Industry (including construction), value added (current LCU) in Turks and Caicos Islands
Turks and Caicos Islands: Industry (including construction), value added (current LCU) was 162.97 million current LCU in 2024. ▲ Rising
Industry (including construction), value added in Turks and Caicos Islands, 2000–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
Turks and Caicos Islands recorded 162.97 million current LCU for industry (including construction), value added in 2024.
The figure is up 4.9% on the previous year and up 113.7% over ten years.
Over the whole period, industry (including construction), value added in Turks and Caicos Islands peaked at 168.59 million current LCU in 2008 and was at its lowest, 47.96 million current LCU, in 2000.
Turks and Caicos Islands ranks 202nd of 209 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Industry (including construction), value added (current LCU) in Turks and Caicos Islands, year by year
| Year | current LCU | Change |
|---|---|---|
| 2000 | 47.96 million current LCU | — |
| 2001 | 50.25 million current LCU | +4.8% |
| 2002 | 51.69 million current LCU | +2.9% |
| 2003 | 60.54 million current LCU | +17.1% |
| 2004 | 81.17 million current LCU | +34.1% |
| 2005 | 105.31 million current LCU | +29.7% |
| 2006 | 146.00 million current LCU | +38.6% |
| 2007 | 154.50 million current LCU | +5.8% |
| 2008 | 168.59 million current LCU | +9.1% |
| 2009 | 113.91 million current LCU | -32.4% |
| 2010 | 81.98 million current LCU | -28.0% |
| 2011 | 66.83 million current LCU | -18.5% |
| 2012 | 67.30 million current LCU | +0.7% |
| 2013 | 72.58 million current LCU | +7.9% |
| 2014 | 76.25 million current LCU | +5.1% |
| 2015 | 89.05 million current LCU | +16.8% |
| 2016 | 95.77 million current LCU | +7.5% |
| 2017 | 107.85 million current LCU | +12.6% |
| 2018 | 119.55 million current LCU | +10.8% |
| 2019 | 118.38 million current LCU | -1.0% |
| 2020 | 102.27 million current LCU | -13.6% |
| 2021 | 121.28 million current LCU | +18.6% |
| 2022 | 144.13 million current LCU | +18.8% |
| 2023 | 155.37 million current LCU | +7.8% |
| 2024 | 162.97 million current LCU | +4.9% |
Turks and Caicos Islands compared with similar countries
- Turks and Caicos Islands's 162.97 million current LCU is below the median for high income countries, which is 60.84 billion current LCU, 0% of the median. (77 countries reporting)
- Turks and Caicos Islands's 162.97 million current LCU is below the median for Latin America & Caribbean, which is 59.94 billion current LCU, 0% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 97.99 million current LCU | 47.96 million current LCU | 168.59 million current LCU | 10 |
| 2010s | 89.55 million current LCU | 66.83 million current LCU | 119.55 million current LCU | 10 |
| 2020s | 137.20 million current LCU | 102.27 million current LCU | 162.97 million current LCU | 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 industry (including construction), value added in Turks and Caicos Islands?
- Industry (including construction), value added in Turks and Caicos Islands was 162.97 million current 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 168.59 million current LCU in 2008.
- What is the lowest industry (including construction), value added recorded in Turks and Caicos Islands?
- The lowest recorded value was 47.96 million current LCU in 2000.
- How does Turks and Caicos Islands rank for industry (including construction), value added?
- Turks and Caicos Islands ranks 202nd out of 209 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 113.7%. 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.