Industry (including construction), value added in Turks and Caicos Islands
Turks and Caicos Islands: Industry (including construction), value added was 9.3% in 2024. ▼ Falling
Industry (including construction), value added in Turks and Caicos Islands, 2000–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2024, industry (including construction), value added in Turks and Caicos Islands stood at 9.3%.
That represents a change of down 1.5% on the previous year and up 17.1% over ten years.
Over the whole period, industry (including construction), value added in Turks and Caicos Islands peaked at 20.2% in 2006 and was at its lowest, 7.9%, in 2011.
That places Turks and Caicos Islands 195th out of 209 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Industry (including construction), value added in Turks and Caicos Islands, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2000 | 15.0% | — |
| 2001 | 14.0% | -6.7% |
| 2002 | 14.1% | +0.6% |
| 2003 | 14.8% | +4.8% |
| 2004 | 16.7% | +13.1% |
| 2005 | 18.2% | +8.9% |
| 2006 | 20.2% | +11.1% |
| 2007 | 20.0% | -1.2% |
| 2008 | 19.5% | -2.2% |
| 2009 | 16.2% | -17.1% |
| 2010 | 11.9% | -26.3% |
| 2011 | 7.9% | -33.6% |
| 2012 | 8.1% | +1.9% |
| 2013 | 8.4% | +4.0% |
| 2014 | 8.0% | -5.2% |
| 2015 | 8.3% | +3.6% |
| 2016 | 8.0% | -3.5% |
| 2017 | 9.0% | +13.0% |
| 2018 | 9.1% | +1.0% |
| 2019 | 8.6% | -5.1% |
| 2020 | 11.1% | +29.1% |
| 2021 | 9.8% | -11.9% |
| 2022 | 10.0% | +2.5% |
| 2023 | 9.5% | -5.7% |
| 2024 | 9.3% | -1.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 16.9% | 14.0% | 20.2% | 10 |
| 2010s | 8.7% | 7.9% | 11.9% | 10 |
| 2020s | 10.0% | 9.3% | 11.1% | 5 |
Countries ranked near Turks and Caicos Islands
More economy & growth data for Turks and Caicos Islands
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8232 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 5.54 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 50,305 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 1.34 constant 2015 US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 5.54 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 30,877 current LCU per person (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.8232 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.09 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 30,877 current US$ per person (2024)
- Services, value added (constant 2015 US$), annual growth rate 5.11 % change on previous year (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 9.3% 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 20.2% in 2006.
- What is the lowest industry (including construction), value added recorded in Turks and Caicos Islands?
- The lowest recorded value was 7.9% in 2011.
- How does Turks and Caicos Islands rank for industry (including construction), value added?
- Turks and Caicos Islands ranks 195th 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 17.1%. The long-run trend across the full record is falling.
- 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 (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.