Gross Fixed Capital Formation — Share of GDP Standard Local Currency in Turks and Caicos Islands
Turks and Caicos Islands: Gross Fixed Capital Formation — Share of GDP Standard Local Currency was 15.92 % in 2024. ▲ Rising
Gross Fixed Capital Formation — Share of GDP Standard Local Currency in Turks and Caicos Islands, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
Turks and Caicos Islands recorded 15.92 % for gross fixed capital formation — share of gdp standard local currency in 2024.
That represents a change of down 2.8% on the previous year and down 0.2% over ten years.
Over the whole period, gross fixed capital formation — share of gdp standard local currency in Turks and Caicos Islands peaked at 46.46 % in 2007 and was at its lowest, 11.5 %, in 1970.
Turks and Caicos Islands ranks 164th of 194 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Fixed Capital Formation — Share of GDP Standard Local Currency in Turks and Caicos Islands, year by year
| Year | % | Change |
|---|---|---|
| 1970 | 11.5 % | — |
| 1971 | 11.71 % | +1.8% |
| 1972 | 11.92 % | +1.8% |
| 1973 | 12.13 % | +1.8% |
| 1974 | 12.35 % | +1.8% |
| 1975 | 12.58 % | +1.8% |
| 1976 | 12.8 % | +1.8% |
| 1977 | 13.03 % | +1.8% |
| 1978 | 13.27 % | +1.8% |
| 1979 | 13.51 % | +1.8% |
| 1980 | 13.76 % | +1.9% |
| 1981 | 14.01 % | +1.8% |
| 1982 | 14.24 % | +1.6% |
| 1983 | 14.5 % | +1.8% |
| 1984 | 14.78 % | +2.0% |
| 1985 | 15.1 % | +2.2% |
| 1986 | 15.33 % | +1.5% |
| 1987 | 15.45 % | +0.8% |
| 1988 | 15.84 % | +2.6% |
| 1989 | 16.29 % | +2.8% |
| 1990 | 16.81 % | +3.2% |
| 1991 | 16.51 % | -1.7% |
| 1992 | 16.04 % | -2.9% |
| 1993 | 17.97 % | +12.1% |
| 1994 | 18.64 % | +3.7% |
| 1995 | 19.62 % | +5.3% |
| 1996 | 14.77 % | -24.7% |
| 1997 | 18.33 % | +24.1% |
| 1998 | 20.45 % | +11.5% |
| 1999 | 20.5 % | +0.3% |
| 2000 | 17.67 % | -13.8% |
| 2001 | 18.27 % | +3.4% |
| 2002 | 23.05 % | +26.1% |
| 2003 | 25.04 % | +8.6% |
| 2004 | 30.96 % | +23.6% |
| 2005 | 38.68 % | +24.9% |
| 2006 | 46.34 % | +19.8% |
| 2007 | 46.46 % | +0.3% |
| 2008 | 42.54 % | -8.4% |
| 2009 | 29.99 % | -29.5% |
| 2010 | 20.45 % | -31.8% |
| 2011 | 14.49 % | -29.1% |
| 2012 | 16.29 % | +12.4% |
| 2013 | 17.08 % | +4.8% |
| 2014 | 15.95 % | -6.6% |
| 2015 | 16.44 % | +3.1% |
| 2016 | 16.49 % | +0.3% |
| 2017 | 16.3 % | -1.2% |
| 2018 | 16.41 % | +0.7% |
| 2019 | 16.4 % | -0.1% |
| 2020 | 16.37 % | -0.2% |
| 2021 | 16.39 % | +0.1% |
| 2022 | 16.39 % | -0.0% |
| 2023 | 16.38 % | -0.0% |
| 2024 | 15.92 % | -2.8% |
Turks and Caicos Islands compared with similar countries
- Turks and Caicos Islands's 15.92 % is below the median for high income countries, which is 22.97 %, 69% of the median. (68 countries reporting)
- Turks and Caicos Islands's 15.92 % is below the median for Latin America & Caribbean, which is 21.21 %, 75% of the median. (37 countries reporting)
Biggest year-on-year movements
Years where Gross Fixed Capital Formation — Share of GDP Standard Local Currency 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 |
|---|---|---|---|
| 2010 | -31.8% | 29.99 % | 20.45 % |
| 2009 | -29.5% | 42.54 % | 29.99 % |
| 2011 | -29.1% | 20.45 % | 14.49 % |
| 2002 | +26.1% | 18.27 % | 23.05 % |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12.48 % | 11.5 % | 13.51 % | 10 |
| 1980s | 14.93 % | 13.76 % | 16.29 % | 10 |
| 1990s | 17.96 % | 14.77 % | 20.5 % | 10 |
| 2000s | 31.9 % | 17.67 % | 46.46 % | 10 |
| 2010s | 16.63 % | 14.49 % | 20.45 % | 10 |
| 2020s | 16.29 % | 15.92 % | 16.39 % | 5 |
Countries ranked near Turks and Caicos Islands
More economy & growth data for Turks and Caicos Islands
- GDP (current LCU), per unit of GDP 1 current LCU per US$ of GDP (2024)
- Industry (including construction), value added (current US$), per 0.0934 current US$ per US$ of GDP (2024)
- GDP (constant LCU), annual growth rate 5.64 % change on previous year (2024)
- GDP (constant 2015 US$), per capita 57,179 constant 2015 US$ per person (2024)
- GDP (constant 2015 US$), per unit of GDP 1.52 constant 2015 US$ per US$ of GDP (2024)
- Industry (including construction), value added (current US$), per 3,502 current US$ per person (2024)
- GDP (constant 2015 US$), annual growth rate 5.64 % change on previous year (2024)
- GDP (current LCU), per capita 37,507 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant LCU), per capita 29,831 constant LCU per person (2024)
- GDP (current US$), annual growth rate 6.51 % change on previous year (2024)
Frequently asked questions
- What is gross fixed capital formation — share of gdp standard local currency in Turks and Caicos Islands?
- Gross fixed capital formation — share of gdp standard local currency in Turks and Caicos Islands was 15.92 % in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — share of gdp standard local currency recorded in Turks and Caicos Islands?
- The highest recorded value was 46.46 % in 2007.
- What is the lowest gross fixed capital formation — share of gdp standard local currency recorded in Turks and Caicos Islands?
- The lowest recorded value was 11.5 % in 1970.
- How does Turks and Caicos Islands rank for gross fixed capital formation — share of gdp standard local currency?
- Turks and Caicos Islands ranks 164th out of 194 countries with data for 2024.
- Is gross fixed capital formation — share of gdp standard local currency rising or falling in Turks and Caicos Islands?
- Over the last ten years it is down 0.2%. The long-run trend across the full record is rising.
- 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 Fixed Capital Formation — Share of GDP Standard Local Currency, 2015 prices. 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).