Industry (including construction), value added in Turks and Caicos Islands
Turks and Caicos Islands: Industry (including construction), value added was 9.0% in 2024. ◆ Volatile
Industry (including construction), value added in Turks and Caicos Islands, 2008–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
Turks and Caicos Islands recorded 9.0% for industry (including construction), value added in 2024.
Compared with earlier readings it is up 25.5% on the previous year and up 49.4% over ten years.
Over the whole period, industry (including construction), value added in Turks and Caicos Islands peaked at 105.0% in 2017 and was at its lowest, -33.9%, in 2009.
Turks and Caicos Islands ranks 25th of 199 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Industry (including construction), value added in Turks and Caicos Islands, year by year
| Year | annual % growth | Change |
|---|---|---|
| 2008 | 1.5% | — |
| 2009 | -33.9% | -2356.6% |
| 2010 | -26.4% | -22.0% |
| 2011 | -20.5% | -22.5% |
| 2012 | -4.6% | -77.5% |
| 2013 | 6.7% | -245.8% |
| 2014 | 6.1% | -9.8% |
| 2015 | 12.9% | +113.0% |
| 2016 | 5.8% | -54.7% |
| 2017 | 105.0% | +1697.7% |
| 2018 | 14.4% | -86.3% |
| 2019 | -3.2% | -122.6% |
| 2020 | -14.2% | +338.6% |
| 2021 | 15.3% | -207.5% |
| 2022 | 19.2% | +25.4% |
| 2023 | 7.2% | -62.4% |
| 2024 | 9.0% | +25.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -16.2% | -33.9% | 1.5% | 2 |
| 2010s | 9.6% | -26.4% | 105.0% | 10 |
| 2020s | 7.3% | -14.2% | 19.2% | 5 |
Countries ranked near Turks and Caicos Islands
More economy & growth data for Turks and Caicos Islands
- Gross value added at basic prices (GVA) (current US$), per capita 30,877 current US$ per person (2024)
- Taxes less subsidies on products (current LCU), per capita 6,630 current LCU per person (2024)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.1768 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8232 current US$ per US$ of GDP (2024)
- Taxes less subsidies on products (current LCU), annual growth rate 13.69 % change on previous year (2024)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1768 current US$ per US$ of GDP (2024)
- Taxes less subsidies on products (current US$), annual growth rate 13.69 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.09 % change on previous year (2024)
- GDP (constant 2015 US$), annual growth rate 5.64 % change on previous year (2024)
- Taxes less subsidies on products (current US$), per capita 6,630 current US$ per person (2024)
Frequently asked questions
- What is industry (including construction), value added in Turks and Caicos Islands?
- Industry (including construction), value added in Turks and Caicos Islands was 9.0% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Turks and Caicos Islands?
- The highest recorded value was 105.0% in 2017.
- What is the lowest industry (including construction), value added recorded in Turks and Caicos Islands?
- The lowest recorded value was -33.9% in 2009.
- How does Turks and Caicos Islands rank for industry (including construction), value added?
- Turks and Caicos Islands ranks 25th out of 199 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Turks and Caicos Islands?
- Over the last ten years it is up 49.4%. The long-run trend across the full record is volatile.
- Where does this Turks and Caicos Islands data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Industry (including construction), value added (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.