Gross value added at basic prices (GVA) (constant 2015 US$) in Turks and Caicos Islands
Turks and Caicos Islands: Gross value added at basic prices (GVA) (constant 2015 US$) was 2.34 billion constant 2015 US$ in 2024. ▲ Rising
Gross value added at basic prices (GVA) in Turks and Caicos Islands, 2007–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
Turks and Caicos Islands recorded 2.34 billion constant 2015 US$ for gross value added at basic prices (gva) in 2024. That is the highest value across all 18 years on record.
The figure is up 5.5% on the previous year and up 184.6% over ten years.
Over the whole period, gross value added at basic prices (gva) in Turks and Caicos Islands peaked at 2.34 billion constant 2015 US$ in 2024 and was at its lowest, 761.58 million constant 2015 US$, in 2012.
That places Turks and Caicos Islands 168th out of 194 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 18 years of available data.
Gross value added at basic prices (GVA) (constant 2015 US$) in Turks and Caicos Islands, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2007 | 866.36 million constant 2015 US$ | — |
| 2008 | 962.36 million constant 2015 US$ | +11.1% |
| 2009 | 763.92 million constant 2015 US$ | -20.6% |
| 2010 | 765.11 million constant 2015 US$ | +0.2% |
| 2011 | 801.38 million constant 2015 US$ | +4.7% |
| 2012 | 761.58 million constant 2015 US$ | -5.0% |
| 2013 | 772.66 million constant 2015 US$ | +1.5% |
| 2014 | 822.67 million constant 2015 US$ | +6.5% |
| 2015 | 905.73 million constant 2015 US$ | +10.1% |
| 2016 | 985.86 million constant 2015 US$ | +8.8% |
| 2017 | 1.77 billion constant 2015 US$ | +79.4% |
| 2018 | 1.89 billion constant 2015 US$ | +6.8% |
| 2019 | 1.98 billion constant 2015 US$ | +5.1% |
| 2020 | 1.31 billion constant 2015 US$ | -33.9% |
| 2021 | 1.70 billion constant 2015 US$ | +29.7% |
| 2022 | 1.94 billion constant 2015 US$ | +14.1% |
| 2023 | 2.22 billion constant 2015 US$ | +14.2% |
| 2024 | 2.34 billion constant 2015 US$ | +5.5% |
Turks and Caicos Islands compared with similar countries
- Turks and Caicos Islands's 2.34 billion constant 2015 US$ is below the median for high income countries, which is 96.66 billion constant 2015 US$, 2% of the median. (69 countries reporting)
- Turks and Caicos Islands's 2.34 billion constant 2015 US$ is below the median for Latin America & Caribbean, which is 23.67 billion constant 2015 US$, 10% of the median. (36 countries reporting)
Biggest year-on-year movements
Years where Gross value added at basic prices (GVA) (constant 2015 US$) 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 |
|---|---|---|---|
| 2017 | +79.4% | 985.86 million constant 2015 US$ | 1.77 billion constant 2015 US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 864.21 million constant 2015 US$ | 763.92 million constant 2015 US$ | 962.36 million constant 2015 US$ | 3 |
| 2010s | 1.15 billion constant 2015 US$ | 761.58 million constant 2015 US$ | 1.98 billion constant 2015 US$ | 10 |
| 2020s | 1.90 billion constant 2015 US$ | 1.31 billion constant 2015 US$ | 2.34 billion constant 2015 US$ | 5 |
Countries ranked near Turks and Caicos Islands
- 165 Bhutan 2.87 billion constant 2015 US$ compare
- 166 Aruba 2.86 billion constant 2015 US$ compare
- 167 Greenland 2.82 billion constant 2015 US$ compare
- 169 Belize 2.34 billion constant 2015 US$ compare
- 170 Lesotho 2.21 billion constant 2015 US$ compare
- 171 Cape Verde 2.05 billion constant 2015 US$ 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 value added at basic prices (gva) in Turks and Caicos Islands?
- Gross value added at basic prices (gva) in Turks and Caicos Islands was 2.34 billion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Turks and Caicos Islands?
- The highest recorded value was 2.34 billion constant 2015 US$ in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Turks and Caicos Islands?
- The lowest recorded value was 761.58 million constant 2015 US$ in 2012.
- How does Turks and Caicos Islands rank for gross value added at basic prices (gva)?
- Turks and Caicos Islands ranks 168th out of 194 countries with data for 2024.
- Is gross value added at basic prices (gva) rising or falling in Turks and Caicos Islands?
- Over the last ten years it is up 184.6%. The long-run trend across the full record is rising.
- 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 Gross value added at basic prices (GVA) (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.