Gross value added at basic prices (GVA) (current LCU), annual growth in Turks and Caicos Islands
Turks and Caicos Islands: Gross value added at basic prices (GVA) (current LCU), annual growth was 5.09 % change on previous year in 2024. ◆ Volatile
Gross value added at basic prices (GVA) (current LCU), annual growth in Turks and Caicos Islands, 2001–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Turks and Caicos Islands recorded 5.09 % change on previous year for gross value added at basic prices (gva) (current lcu), annual growth in 2024.
That represents a change of down 66.0% on the previous year and down 38.8% over ten years.
Over the whole period, gross value added at basic prices (gva) (current lcu), annual growth in Turks and Caicos Islands peaked at 30.26 % change on previous year in 2021 and was at its lowest, -33.18 % change on previous year, in 2020.
Turks and Caicos Islands ranks 142nd of 205 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) (current LCU), annual growth in Turks and Caicos Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2001 | 12.56 % change on previous year | — |
| 2002 | 0.776 % change on previous year | -93.8% |
| 2003 | 10.96 % change on previous year | +1312.7% |
| 2004 | 18.72 % change on previous year | +70.8% |
| 2005 | 17.45 % change on previous year | -6.8% |
| 2006 | 23.56 % change on previous year | +35.0% |
| 2007 | 7.36 % change on previous year | -68.7% |
| 2008 | 14.42 % change on previous year | +95.9% |
| 2009 | -19.57 % change on previous year | -235.7% |
| 2010 | -3.13 % change on previous year | -84.0% |
| 2011 | 24.78 % change on previous year | -891.1% |
| 2012 | -2.28 % change on previous year | -109.2% |
| 2013 | 3.92 % change on previous year | -271.7% |
| 2014 | 8.31 % change on previous year | +112.2% |
| 2015 | 11.81 % change on previous year | +42.1% |
| 2016 | 13.23 % change on previous year | +12.0% |
| 2017 | -0.04 % change on previous year | -100.3% |
| 2018 | 9.26 % change on previous year | -23258.1% |
| 2019 | 6.81 % change on previous year | -26.4% |
| 2020 | -33.18 % change on previous year | -587.0% |
| 2021 | 30.26 % change on previous year | -191.2% |
| 2022 | 14.2 % change on previous year | -53.1% |
| 2023 | 14.98 % change on previous year | +5.5% |
| 2024 | 5.09 % change on previous year | -66.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.58 % change on previous year | -19.57 % change on previous year | 23.56 % change on previous year | 9 |
| 2010s | 7.27 % change on previous year | -3.13 % change on previous year | 24.78 % change on previous year | 10 |
| 2020s | 6.27 % change on previous year | -33.18 % change on previous year | 30.26 % change on previous year | 5 |
Countries ranked near Turks and Caicos Islands
- 139 Bosnia and Herzegovina 5.21 % change on previous year compare
- 140 Netherlands 5.2 % change on previous year compare
- 141 United Kingdom of Great Britain and Northern Ireland 5.13 % change on previous year compare
- 143 Albania 5.05 % change on previous year compare
- 144 Mexico 5.04 % change on previous year compare
- 145 Montenegro 4.94 % change on previous year compare
More economy & growth data for Turks and Caicos Islands
- GDP (constant 2015 US$), per unit of GDP 1.52 constant 2015 US$ per US$ of GDP (2024)
- Gdp worldbank constant usd, 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 worldbank constant usd, per unit of GDP 1.52 units per US$ of GDP (2024)
- Gdp worldbank constant usd, per capita 57,179 units per person (2024)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.1768 current LCU per US$ of GDP (2024)
- GNI (current LCU), per capita 37,002 current LCU per person (2024)
- GDP (current LCU), per capita 37,507 current LCU per person (2024)
- GDP (constant 2015 US$), annual growth rate 5.64 % change on previous year (2024)
- GDP (constant LCU), annual growth rate 5.64 % change on previous year (2024)
Frequently asked questions
- What is gross value added at basic prices (gva) (current lcu), annual growth in Turks and Caicos Islands?
- Gross value added at basic prices (gva) (current lcu), annual growth in Turks and Caicos Islands was 5.09 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (current lcu), annual growth recorded in Turks and Caicos Islands?
- The highest recorded value was 30.26 % change on previous year in 2021.
- What is the lowest gross value added at basic prices (gva) (current lcu), annual growth recorded in Turks and Caicos Islands?
- The lowest recorded value was -33.18 % change on previous year in 2020.
- How does Turks and Caicos Islands rank for gross value added at basic prices (gva) (current lcu), annual growth?
- Turks and Caicos Islands ranks 142nd out of 205 countries with data for 2024.
- Is gross value added at basic prices (gva) (current lcu), annual growth rising or falling in Turks and Caicos Islands?
- Over the last ten years it is down 38.8%. 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) (current 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) (current 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 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) (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.