Gross value added at basic prices (GVA) (current US$) in Turks and Caicos Islands
Turks and Caicos Islands: Gross value added at basic prices (GVA) (current US$) was 1.44 billion current US$ in 2024. ▲ Rising
Gross value added at basic prices (GVA) in Turks and Caicos Islands, 2001–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for gross value added at basic prices (gva) in Turks and Caicos Islands is 1.44 billion current US$, measured in 2024. That is the highest value across all 24 years on record.
That represents a change of up 5.1% on the previous year and up 77.4% over ten years.
Over the whole period, gross value added at basic prices (gva) in Turks and Caicos Islands peaked at 1.44 billion current US$ in 2024 and was at its lowest, 320.10 million current US$, in 2001.
Turks and Caicos Islands ranks 191st of 207 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 24 years of available data.
Gross value added at basic prices (GVA) (current US$) in Turks and Caicos Islands, year by year
| Year | current US$ | Change |
|---|---|---|
| 2001 | 320.10 million current US$ | — |
| 2002 | 322.58 million current US$ | +0.8% |
| 2003 | 357.94 million current US$ | +11.0% |
| 2004 | 424.95 million current US$ | +18.7% |
| 2005 | 499.11 million current US$ | +17.5% |
| 2006 | 616.70 million current US$ | +23.6% |
| 2007 | 662.10 million current US$ | +7.4% |
| 2008 | 757.61 million current US$ | +14.4% |
| 2009 | 609.32 million current US$ | -19.6% |
| 2010 | 590.23 million current US$ | -3.1% |
| 2011 | 736.49 million current US$ | +24.8% |
| 2012 | 719.68 million current US$ | -2.3% |
| 2013 | 747.88 million current US$ | +3.9% |
| 2014 | 810.05 million current US$ | +8.3% |
| 2015 | 905.73 million current US$ | +11.8% |
| 2016 | 1.03 billion current US$ | +13.2% |
| 2017 | 1.03 billion current US$ | -0.0% |
| 2018 | 1.12 billion current US$ | +9.3% |
| 2019 | 1.20 billion current US$ | +6.8% |
| 2020 | 799.39 million current US$ | -33.2% |
| 2021 | 1.04 billion current US$ | +30.3% |
| 2022 | 1.19 billion current US$ | +14.2% |
| 2023 | 1.37 billion current US$ | +15.0% |
| 2024 | 1.44 billion current US$ | +5.1% |
Turks and Caicos Islands compared with similar countries
- Turks and Caicos Islands's 1.44 billion current US$ is below the median for high income countries, which is 110.20 billion current US$, 1% of the median. (77 countries reporting)
- Turks and Caicos Islands's 1.44 billion current US$ is below the median for Latin America & Caribbean, which is 26.28 billion current US$, 5% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 507.82 million current US$ | 320.10 million current US$ | 757.61 million current US$ | 9 |
| 2010s | 887.71 million current US$ | 590.23 million current US$ | 1.20 billion current US$ | 10 |
| 2020s | 1.17 billion current US$ | 799.39 million current US$ | 1.44 billion current US$ | 5 |
Countries ranked near Turks and Caicos Islands
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 1.44 billion current US$ 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 1.44 billion current 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 320.10 million current US$ in 2001.
- How does Turks and Caicos Islands rank for gross value added at basic prices (gva)?
- Turks and Caicos Islands ranks 191st out of 207 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 77.4%. 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) (current US$). 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.