Gross value added at basic prices (GVA) (constant LCU), annual growth in Turks and Caicos Islands
Turks and Caicos Islands: Gross value added at basic prices (GVA) (constant LCU), annual growth was 5.54 % change on previous year in 2024. ◆ Volatile
Gross value added at basic prices (GVA) (constant LCU), annual growth in Turks and Caicos Islands, 2008–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross value added at basic prices (gva) (constant lcu), annual growth in Turks and Caicos Islands stood at 5.54 % change on previous year.
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 lcu), annual growth 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 195 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) (constant LCU), annual growth 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 | 0.1561 % change on previous year | -100.8% |
| 2011 | 4.74 % change on previous year | +2937.1% |
| 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 | +344.9% |
| 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% |
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 Democratic Republic of Congo 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
- GDP (constant 2015 US$), annual growth rate 5.64 % change on previous year (2024)
- GDP (current US$), per capita 37,507 current US$ per person (2024)
- GDP (current LCU), annual growth rate 6.51 % change on previous year (2024)
- GDP (current LCU), per unit of GDP 1 current LCU per US$ of GDP (2024)
- GDP (current LCU), per capita 37,507 current LCU per person (2024)
- GDP (constant 2015 US$), per capita 57,179 constant 2015 US$ per person (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 US$), annual growth rate 6.51 % change on previous year (2024)
- GDP (constant 2015 US$), 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) (constant lcu), annual growth in Turks and Caicos Islands?
- Gross value added at basic prices (gva) (constant lcu), annual growth 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 lcu), annual growth 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 lcu), annual growth 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 lcu), annual growth?
- Turks and Caicos Islands ranks 40th out of 195 countries with data for 2024.
- Is gross value added at basic prices (gva) (constant lcu), annual growth 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 LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (constant LCU). 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 Offices (NSOs)
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 LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.