Gross value added at basic prices (GVA) … 2015 annual growth rate in Turks and Caicos Islands
Turks and Caicos Islands: Gross value added at basic prices (GVA) … 2015 annual growth rate was 5.54 % change on previous year in 2024. ◆ Volatile
Gross value added at basic prices (GVA) (constant 2015 US$), annual in Turks and Caicos Islands, 2008–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross value added at basic prices (gva) (constant 2015 us$), annual in Turks and Caicos Islands is 5.54 % change on previous year, measured in 2024.
The figure is down 61.0% on the previous year and down 14.4% over ten years.
Over the whole period, gross value added at basic prices (gva) (constant 2015 us$), annual in Turks and Caicos Islands peaked at 79.44 % change on previous year in 2017 and was at its lowest, -33.93 % change on previous year, in 2020.
Turks and Caicos Islands ranks 40th of 193 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) … 2015 annual growth rate in Turks and Caicos Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2008 | 11.08 % change on previous year | — |
| 2009 | -20.62 % change on previous year | -286.1% |
| 2010 | 0.156 % change on previous year | -100.8% |
| 2011 | 4.74 % change on previous year | +2937.8% |
| 2012 | -4.97 % change on previous year | -204.8% |
| 2013 | 1.45 % change on previous year | -129.3% |
| 2014 | 6.47 % change on previous year | +345.0% |
| 2015 | 10.1 % change on previous year | +56.0% |
| 2016 | 8.85 % change on previous year | -12.4% |
| 2017 | 79.44 % change on previous year | +797.9% |
| 2018 | 6.77 % change on previous year | -91.5% |
| 2019 | 5.08 % change on previous year | -25.0% |
| 2020 | -33.93 % change on previous year | -768.2% |
| 2021 | 29.75 % change on previous year | -187.7% |
| 2022 | 14.14 % change on previous year | -52.5% |
| 2023 | 14.21 % change on previous year | +0.5% |
| 2024 | 5.54 % change on previous year | -61.0% |
Turks and Caicos Islands compared with similar countries
- Turks and Caicos Islands's 5.54 % change on previous year is above the median for high income countries, which is 1.99 % change on previous year, 2.8× the median. (69 countries reporting)
- Turks and Caicos Islands's 5.54 % change on previous year is above the median for Latin America & Caribbean, which is 3.19 % change on previous year, 1.7× the median. (36 countries reporting)
Biggest year-on-year movements
Years where Gross value added at basic prices (GVA) … 2015 annual growth rate 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 |
|---|---|---|---|
| 2011 | +2937.8% | 0.156 % change on previous year | 4.74 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -4.77 % change on previous year | -20.62 % change on previous year | 11.08 % change on previous year | 2 |
| 2010s | 11.81 % change on previous year | -4.97 % change on previous year | 79.44 % change on previous year | 10 |
| 2020s | 5.94 % change on previous year | -33.93 % change on previous year | 29.75 % change on previous year | 5 |
Countries ranked near Turks and Caicos Islands
- 37 Congo, Democratic Republic of the 5.76 % change on previous year compare
- 38 Guinea-Bissau 5.74 % change on previous year compare
- 39 Maldives 5.65 % change on previous year compare
- 41 Cambodia 5.53 % change on previous year compare
- 42 Mali 5.39 % change on previous year compare
- 43 Antigua and Barbuda 5.36 % change on previous year compare
More economy & growth data for Turks and Caicos Islands
- 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$), annual 4.89 % change on previous year (2024)
- GDP (constant 2015 US$), annual growth rate 5.64 % change on previous year (2024)
- GDP (current LCU), per capita 37,507 current LCU per person (2024)
- GDP (current LCU), per unit of GDP 1 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant LCU), per capita 29,831 constant LCU per person (2024)
- GDP (current US$), annual growth rate 6.51 % change on previous year (2024)
Frequently asked questions
- What is gross value added at basic prices (gva) (constant 2015 us$), annual in Turks and Caicos Islands?
- Gross value added at basic prices (gva) (constant 2015 us$), annual in Turks and Caicos Islands was 5.54 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (constant 2015 us$), annual recorded in Turks and Caicos Islands?
- The highest recorded value was 79.44 % change on previous year in 2017.
- What is the lowest gross value added at basic prices (gva) (constant 2015 us$), annual recorded in Turks and Caicos Islands?
- The lowest recorded value was -33.93 % change on previous year in 2020.
- How does Turks and Caicos Islands rank for gross value added at basic prices (gva) (constant 2015 us$), annual?
- Turks and Caicos Islands ranks 40th out of 193 countries with data for 2024.
- Is gross value added at basic prices (gva) (constant 2015 us$), annual rising or falling in Turks and Caicos Islands?
- Over the last ten years it is down 14.4%. The long-run trend across the full record is volatile.
- Where does this Turks and Caicos Islands data come from?
- The figures come from Statizoid (derived), published as part of Gross value added at basic prices (GVA) (constant 2015 US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross value added at basic prices (GVA) (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.