Industry (including construction), value added in Turks and Caicos Islands
Turks and Caicos Islands: Industry (including construction), value added was 294.66 million constant 2015 US$ in 2024. ▲ Rising
Industry (including construction), value added in Turks and Caicos Islands, 2007–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
In 2024, industry (including construction), value added in Turks and Caicos Islands stood at 294.66 million constant 2015 US$. That is the highest value across all 18 years on record.
That represents a change of up 9.0% on the previous year and up 273.6% over ten years.
Over the whole period, industry (including construction), value added in Turks and Caicos Islands peaked at 294.66 million constant 2015 US$ in 2024 and was at its lowest, 69.69 million constant 2015 US$, in 2012.
Turks and Caicos Islands ranks 176th of 195 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 18 years of available data.
Industry (including construction), value added in Turks and Caicos Islands, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2007 | 185.91 million constant 2015 US$ | — |
| 2008 | 188.70 million constant 2015 US$ | +1.5% |
| 2009 | 124.80 million constant 2015 US$ | -33.9% |
| 2010 | 91.85 million constant 2015 US$ | -26.4% |
| 2011 | 73.06 million constant 2015 US$ | -20.5% |
| 2012 | 69.69 million constant 2015 US$ | -4.6% |
| 2013 | 74.37 million constant 2015 US$ | +6.7% |
| 2014 | 78.88 million constant 2015 US$ | +6.1% |
| 2015 | 89.05 million constant 2015 US$ | +12.9% |
| 2016 | 94.25 million constant 2015 US$ | +5.8% |
| 2017 | 193.24 million constant 2015 US$ | +105.0% |
| 2018 | 221.02 million constant 2015 US$ | +14.4% |
| 2019 | 213.84 million constant 2015 US$ | -3.2% |
| 2020 | 183.38 million constant 2015 US$ | -14.2% |
| 2021 | 211.46 million constant 2015 US$ | +15.3% |
| 2022 | 252.04 million constant 2015 US$ | +19.2% |
| 2023 | 270.21 million constant 2015 US$ | +7.2% |
| 2024 | 294.66 million constant 2015 US$ | +9.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 166.47 million constant 2015 US$ | 124.80 million constant 2015 US$ | 188.70 million constant 2015 US$ | 3 |
| 2010s | 119.93 million constant 2015 US$ | 69.69 million constant 2015 US$ | 221.02 million constant 2015 US$ | 10 |
| 2020s | 242.35 million constant 2015 US$ | 183.38 million constant 2015 US$ | 294.66 million constant 2015 US$ | 5 |
Countries ranked near Turks and Caicos Islands
- 173 Aruba 379.98 million constant 2015 US$ compare
- 174 Antigua and Barbuda 375.86 million constant 2015 US$ compare
- 175 Solomon Islands 302.30 million constant 2015 US$ compare
- 177 Guinea-Bissau 293.99 million constant 2015 US$ compare
- 178 Seychelles 289.24 million constant 2015 US$ compare
- 179 Cape Verde 251.13 million constant 2015 US$ compare
More economy & growth data for Turks and Caicos Islands
- Gdp worldbank constant usd, 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)
- Taxes less subsidies on products (current LCU), annual growth rate 13.69 % change on previous year (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 worldbank constant usd, per capita 57,179 units per person (2024)
- Manufacturing value added to gdp, per capita 0 units per person (2024)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2024)
- GNI (current LCU), annual growth rate 4.9 % change on previous year (2024)
- Gdp worldbank constant usd, per unit of GDP 1.52 units per US$ of GDP (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 294.66 million constant 2015 US$ 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 294.66 million constant 2015 US$ in 2024.
- What is the lowest industry (including construction), value added recorded in Turks and Caicos Islands?
- The lowest recorded value was 69.69 million constant 2015 US$ in 2012.
- How does Turks and Caicos Islands rank for industry (including construction), value added?
- Turks and Caicos Islands ranks 176th out of 195 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 273.6%. 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 Industry (including construction), value added (constant 2015 US$). 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.