Gross value added at basic prices (GVA) (constant LCU) in Turks and Caicos Islands
Turks and Caicos Islands: Gross value added at basic prices (GVA) (constant LCU) was 1.39 billion constant LCU in 2024. ▲ Rising
Gross value added at basic prices (GVA) in Turks and Caicos Islands, 2007–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2024, gross value added at basic prices (gva) in Turks and Caicos Islands stood at 1.39 billion constant LCU. 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 1.39 billion constant LCU in 2024 and was at its lowest, 451.62 million constant LCU, in 2012.
That places Turks and Caicos Islands 192nd out of 198 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 LCU) in Turks and Caicos Islands, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2007 | 513.75 million constant LCU | — |
| 2008 | 570.67 million constant LCU | +11.1% |
| 2009 | 453.00 million constant LCU | -20.6% |
| 2010 | 453.71 million constant LCU | +0.2% |
| 2011 | 475.21 million constant LCU | +4.7% |
| 2012 | 451.62 million constant LCU | -5.0% |
| 2013 | 458.18 million constant LCU | +1.5% |
| 2014 | 487.84 million constant LCU | +6.5% |
| 2015 | 537.09 million constant LCU | +10.1% |
| 2016 | 584.61 million constant LCU | +8.8% |
| 2017 | 1.05 billion constant LCU | +79.4% |
| 2018 | 1.12 billion constant LCU | +6.8% |
| 2019 | 1.18 billion constant LCU | +5.1% |
| 2020 | 777.61 million constant LCU | -33.9% |
| 2021 | 1.01 billion constant LCU | +29.7% |
| 2022 | 1.15 billion constant LCU | +14.1% |
| 2023 | 1.32 billion constant LCU | +14.2% |
| 2024 | 1.39 billion constant LCU | +5.5% |
Turks and Caicos Islands compared with similar countries
- Turks and Caicos Islands's 1.39 billion constant LCU is below the median for high income countries, which is 270.55 billion constant LCU, 1% of the median. (70 countries reporting)
- Turks and Caicos Islands's 1.39 billion constant LCU is below the median for Latin America & Caribbean, which is 111.15 billion constant LCU, 1% of the median. (37 countries reporting)
Biggest year-on-year movements
Years where Gross value added at basic prices (GVA) (constant LCU) 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% | 584.61 million constant LCU | 1.05 billion constant LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 512.47 million constant LCU | 453.00 million constant LCU | 570.67 million constant LCU | 3 |
| 2010s | 679.42 million constant LCU | 451.62 million constant LCU | 1.18 billion constant LCU | 10 |
| 2020s | 1.13 billion constant LCU | 777.61 million constant LCU | 1.39 billion constant LCU | 5 |
Countries ranked near Turks and Caicos Islands
- 189 Saint Kitts and Nevis 2.07 billion constant LCU compare
- 190 East Timor 1.62 billion constant LCU compare
- 191 Dominica 1.50 billion constant LCU compare
- 193 San Marino 1.31 billion constant LCU compare
- 194 Tonga 902.26 million constant LCU compare
- 195 Kiribati 378.20 million constant LCU 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 1.39 billion constant LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Turks and Caicos Islands?
- The highest recorded value was 1.39 billion constant LCU in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Turks and Caicos Islands?
- The lowest recorded value was 451.62 million constant LCU in 2012.
- How does Turks and Caicos Islands rank for gross value added at basic prices (gva)?
- Turks and Caicos Islands ranks 192nd out of 198 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 Offices (NSOs), published as part of Gross value added at basic prices (GVA) (constant LCU). Statizoid updates them automatically from the source API.
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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 varies by country. This series is expressed in local currency units.