Industry (including construction), value added (constant LCU) in Turks and Caicos Islands
Turks and Caicos Islands: Industry (including construction), value added (constant LCU) was 159.38 million constant LCU 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 LCU.
Analysis
The most recent figure for industry (including construction), value added in Turks and Caicos Islands is 159.38 million constant LCU, measured in 2024. That is the highest value across all 18 years on record.
The figure is 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 159.38 million constant LCU in 2024 and was at its lowest, 37.70 million constant LCU, in 2012.
Turks and Caicos Islands ranks 194th of 200 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 (constant LCU) in Turks and Caicos Islands, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2007 | 100.56 million constant LCU | — |
| 2008 | 102.06 million constant LCU | +1.5% |
| 2009 | 67.50 million constant LCU | -33.9% |
| 2010 | 49.68 million constant LCU | -26.4% |
| 2011 | 39.52 million constant LCU | -20.5% |
| 2012 | 37.70 million constant LCU | -4.6% |
| 2013 | 40.23 million constant LCU | +6.7% |
| 2014 | 42.66 million constant LCU | +6.1% |
| 2015 | 48.17 million constant LCU | +12.9% |
| 2016 | 50.98 million constant LCU | +5.8% |
| 2017 | 104.52 million constant LCU | +105.0% |
| 2018 | 119.55 million constant LCU | +14.4% |
| 2019 | 115.66 million constant LCU | -3.2% |
| 2020 | 99.19 million constant LCU | -14.2% |
| 2021 | 114.38 million constant LCU | +15.3% |
| 2022 | 136.33 million constant LCU | +19.2% |
| 2023 | 146.15 million constant LCU | +7.2% |
| 2024 | 159.38 million constant LCU | +9.0% |
Turks and Caicos Islands compared with similar countries
- Turks and Caicos Islands's 159.38 million constant LCU is below the median for high income countries, which is 57.24 billion constant LCU, 0% of the median. (70 countries reporting)
- Turks and Caicos Islands's 159.38 million constant LCU is below the median for Latin America & Caribbean, which is 29.90 billion constant LCU, 1% of the median. (37 countries reporting)
Biggest year-on-year movements
Years where Industry (including construction), value added (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 | +105.0% | 50.98 million constant LCU | 104.52 million constant LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 90.04 million constant LCU | 67.50 million constant LCU | 102.06 million constant LCU | 3 |
| 2010s | 64.87 million constant LCU | 37.70 million constant LCU | 119.55 million constant LCU | 10 |
| 2020s | 131.08 million constant LCU | 99.19 million constant LCU | 159.38 million constant LCU | 5 |
Countries ranked near Turks and Caicos Islands
- 191 Samoa 256.95 million constant LCU compare
- 192 Dominica 233.30 million constant LCU compare
- 193 Tonga 215.89 million constant LCU compare
- 195 Sint Maarten (Dutch part) 139.60 million constant LCU compare
- 196 East Timor 115.48 million constant LCU compare
- 197 Kiribati 47.82 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 industry (including construction), value added in Turks and Caicos Islands?
- Industry (including construction), value added in Turks and Caicos Islands was 159.38 million constant LCU 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 159.38 million constant LCU in 2024.
- What is the lowest industry (including construction), value added recorded in Turks and Caicos Islands?
- The lowest recorded value was 37.70 million constant LCU in 2012.
- How does Turks and Caicos Islands rank for industry (including construction), value added?
- Turks and Caicos Islands ranks 194th out of 200 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 LCU). 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 varies by country. This series is expressed in local currency units.