Gross Domestic Product — Value US$ in Turks and Caicos Islands
Turks and Caicos Islands: Gross Domestic Product — Value US$ was 1,493 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Turks and Caicos Islands, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, gross domestic product — value us$ in Turks and Caicos Islands stood at 1,493 million USD. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 6.5% on the previous year and up 77.6% over ten years.
Over the whole period, gross domestic product — value us$ in Turks and Caicos Islands peaked at 1,493 million USD in 2024 and was at its lowest, 9.78 million USD, in 1970.
That places Turks and Caicos Islands 186th out of 203 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$ in Turks and Caicos Islands, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 9.78 million USD | — |
| 1971 | 11.01 million USD | +12.7% |
| 1972 | 12.4 million USD | +12.7% |
| 1973 | 13.97 million USD | +12.7% |
| 1974 | 15.74 million USD | +12.7% |
| 1975 | 17.73 million USD | +12.7% |
| 1976 | 19.98 million USD | +12.7% |
| 1977 | 22.5 million USD | +12.6% |
| 1978 | 25.35 million USD | +12.7% |
| 1979 | 28.56 million USD | +12.7% |
| 1980 | 32.18 million USD | +12.7% |
| 1981 | 36.25 million USD | +12.6% |
| 1982 | 40.82 million USD | +12.6% |
| 1983 | 45.99 million USD | +12.7% |
| 1984 | 51.83 million USD | +12.7% |
| 1985 | 58.38 million USD | +12.6% |
| 1986 | 65.75 million USD | +12.6% |
| 1987 | 73.98 million USD | +12.5% |
| 1988 | 83.49 million USD | +12.9% |
| 1989 | 94.18 million USD | +12.8% |
| 1990 | 105.91 million USD | +12.5% |
| 1991 | 119.08 million USD | +12.4% |
| 1992 | 133.4 million USD | +12.0% |
| 1993 | 152.91 million USD | +14.6% |
| 1994 | 171.95 million USD | +12.4% |
| 1995 | 190.5 million USD | +10.8% |
| 1996 | 214.02 million USD | +12.3% |
| 1997 | 235.32 million USD | +10.0% |
| 1998 | 265.16 million USD | +12.7% |
| 1999 | 294.59 million USD | +11.1% |
| 2000 | 319.44 million USD | +8.4% |
| 2001 | 358.75 million USD | +12.3% |
| 2002 | 366.71 million USD | +2.2% |
| 2003 | 409.75 million USD | +11.7% |
| 2004 | 485.6 million USD | +18.5% |
| 2005 | 578.65 million USD | +19.2% |
| 2006 | 721.89 million USD | +24.8% |
| 2007 | 773.49 million USD | +7.1% |
| 2008 | 862.68 million USD | +11.5% |
| 2009 | 703.18 million USD | -18.5% |
| 2010 | 686.79 million USD | -2.3% |
| 2011 | 728.79 million USD | +6.1% |
| 2012 | 727.16 million USD | -0.2% |
| 2013 | 754.24 million USD | +3.7% |
| 2014 | 841.07 million USD | +11.5% |
| 2015 | 942.07 million USD | +12.0% |
| 2016 | 1,032 million USD | +9.6% |
| 2017 | 1,022 million USD | -1.0% |
| 2018 | 1,113 million USD | +8.9% |
| 2019 | 1,197 million USD | +7.6% |
| 2020 | 924.58 million USD | -22.8% |
| 2021 | 1,046 million USD | +13.1% |
| 2022 | 1,229 million USD | +17.5% |
| 2023 | 1,402 million USD | +14.1% |
| 2024 | 1,493 million USD | +6.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 17.7 million USD | 9.78 million USD | 28.56 million USD | 10 |
| 1980s | 58.28 million USD | 32.18 million USD | 94.18 million USD | 10 |
| 1990s | 188.28 million USD | 105.91 million USD | 294.59 million USD | 10 |
| 2000s | 558.01 million USD | 319.44 million USD | 862.68 million USD | 10 |
| 2010s | 904.55 million USD | 686.79 million USD | 1,197 million USD | 10 |
| 2020s | 1,219 million USD | 924.58 million USD | 1,493 million USD | 5 |
Countries ranked near Turks and Caicos Islands
- 183 Solomon Islands 1,732 million USD compare
- 184 British Virgin Islands 1,565 million USD compare
- 185 Comoros 1,565 million USD compare
- 187 Grenada 1,384 million USD compare
- 188 Samoa 1,180 million USD compare
- 189 Saint Vincent and the Grenadines 1,177 million USD compare
More economy & growth data for Turks and Caicos Islands
- GDP (current LCU), annual growth rate 6.51 % change on previous year (2024)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1768 current US$ per US$ of GDP (2024)
- Taxes less subsidies on products (current US$), per capita 6,630 current US$ per person (2024)
- Taxes less subsidies on products (current LCU), annual growth rate 13.69 % change on previous year (2024)
- GDP (constant 2015 US$), annual growth rate 5.64 % change on previous year (2024)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.1768 current LCU per US$ of GDP (2024)
- Taxes less subsidies on products (current LCU), per capita 6,630 current LCU per person (2024)
- GDP (current LCU), per capita 37,507 current LCU per person (2024)
- GDP (current LCU), per unit of GDP 1 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 1.34 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is gross domestic product — value us$ in Turks and Caicos Islands?
- Gross domestic product — value us$ in Turks and Caicos Islands was 1,493 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Turks and Caicos Islands?
- The highest recorded value was 1,493 million USD in 2024.
- What is the lowest gross domestic product — value us$ recorded in Turks and Caicos Islands?
- The lowest recorded value was 9.78 million USD in 1970.
- How does Turks and Caicos Islands rank for gross domestic product — value us$?
- Turks and Caicos Islands ranks 186th out of 203 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in Turks and Caicos Islands?
- Over the last ten years it is up 77.6%. The long-run trend across the full record is volatile.
- Where does this Turks and Caicos Islands data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value US$. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).