Industry (including construction), value added in Turks and Caicos Islands
Turks and Caicos Islands: Industry (including construction), value added 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 192nd of 198 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 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% |
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
More economy & growth data for Turks and Caicos Islands
- Taxes less subsidies on products (current LCU), per capita 6,630 current LCU per person (2024)
- Net primary income (Net income from abroad) (current US$), annual -939.29 % change on previous year (2024)
- Net primary income (Net income from abroad) (current LCU), annual -939.29 % change on previous year (2024)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1768 current US$ per US$ of GDP (2024)
- Taxes less subsidies on products (current US$), per capita 6,630 current US$ 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)
- Gdp worldbank constant usd, per capita 57,179 units per person (2024)
- Gdp worldbank constant usd, annual growth rate 5.64 % 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 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 192nd out of 198 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.