Industry (including construction), value added (current US$) in Turks and Caicos Islands
Turks and Caicos Islands: Industry (including construction), value added (current US$) was 162.97 million current US$ in 2024. ▲ Rising
Industry (including construction), value added in Turks and Caicos Islands, 2001–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, industry (including construction), value added in Turks and Caicos Islands stood at 162.97 million current US$.
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 US$ in 2008 and was at its lowest, 50.25 million current US$, in 2001.
That places Turks and Caicos Islands 196th out of 209 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 24 years of available data.
Industry (including construction), value added (current US$) in Turks and Caicos Islands, year by year
| Year | current US$ | Change |
|---|---|---|
| 2001 | 50.25 million current US$ | — |
| 2002 | 51.69 million current US$ | +2.9% |
| 2003 | 60.54 million current US$ | +17.1% |
| 2004 | 81.17 million current US$ | +34.1% |
| 2005 | 105.31 million current US$ | +29.7% |
| 2006 | 146.00 million current US$ | +38.6% |
| 2007 | 154.50 million current US$ | +5.8% |
| 2008 | 168.59 million current US$ | +9.1% |
| 2009 | 113.91 million current US$ | -32.4% |
| 2010 | 81.98 million current US$ | -28.0% |
| 2011 | 66.83 million current US$ | -18.5% |
| 2012 | 67.30 million current US$ | +0.7% |
| 2013 | 72.58 million current US$ | +7.9% |
| 2014 | 76.25 million current US$ | +5.1% |
| 2015 | 89.05 million current US$ | +16.8% |
| 2016 | 95.77 million current US$ | +7.5% |
| 2017 | 107.85 million current US$ | +12.6% |
| 2018 | 119.55 million current US$ | +10.8% |
| 2019 | 118.38 million current US$ | -1.0% |
| 2020 | 102.27 million current US$ | -13.6% |
| 2021 | 121.28 million current US$ | +18.6% |
| 2022 | 144.13 million current US$ | +18.8% |
| 2023 | 155.37 million current US$ | +7.8% |
| 2024 | 162.97 million current US$ | +4.9% |
Turks and Caicos Islands compared with similar countries
- Turks and Caicos Islands's 162.97 million current US$ is below the median for high income countries, which is 25.19 billion current US$, 1% of the median. (77 countries reporting)
- Turks and Caicos Islands's 162.97 million current US$ is below the median for Latin America & Caribbean, which is 8.88 billion current US$, 2% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 103.55 million current US$ | 50.25 million current US$ | 168.59 million current US$ | 9 |
| 2010s | 89.55 million current US$ | 66.83 million current US$ | 119.55 million current US$ | 10 |
| 2020s | 137.20 million current US$ | 102.27 million current US$ | 162.97 million current US$ | 5 |
Countries ranked near Turks and Caicos Islands
- 193 Grenada 219.93 million current US$ compare
- 194 Saint Vincent and the Grenadines 189.60 million current US$ compare
- 195 Comoros 179.04 million current US$ compare
- 197 Samoa 130.93 million current US$ compare
- 198 Vanuatu 130.60 million current US$ compare
- 199 Tonga 114.43 million current US$ 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 162.97 million current 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 168.59 million current US$ in 2008.
- What is the lowest industry (including construction), value added recorded in Turks and Caicos Islands?
- The lowest recorded value was 50.25 million current US$ in 2001.
- How does Turks and Caicos Islands rank for industry (including construction), value added?
- Turks and Caicos Islands ranks 196th 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 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.