -0.8% |
| 1988 | 12.86 % change on previous year | +2.8% |
| 1989 | 12.8 % change on previous year | -0.5% |
| 1990 | 12.46 % change on previous year | -2.6% |
| 1991 | 12.44 % change on previous year | -0.2% |
| 1992 | 12.02 % change on previous year | -3.4% |
| 1993 | 14.63 % change on previous year | +21.7% |
| 1994 | 12.45 % change on previous year | -14.9% |
| 1995 | 10.79 % change on previous year | -13.3% |
| 1996 | 12.34 % change on previous year | +14.4% |
| 1997 | 9.95 % change on previous year | -19.4% |
| 1998 | 12.68 % change on previous year | +27.4% |
| 1999 | 11.1 % change on previous year | -12.5% |
| 2000 | 8.44 % change on previous year | -24.0% |
| 2001 | 12.3 % change on previous year | +45.8% |
| 2002 | 2.22 % change on previous year | -82.0% |
| 2003 | 11.74 % change on previous year | +428.8% |
| 2004 | 18.51 % change on previous year | +57.7% |
| 2005 | 19.16 % change on previous year | +3.5% |
| 2006 | 24.76 % change on previous year | +29.2% |
| 2007 | 7.15 % change on previous year | -71.1% |
| 2008 | 11.53 % change on previous year | +61.3% |
| 2009 | -18.49 % change on previous year | -260.3% |
| 2010 | -2.33 % change on previous year | -87.4% |
| 2011 | 6.12 % change on previous year | -362.4% |
| 2012 | -0.2235 % change on previous year | -103.7% |
| 2013 | 3.72 % change on previous year | -1765.9% |
| 2014 | 11.51 % change on previous year | +209.2% |
| 2015 | 12.01 % change on previous year | +4.3% |
| 2016 | 9.59 % change on previous year | -20.1% |
| 2017 | -0.9773 % change on previous year | -110.2% |
| 2018 | 8.88 % change on previous year | -1009.0% |
| 2019 | 7.57 % change on previous year | -14.8% |
| 2020 | -22.79 % change on previous year | -401.1% |
| 2021 | 13.11 % change on previous year | -157.5% |
| 2022 | 17.5 % change on previous year | +33.5% |
| 2023 | 14.1 % change on previous year | -19.4% |
| 2024 | 6.51 % change on previous year | -53.8% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency, annual growth in Turks and Caicos Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2013 | +1765.9% | -0.2235 % change on previous year | 3.72 % change on previous year |
| 2018 | +1009.0% | -0.9773 % change on previous year | 8.88 % change on previous year |
| 2003 | +428.8% | 2.22 % change on previous year | 11.74 % change on previous year |
| 2020 | -401.1% | 7.57 % change on previous year | -22.79 % change on previous year |
| 2011 | +362.4% | -2.33 % change on previous year | 6.12 % change on previous year |
| 2009 | -260.3% | 11.53 % change on previous year | -18.49 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12.65 % change on previous year | 12.65 % change on previous year | 12.66 % change on previous year | 9 |
| 1980s | 12.67 % change on previous year | 12.52 % change on previous year | 12.86 % change on previous year | 10 |
| 1990s | 12.09 % change on previous year | 9.95 % change on previous year | 14.63 % change on previous year | 10 |
| 2000s | 9.73 % change on previous year | -18.49 % change on previous year | 24.76 % change on previous year | 10 |
| 2010s | 5.59 % change on previous year | -2.33 % change on previous year | 12.01 % change on previous year | 10 |
| 2020s | 5.69 % change on previous year | -22.79 % change on previous year | 17.5 % change on previous year | 5 |
Countries ranked near Turks and Caicos Islands
- 114 Barbados 6.61 % change on previous year compare
- 115 Sint Maarten (Dutch part) 6.6 % change on previous year compare
- 116 Lesotho 6.54 % change on previous year compare
- 118 China, Hong Kong SAR 6.48 % change on previous year compare
- 119 Mexico 6.46 % change on previous year compare
- 120 Portugal 6.44 % change on previous year 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 gross domestic product — value standard local currency, annual growth in Turks and Caicos Islands?
- Gross domestic product — value standard local currency, annual growth in Turks and Caicos Islands was 6.51 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, annual growth recorded in Turks and Caicos Islands?
- The highest recorded value was 24.76 % change on previous year in 2006.
- What is the lowest gross domestic product — value standard local currency, annual growth recorded in Turks and Caicos Islands?
- The lowest recorded value was -22.79 % change on previous year in 2020.
- How does Turks and Caicos Islands rank for gross domestic product — value standard local currency, annual growth?
- Turks and Caicos Islands ranks 117th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency, annual growth rising or falling in Turks and Caicos Islands?
- Over the last ten years it is down 43.4%. 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 Gross Domestic Product — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency Food and Agriculture Organization of the United Nations
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 Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.